Saturday, January 31, 2015

Another argument against the TPP

I've been agitating against the TPP for a couple of years now. It's amazing the number of negatives this ultra-secret proposed treaty will wreak on the U.S. Joe Stiglitz has another: the cost of drugs.

One possible way of bumping prices is to prevent or severely limit the availability of generics here. Consider one example of the price differential. Gilead Sciences charges us $84,000 for a drug it sells in India for about $8,400. A second way is via the government. The TPP could eliminate the government's ability to regulate drug prices.

How Obama can continue to push this un-American treaty is beyond me.

1 comment:

R J Adams said...

The obvious explanation is that he, and most other politicians in the western world, are in the power (and possibly the 'pay') of the big corporations sponsoring this "treaty".
No-one really wants to accept this as the truth, but is there any other explanation? If so, I'd love to hear it.