J&J, Merck, and Bristol Myers Squibb spend billions more on executives and stockholders than on R&D — Senate report points to greed and ‘patent thickets’ as key reasons for high prices::Senate report points to greed and “patent thickets” as key reasons for high prices.
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Behold the “efficiency” of market capitalism the self-serving economists love crowing about.
Efficient at making wealthy sociopaths richer for doing nothing, using the value of your labor, and nothing else.
