This Month in Late Capitalism
Transcribed whole from the November, 2018 issue of In These Times magazine and offered without comment.
THIS MONTH IN LATE CAPITALISM
--- After Nostrum Laboratories quadrupled the price of a critical antibiotic to $2,392 per bottle, the company's founder and president, Nirmal Mulye, claimed that charging the highest possible price was a "moral requirement." Makes you think: If "morality" in the private healthcare market puts profits over lives, maybe there shouldn't be a private healthcare market.
--- Amazon CEO Jeff Bezos has dipped his toes into philanthropy with a private fund for a chain of preschools where "the child will be the customer." Meanwhile, Amazon paid no federal income tax on its $5.6 billion in profits in 2017. Where's the fund for public schools, Jeff ?
--- Lingerie company Yandy introduced an (unlicensed) "sexy" Handmaid's Tale Halloween costume. In the book and TV series, handmaids are violently oppressed concubines. Following public outcry, Yandy pulled the outfit.
--- Former presidential candidate Hillary Clinton is the latest to help crowdfund someone's life-saving medical care, appealing for a former staffer's GoFundMe page for cancer treatment. Here's hoping the ordeal gives Clinton, who in 2016 said single payer would "never, ever come to pass," a change of heart.
--- Insurance company John Hancock, one of the oldest and largest life insurers in North America, has officially stopped offering traditional life insurance, replacing it with "interactive" policies that grant discounts and perks based on tracking customers' health and fitness data. Big Brother is here, and he wants you to get a Fitbit.