Big Pharma Companies Have Become Hedge Funds | Aaron Bastani Meets Nick Dearden
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- Опубліковано 23 вер 2023
- Nick Dearden has been an economic justice campaigner for over 20 years. His attention was focused on the pharmaceutical industry just as the Covid-19 pandemic swept the globe. But as the world started to sing the praises of ‘Big Pharma’, Nick saw an unprecedented PR coup.
Giant corporations capitalised on the crisis, tightening their stranglehold over the health of the poor.
Nick sat down with Aaron to discuss how pharmaceutical companies have essentially become hedge funds, the redacted contracts between our government and Pfizer, and the scramble to patent magic mushrooms.
Novara Live broadcasts every weekday from 6PM on UA-cam and Twitch.
Episodes of Downstream are released Sundays at 6PM on UA-cam.
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Brilliant interview. I worked for a big CRO for two years and left very disillusioned. Nick articulates so well the issues with profitability over need.
The financial power and political influence of these mega corporations is such a crucial issue. Thank you for giving some coverage.
More powerful than the government
Thanks Aaron and the NM team, for the great content, and for your continuing fight to expose the injustices within our society.👍
❤❤❤❤❤❤❤❤ 1:09 1:13 1:14
Corbyn did say that there should be an aim to develop in house medication, within the NHS. But it wasn't widely reported as the really good idea that it was.
No wonder they want to privatise the NHS.
Glad you exist 👏🏻
Thanks Aaron, Nick Dearden is another fascinating guest on Novara. Very insightful and he covered a lot of ground. Clearly passionate about his work and research. I hope he sells a lot of books.
There IS money in helping poor people ffs. Just not as much as they can wring out of abject greed🤬✊✌💞
There's more money in processed foods, oils, dairy, and food with a face. Because then you can make more money treating the RESULTING serious metabolic disease with drugs and surgeries.
We’d have prevented so much societal decay, families doom-looping in pain and suffering, literal grief, and societal regression if we’d simply not focused primarily on the profit motives and greedy aspects of all this. 🤦♂️
In a debt based economy, you need to turn a profit in every role that we play
Truly helping people cannot happen, for this system requires a permanent underclass. ❤️
Everyone in the world should be forced to watch every Downstream episode, how can we make that happen?!
Epic coverage guys - this floats my boat!
The next time I hear somebody say "oh but we need capitalism/ free market to fuel innovation" I will send them to this interview.
communism is 100 times worse
Is Corporatism Capitalism? The idea that Capitalism promotes innovation is based on competition. Without that competition there won't be innovation. Thats the argument.
Corporations are not competitive. They strive to eliminate competition.
@@ltmundit’s what David Rockefeller did to his oil company and beat them and they the competition said it was unfair until they decided to change their models and became just as ruthless
Development should aim to reduce suffering. Not to force people to the bottom of the neoliberal workforce.
Finally on the left questioning the vaccine providers, where have you been the last three years?
Nice work getting Nick in (!) (We, the UK, also threw away 600,000 doses rather than give them away before they went out of date. That really shows the hollowness of our "Global Leadership", how interested we were in treating illness, rather than, as Nick says, the marketing and profit extraction)
I think South Africa and Africa in general are very fortunate in not having the 'vaccine'. Look at the risk/benefit ratio: one in 800 serious adverse events; look at the demography - most of the populations under the age of 25 and therefore not in the Covid-19 risk group; and compare their almost zero excess deaths since the pandemic with the 10/20% in the Anglosphere.
Agreed. I've seen data reflecting adverse events to be 1 in 750 when specifically looking at 18-30 year-olds. Something that doesn't get publicity, as the new jabs are recommended for everyone in the US and Canada.
Two nations of Sheep led by the Nose and owned by Wolves ...
Absolute nonsense.
There's lies. Damn lies. And then statistics
One of the best interviews NM has done, imho, and so necessary for us all to hear what Nick Dearden has to say on a subject that affects us all. Thank you Nick and Aaron.
Amazing interviews. My new favorite channel
These Downstream interviews are great. Its so good to hear in depth chats as opposed to the soundbites that pass for interviews and information in the MSM.
Lots of money to be made pushing and even trying to mandate drugs they don't need in the rich world though!
Pharma actually injures people with their products. Those injuries will themselves require drugs to remedy the initial drug induced injury. It's a business strategy.
Jeremy Corbyn argued for a public company for the production of medicine.
What about those injured by the 💉 ?
TOTAL SILENCE 🤫
Not just injured, no 54 Yr old brother is dead. Sudden Death.
There has to be fungibility involved as a pre-condition to helping people? The depravity is sickening.
No cures just constant medication . all for greed
Imagine China going through the experience of the opium wars then watching the US turning itself into a junkie.
Not just watching but sending them meth and fentanyl precursors
@bobjary9382 hahaha that's just a topper to the joke.
@sichambers9011 It is totally crazy....
I think Xi was initially sympathetic to the plight of Americans and was bringing some control to the labs that churn out these chemicals . Not only fentanyl, its precursors and meth but the array of ever changing nps substances like Spice and K2 .
That was until Trump decided he was going to unfriend Xi , the ccp and the whole of China!
COVID-19 Really has shown just how selfish the world is and many ways . So many people lost there lives which never shouldn’t of happened because many of the Governments fail to put the people first . Everything is always so corrupt and greed always overtake these people.
its purely the fault of capitalism and its incentive structure
I'm lucky to live in a country which, thanks to its Labour government, went into immediate lockdown for months until over 90% of those eligible were vaccinated. This limited the number of deaths to 24 for over a year.
In time, of course, we again opened our borders which has inreased our deaths to over 1,000.
A second lockdown in our largest city was enacted.
Regrettably, we now have people complaining about the way the government handled the epidemic and the resultant financial cost.
Proof, sadly, that every country has its fools!
@@voulafisentzidis8830
One again people are not paying attention to the spread of a new coronavirus. It’s can live on surface for 2-3 days .
SARS-CoV-2 .
@@voulafisentzidis8830 gosh I hope the flu never comes to your nation, you will be locked down forever
Which country? N. Zealand? If so, it was the border closure which stopped the virus, not the lockdowns. NZ's geographical distance and small population made a total closure possible in a way it wasn't in the UK. @@voulafisentzidis8830
Superb interview….. flew by too quickly.
Great journalism….
Thanks much, NM, for this brilliant interview. As always the guest selection and interview prep is superb.
Just finished Nick's book. It's an excellent insight. I'd be very interested to hear Nick and Ben Goldacre in a panel discussion as ben seems to see different even if aligned systemic issues.
Last 5 minutes just prove Jeremy Corbyn was right again (2019 manifesto): publicly owned drug production facilities, and if pharma takes public money for research, then the taxpayer should get a return.
having done crack meth and opiods opiods are the most sinister
A superb, enlightening conversation. I had a sense of the pharmaceutical industry's greed and pernicious roles. This interview still shocked me. So much power and influence over the course of humanity, over the lives of billions of people, yet they essentially act for the wealthy few, in financial conflict with even the wealthiest nations' basic health care provision. A fascinating call to action, starting from sharing the full reality of this lesser known toxic pharmaceuticals dynamic.
International Aid, has always been about developing vested interest for certain companies affiliated with the establishment. It's another way of taking public money and making it private, the classic socialise loss, privatise profit
Can someone on the NM crew re-align those Kallax units please, I can't concentrate.
Lol, now you've got me seeing it ! 😂
I ❤ Navarro Media , learning so much from you!
Sabine Hossenfelder should take notes on this interview.
Sabine Hossenfelder should leave UA-cam.
In The Name of The Father and of The Son...
0:00: 🔬 The video discusses the perception of big pharmaceutical companies and their impact on scientific research and innovation.
6:29: 🔍 Fizer is accused of unethical behavior and price gouging during the pandemic.
12:08: 🔍 There were parliamentary investigations in the UK and the US that concluded that certain pharmaceutical practices, such as patenting and using brand names, should be reformed.
18:14: 💊 The lack of funding for antibiotic discovery and research is causing a misallocation of resources towards chronic diseases like cancer, while neglecting potential future pandemics.
24:40: 💊 The video discusses the corruption in the pharmaceutical industry, specifically with OxyContin, leading to widespread addiction among Americans.
31:00: 🔬 Pharmaceutical companies are investing in making small changes to drugs to obtain new patents, even for natural substances like magic mushrooms.
36:49: 📺 The video discusses how a certain person managed to unite Donald Trump, Bernie Sanders, and Hillary Clinton in their disdain for him, due to his actions in the business world.
43:05: 🔍 The video discusses the hypocrisy of British politicians in their promise to lead the way in vaccinating the world.
49:15: 🌍 The development establishment emerged to address poverty caused by neoliberalism and create markets in other countries.
55:21: 🌍 The speaker discusses the misuse of aid money and the blurring of lines between development and capitalism.
1:01:16: 💰 Financialized companies rely on debt and extractive models to generate profit, often handing more money to shareholders than they spend on research and development.
1:07:31: 🔍 The delayed release of documents related to Prince Andrew's work fuels conspiracy theories.
1:13:38: 😷 The speaker expresses concern about the lack of resource allocation and global healthcare planning in the face of potential future pandemics.
Recap by Tammy AI
Thank you! Very much appreciated.
Wake up they are corrupt
Fascinating interview :}
This was such a fascinating conversation. Many thanks!
Greed corrupts and ruins everything, the big eye opener was the revelations from project veritas, the thing that worried me was the statements by the Pfhizer exec about directed evolution - that was really worrying to me..
Great vid, I didnt manage to see it live. How deeply ironic that your subtitles call it 'big farmer'. Subtitles are desperately inaccurate, might be better to publish a transcript that is accurate. Think I gotta get the book though it will make me even more depressed. Thanks guys
I met Nick Dearden many years ago at conference about economics. It was full of bankers and people from NGO's and I got a very strange vibe from the attendees but Nick Really stood out. I spoke to him briefly after he spoke and I put to im the feeling I got from the place and what he said really jarred me. Good bloke, very earnest.
Do what did he say?
So
@adrianaustralia1785 I said to him that I got the impression that most of the NGO's seemed to be grifting for money as many of them were doing the same thing and not really liasi g with each other and he agreed. It was back when he worked on the jubilee debt campaign and he looked pretty underwhelmed with it all. But that was just the impression I got
Great interview, lovely mention of MM at the end there too.
I am from the UK…..
I always thought I was on the Left…you know the type of thing: believe in a sense of fairness, equality and justice. Pay the real workers a proper wage and even, dare I say it, be able to buy a home or live in a council house at a fair rent - without mould and damp seeping in to make you and your children sick.
I loathe the get rich quick City, the oligarchs, the corruption in the Lobby system. Loath that shareholders, not the average Joe/Jo, is what the powerful companies are about. I find this Tory government truly dangerous; so many of those now in positions of power a disgusting brew filled with hate towards the poor and disenfranchised.
It has been a real eye-opener to me how if you DARE question the Covid-19 narrative, be it the LockDowns, the Masks, the safety of a brand-new Vaccine or believe that Gain of Function research at the Wuhan Virology Laboratory caused an escape of the C-19 virus you are deemed a Rightwing Trumpite QAnon, tinhat conspiracy theorist that needs to be silenced. I refused the vaccine - I was not about to be injected with an UNTESTED substance. How dare certain authorities ACTUALLY have the nerve to call a vaccine ‘Safe and Effective’ when it was BRAND NEW
Finish it in 100 Years' time...
OMBILICAL! Hombres!
Nice work Aaron 💪✊
this is great - thank you both for this in-depth interview.
I'm stunned by the interview and the comments. How does anyone still think that the covid shots were a good thing!?
By all means break the stranglehold of big pharmacy but not without exposing the weakness of their, so called, medicines.
I’m scratching my head at how late this is.. sometimes I really question NM with their take on what’s really going on.
I think many of us thought we should have them to build up a defense against Covid to protect more vulnerable people.
Big pharma have admitted in the European Parliament that they had no trials or data to show that the vaccine prevented transmission of Covid 19 and admitted that it dose not prevent transmission. So the Marxist vaccine passport system was supposed to protect granny and those of us who did not take it were ridiculed by most of the people who got it.
Most are still asleep and don’t see it or refuse to look at the truth.
When Gilead bought Pharmassett and acquired Sofosbuvir how did their monopoly affect access to HCVs treatments?
The poor always get the shaft first.
CIRCONCISED.
Thank you for what you do
Very new information for me. Although I already mistrusted big Pharma.
COLLABOS!
The Lord Will Reward What We Have Done ~
And there is no money believing the rich or entitled they r weaker in the long run ❤
Je Vous Salue...
No money in helping poor people- tell that to all the 'charities' helping all the 3rd world countries and themselves...
I am - enjoying is the wrong word - interested in this discussion. Allow me to direct you towards the child and adolescent mental health services and look at the marketing of ADHD drugs to children. I worked in such a department whilst studying social psychology...not the best move for peace of mind...but it is a micro to your interviewee's macro.
wish NM was on paypal
Do you mean donating to Novara Media via PayPal? It's feasible, but NM won't receive the entire donation. I'm debating between PayPal vs direct donation ATM.
@@jocosus3 yes that's what i mean
Direct Acting Antivirals were the last problems I had before the Pfizer jabs, which have been absolutely horrendous!
great clip
Wow, finally a left wing media dares to ask the tough questions about this touchy subject. Absolutely great interview. I learnt a lot of interesting details about stuff that I already knew in a more broader sense. How refereshing! I'll definitely search for more interviews of Nick Dearden. There's something a little funny about their conclusion (about questionning everything about the pharmacetical companies BUT their end product's quality), in my opinion. But that's ok, I'm not looking for biase confirmation.
The left will always be fascist friendly... it comes with ideology, same package
Oxycontin: 12-14 yr. old goes to dentist, X-ray, you MUST have those wisdom teeth removed (never mind that they have not yet grown in), Oxycontin for the pain. Dentist (drug pusher) gets rich, pharma gets rich, your kid gets addicted. Next?
How about providing a link to the book, or at the very least its title, in the text below your video Mr. Bastani?
Can you respond to British journalists interview with the president of Guyana
They did already.
Novara live 20th September, about 44 minutes in if you want the exact show 👍
Suffice to say they were not particularly impressed by Richard Madeley's terrible conduct...
BI🛑WEAP🛑N
SS.
There is no money in helping anybody, help is something you do out the goodness of your heart, so not for profit.
Exactly why healthcare should not be for profit.
@@3rodox
Agree. Healthcare is a basic human right. Profit should not come into it!!!
All the reasons why China will whip our ass socially and financially speaking. They are doing an awful lot of things that need doing to advance people and broad based prosperity despite their more planned and controlled economic system. At least people are not falling into abject poverty.
La Langue. Ordre.
The Drug business seems to be lucrative either side of the Law . Craziness that it's known and allowed
Bapu (Mahatma Gandhi ji) and Ba (Kasturba ji) showed the real way out of this. Ba chose to die suffering in jail but not use penicillin. Bapu refused to treat his high BP with medicines and doctors were surprised he stayed alive sometimes. In the end he died a martyr for peace.
Vinoba ji, the prime disciple of Bapu, went even beyond. When he had a heart attack, he refused to use medicines or treatment and chose the day of his death as 5 days hence (which was an auspicious day of Laxmi Pujan and Mahavir Jayanti) and he fasted to die precisely on that day. He believed God sent him a message that his work was over through his heart attack, and so he responded in this manner.
All these folks were superstitious but I admire the level of courage and control that human beings can exert on their bodies if they will do to do so.
I am also really grateful to be born in this nation otherwise it would have been a bit harder for me to access Bapu, Ba and Vinoba's literature.
all mentioned record fines i the. past. for fuard bribing drs etc
The pharmaceutical industry does not exist to promote public health, just as the car manufacturing industry does not exist to promote public transport. The development and worldwide distribution of a new pharmaceutical product requires huge amounts of money and resources, which only the multinationals can provide, and their shareholders demand a decent return on their investment. There are about a dozen major international pharmaceutical companies and they compete with each other, so one can hardly speak of a "monopoly"; this competition requires protection of intellectual property, just as (say) publishers will take action against the sale of cheap photocopies of their books. As you say, a state could choose to nationalize part or all of its pharmaceutical companies, but the recent sale of the UK's public vaccine production facility suggests that this is unlikely to happen, at least in Britain. "Big Pharma" operates in accordance with the capitalist system in which it finds itself; to criticize it for that is like criticizing Manchester United for not playing cricket.
Sorry, you didn’t engage with d fact dat d source of the innovation they point to when extracting indecent profits is actually public investments. Unlike Manchester Utd, women, children and elderly won’t die if they don’t see a game. It’s utterly indefensible.
@@nubosite Development of the AstraZeneca Covid vaccine in the UK was largely funded by taxpayers and charities but that is very much an exception. Most pharmaceutical development is funded by the companies themselves.
We need to address this at the root cause,that being mental health,exercise,consumption of to much alcohol,tobacco and of course diet,if we can promote and finance better education and appropriate subsidies we can have a healthier society,with much less health problems.
The healthier a society gets, the more health problems it gets, paradoxically. It's because if people live longer, then in the end everybody needs constant care for chronic conditions. Basically, the healthier you are, the longer you are going to be ill at the end of your life.
Afrika polulation should not be stopped. We need to send as much as food and modern medicine as possible.
7 kids per one family, on avrage is not enough. They should be able to have 12 kids per family.
It is dispicable that in Europe people should disire to have one kid.
.....
On the side note.
Yes I agree that corporations are run by psychopaths.
"We beat big pharma this year!". Did you Joe? Really?
however much i disagree with many of your opinions, i do think you are coming at it from an honest angle. I also watch without feeling like im your enemy so it helps bridge the gap haha
Thank God for the Quaccine !! Lol 😅🤣 saved lives ...yeah... right!
podcast u can say anything
L/spa and the Pfizer jabs dammed near killed me!
We are not idiots mate we know it’s Scamid19
Money talks, people mumble, that's calitaljst freedom of speech.
All large companies are only concerned with making money and having power. When they (either directly or through lobbyists) give politicians financial support or “gifts” they do so as an investment and expect a return on that investment.
still haven't got a single vaccine, got covid twice.
I know a surprising number of people with heart conditions, after vaccines.
🤬
🤠💜
In your big names you left out the really problematic Gilead monopoly on HCVs treatments!
Li. Le. Lllll. Do. Ré. Ray. Mi. Me.
Really?? You talked soooo long about vaccines and the pandemic, and didn't mention the cuban case???
Big Norvara Media at it again
A lot of what they talk about is completely unsurprising.
One word that stood out, however, is perversion.
There's an unspoken motovation which drives a lot of human behaviour, and that is perversions, or at least the thrill of committing acts which contravene ethical or moral standards. This perversion is heavily tied to the feeling of power, and coupled with the dark triad/cluster B personality disorder prevalence in these fields, may explain why some actions by market or political actors are seemingly irrational or counter-intuitive.
It's all about profit. Follow the money.
Moving on from Oxycontin and merrily gliding past the China subject but not mentioning the opium wars? Hummm, very selective...
What is your t-shirt about? Marx?
HOLY shit while trying to make a critique of capitalism stifling medicine, you should probably consider checking your Eugenic philosophy first. Also millions of Americans are not “hooked” on painkillers, don’t demonize essential pain medicines because neoliberal privilege will take more than they need.
Mis G I V Fffffs
I wish Novara would stop trying to imitate traditional media presenters and outlets in the way they talk and present themselves. "Welcome to Downstream..." really? As in... "Welcome to HardTalk".. right? But why? I don't know why I am frustrated by this enough to comment, but I am. Also the phrasing of speech on Novara follow a common rhythm. It reminds me of the drones I am used to hearing on the BBC and Channel4 and ITV and makes me want to stop listening. Can you maybe just be people and speak naturally?
I love the fact that Novara let's me listen to people speak in a professional and journalistic tone without the neo-liberal (or neo-fascistic) baggage of msm.
Isn't it the content that matters, really ?
@@jessicahansen1288 "professional and journalistic tone" what does that even mean?
@@mary-gael7633 Yeah the content matters a lot which is why I am watching in the first place. I just find the presentation can be a turn off.
That's why governments need to pour a lot more money into pharma research, and insist on everything government-funded being public domain and patent-free. No other ways out of the capitalism trap that was slowing down science for decades.
The reality is that every innovation starts off with public funding but when success arrives, profits are kept for the shareholders. Welcome to the wonderful world of capitalism!
@@voulafisentzidis8830 not necessarily, and it is quite a bit more complicated than that. The biggest problem is that most of the pharna research is indeed private funded from the start, and this should have never happened.
Another issue is the journals, of course - no public funded research should ever be published in a paywalled journal. Open access only. We need laws to enforce this.
What innovation has been created in the past 50 years which didn't start with government funding?
@@voulafisentzidis8830 pretty much all of the drug discovery work is done fully private. There's very little drug discovery (both in silico and in vitro) that's done outside of private companies, mostly due to extremely high costs and low yield, and thanks to very poor understanding of the matter from those in charge.
Onbilical Cord. 🎵