4.6 • 32K Ratings
🗓️ 24 May 2018
⏱️ 33 minutes
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0:00.0 | If I asked you to guess the least popular business sector in the United States, what would you say? |
0:07.0 | Here's a hint. |
0:10.1 | The very low approval rating of this industry nearly ties it with the federal government. |
0:16.7 | According to Gallup, only about a third of Americans give this industry a positive rating. |
0:22.3 | It is so unpopular that even the very, very unpopular federal government attacks it all |
0:28.1 | the time. |
0:29.9 | The decisions of every leaning from Rand Paul, the Republican Senator from Kentucky, |
0:35.5 | big farm on manipulates the system to keep prices high, to Elizabeth Warren, the Democratic |
0:41.5 | Senator from Massachusetts. |
0:43.4 | And a lot of that money that is spent lobbying Congress is to keep drug prices high. |
0:49.4 | From Donald Trump, the drug companies frankly are getting away with murder. |
0:54.6 | To Bernie Sanders. |
0:55.9 | I have been fighting the greed of the prescription drug industry for decades. |
1:01.0 | And as far as I can tell, the pharmaceutical industry always wins. |
1:08.0 | And here's an interesting twist. |
1:09.7 | The pharmaceutical industry is also the most charitable industry in America. |
1:15.5 | According to a survey by the Chronicle of Philanthropy, the top three American companies for charitable |
1:21.3 | contributions are Pfizer, Gilead Sciences, and Merck, also in the top ten Bristol-Mires |
1:28.3 | Squibb and Eli Lilly. |
1:30.7 | It's hard to imagine that being so charitable is what makes them unpopular. |
1:36.9 | Probably makes more sense to think that their charity is meant to mitigate their unpopularity, |
1:41.7 | although it doesn't seem to be working so well. |
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