The Drug Industry

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Legal and illegal, medical and alternative, the drug industry is responsible for enormous numbers of deaths and addictions, extortionate prices, not to mention enormous amounts of fraud in alternative medicines. Its harms far exceed those of wars. The drug industry absolutely requires regulation, but it is also one of the worst practitioners of regulatory capture.

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Public Health Approach (21 links)
The public health approach treats problems (such as infectious diseases, addictive drugs, gambling, crime, extramarital sex, pollution and other environmental problems) with harm reduction, rather than simple moral judgements or prohibition. Libertarians still oppose it because it is a successful government social program and an alternative to their radicalism.
2 Paths of Bayer Drug in 80's: Riskier One Steered Overseas [More...]
"A division of the pharmaceutical company Bayer sold millions of dollars of blood-clotting medicine for hemophiliacs -- medicine that carried a high risk of transmitting AIDS -- to Asia and Latin America in the mid-1980's while selling a new, safer product in the West, according to documents obtained by The New York Times."
Alternative Medicine Fraud (10 links)
Libertarians want untrammeled freedom to buy and practice "alternative medicine". Yet they claim to oppose fraud and the vast majority of the multi-billion dollar "alternative medicine" industry is fraudulent and wasteful if not harmful.
Beyond the Planet of the Pharma Bros [More...]
" In the United States, which has abdicated its responsibility to negotiate on behalf of all Americans and ensure that everyone has access to the drugs they need, prices are the highest, and access the lowest among advanced economies." In part due to policies on licensing of drugs discovered with public funds.
Drug overdoses killed more Americans last year than the Vietnam War [More...]
"According to the report [CDC 2016], more Americans died from drug overdoses in 2016 than the number of American lives lost in the entirety of the Vietnam War, which totaled 58,200." This is a capitalist harm, exceeding homicides, suicides, and motor vehicle deaths.
Insight: How Compounding Pharmacies Rallied Patients to Fight Regulation [More...]
Lobbyists for the International Academy of Compounding Pharmacists defeated legislation designed to close the FDA regulatory loophole created by the Supreme Court in 2002. (The loophole has finally been closed in 2013, after a huge meningitis outbreak.)
New England Compounding Center meningitis outbreak [More...]
As a result of obstruction of regulation of compounding pharmacies, 800 were sickened and 76 died in one incident.
The Family That Built an Empire of Pain [More...]
"Since 1999, two hundred thousand Americans have died from overdoses related to OxyContin and other prescription opioids. Many addicts, finding prescription painkillers too expensive or too difficult to obtain, have turned to heroin." The blame for this can be squarely laid at the feet of the Sackler family's privately held company, Purdue Pharma.
The Secretive Family Making Billions From The Opioid Crisis [More...]
The Sackler family created a large part of the current opioid crisis (53,000 dead per year) with their hyper-aggressive marketing of Oxycontin and other opiates, paying some of the harshest fines ever imposed on a pharmaceutical company: more than $600,000,000.
The very worst version of the sham known as “right-to-try” is poised to become law [More...]
"... powerful forces are backing right-to-try, including the Koch brothers and Vice President Mike Pence... Right-to-try is only a little about helping patients. It’s far more about dismantling the FDA and giving drug and device manufacturers more freedom to market drugs and devices with much less testing."

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