Posted on December 5, 2013 in Uncategorized
The Article: Five Ways We’re Being Violated by Big Business by in The Contributor.
The Text: We already pay dearly for energy, medicine, banking, and telecommunications services. But a little research reveals that we’re paying more—much more—in a variety of ways that our business-friendly mainstream media won’t talk about.
1. Drug Companies: The Body Snatchers
A report by Battelle Memorial Institute determined that the $4 billion government-funded Human Genome Project (HGP) will generate economic activity of about $140 for every dollar spent. Although that estimate is controversial, drug industry executives say it’s just a matter of time before the profits roll in.
Big business is quickly making its move. Celera Genomics was first, as the company initiated a private version of the genome project, incorporating the public data into their work, but forbidding the public effort to use Celera data. Abbott Labs is developing products based on the HGP. Merck’s automated biotechnology facility was made possible by the HGP. Two-thirds of the products at Bristol-Myers Squibb have been impacted by the HGP. Pfizer is starting to make big profits from its genome-based cancer treatments.