I’m back on @businessinsider today with a piece about how Elon Musk shows the broken state of the modern CEO: a chaotic blend of unproductive micromanagement and highly paid absenteeism.
https://t.co/G8z0Eb0sTz
Why have insulin prices soared? Just 3 companies (Eli Lilly, Novo & Sanofi) control 90% of the insulin market while jacking up prices in tandem. It's time to break up their patents and end this collusion. Americans should not be forced to pay 10x more for insulin than Canadians.
THREAD. A 70-year-old man has died in the downtown Houston jail because he couldn't pay $500 cash. No media outlet has deemed it important enough to tell the public about his death, but what happened is horrific and his story matters.
This chaos you're seeing on Twitter now is literally the same chaos many a worker goes through when a venture capitalist buys out a food place, retail spot, or grocery store, and then squeezes labor and quality to suck every penny before it goes belly up.
Let's be clear. Eli Lilly should apologize for increasing the price of insulin by over 1,200% since 1996 to $275 while it costs less than $10 to manufacture. The inventors of insulin sold their patents in 1923 for $1 to save lives, not to make Eli Lilly's CEO obscenely rich.
Ro Khanna, Katie Porter, and Mark Takano introduced the Stop Wall Street Landlords Act and no one in the mainstream media covered it. Single-family housing is being robbed by hedge funds in broad daylight, so it'd probably be a really good idea for Democrats to promote this bill.
It's so funny to me that the economy and markets are supposed to be these untouchable forces like gravity but as soon they began to advantage the wrong kind of people our economy wranglers just push a button and are like "there's a recession now."