/* Google Analytics Code asynchronous */

Wednesday, August 1, 2007

Distrusting the Profit Motive As Servant of the Public Interest

I think people may tend to find fault with the economic processes with which they are most familiar. Is it just an imagination bias? Qien sabe, but :

The publishing industry is one of the shallowest, dumbest and most archaic in the U.S. No one edits anything. ... It made money, and the people running the publishing industry have no other values but mercenary ones. -AS, July, 2007.


compare also, "I like drug companies" with:

June 27, 2007 -- WASHINGTON, D.C. – In a Senate Special Committee on Aging hearing Wednesday, U.S. Senator Claire McCaskill questioned medical and pharmaceutical industry leaders about the financial relationship between physicians and drug companies. Pharmaceutical companies currently spend billions of dollars annually – 90 percent of their marketing program – on gifts, lunches, drug samples, and sponsorships of education programs for doctors without any form of public disclosure, leading many to question whether economic incentives provided by the industry cloud physicians’ judgment and put profits ahead of patients.


Read it all (it has very interesting personal story) ... and remember:

"Right now, the money drug companies spend on advertising can be written off as a business expense. Claire McCaskill would limit the tax deduction for prescription drug advertising to help get drug costs down." -link

Go Senator McCaskill!