[lbo-talk] Lying shills for PHRMA

[andie nachgeborenen]

Apropos of bourgeois propaganda, the current issue of the Economist attributes China's greater economic succcess relative to India to the fact that India has too much govt regulation . . . jks
Doug Henwood <dhenwood at panix.com> wrote:budge wrote:


>
>So I'm watching the tape of this Frontline I taped earlier
>this week. Some flack named Majorie Powell says "just look
>at what happens to industries that have government price
>controls and regulation; there is no innovation".
>
>This is a bald faced lie. Please see ATT Bell Labs and
>Western Electric pre-1984 for obvious counter evidence.
>
>These scumbag pharmas spend more on marketing than they do
>on R&D, but it is R&D's budget that wil take the hit in
>response to price caps? That speaks volumes...

And who funds their basic research? The NIH!

Doug
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