Goldman Sachs report: “Is curing patients a sustainable business model?” / Boing Boing
The authors were apparently spooked by the tale of Gilead Sciences, who developed a Hepatitis C therapy that is more than 90% effective, making $12.5B in 2015 – the year of the therapy’s release – a number that fell to $4B this year. The analysts are making a commonsense observation: capitalism is incompatible with human flourishing. Markets will not, on their own, fund profoundly effective cures for diseases that destroy our lives and families. This is a very strong argument for heavily taxing the profits of pharma companies’ investors and other one percenters, and then turning the money over to publicly funded scientific research that eschews all patents, and which is made available for free under the terms of the Access To Medicines treaty, whereby any country that devotes a set fraction of its GDP to pharma research gets free access to the fruits of all the other national signatories. If there’s one thing that challenges the extreme libertarian conception of owing nothing to your neighbor save the equilibrium established by your mutual selfishness, it’s epidemiology.
Your right to swing your fist ends where it connects with my nose; your right to create or sustain reservoirs of pathogens that will likely kill some or all of your neighbors is likewise subject to their willingness to tolerate your recklessness. Hawaii’s Kilauea volcano has been spewing hypnotic blue flames thanks to the burning brimstone. It’s rarely in the papers, but thanks to a weeping Mary statue at Our Lady of Guadalupe Catholic Church, it’s become international news. With Mini Materials Miniature Cinder Blocks, you can take some time for yourself and decompress by turning your desk into a miniature construction site. They’re available today in the Boing Boing Store for $22.49.
This Emergency Multi-Function Radio & Flashlight takes the utility of the tried-and-true radio and combines it with a powerful flashlight and self-sufficient energy system.
In Defense of Compassionate Capitalism
In it, he argues that compassionate capitalism is not a viable path and that the worlds of business and social good should be separate. As someone who has run a for-profit, social venture for the last seven years where the societal good is baked directly into the product, I can assure you that the TOMS one-for-one model does not represent the entirety of the compassionate capitalism movement. While Wallach may have some legitimate concerns with the TOMS model, throwing the baby out with the bathwater is not the solution. If Mother Teresa is generating an abundance of societal good in the world, then let her drive as many Ferraris as she wants. They tackle the world’s biggest problems, like healthcare, hunger and global warming, and they use technology to figure out how to solve these problems at scale.
Holmes is the 31-year-old founder of Theranos, a blood testing company based out of California. After her uncle died of cancer that was caught too late, Holmes dropped out of Stanford in 2003 determined to find a way to detect diseases earlier. Today her company is worth $9 Billion and she is the world’s youngest self-made woman billionaire with a networth of $4.5 Billion. THIS is compassionate capitalism at it’s finest. As Dan Pallotta eloquently explained in his 2013 TED talk, the existing non-profit model - the Wallach model, is dead.
The Holmes model is the model of the future. My Own Experience With Compassionate CapitalismHaving started one of the first startups in Chicago to have success with a compassionate capitalism model, my co-founder, Desiree Vargas Wrigley and I have faced a continuous uphill battle trying to convince the D.A. Wallachs of the world that this new paradigm works. To me, this is an unqualified and resounding win for compassionate capitalism.
Compassionate Capitalism With David Meltzer
You’re one of those people that every time I’m with I feel like I’m at home. Part of the reason people are so curious about other people’s pivots is that the word pivot has a connotation of something went wrong and something went bust. One of the most famous pivots that I sometimes share with people that people don’t know is that YouTube was originally a video dating site. Sometimes we didn’t have food, but the only time there was any awareness of unhappiness in my home was when I’d catch my mom crying because the car broke down or the dishwasher didn’t work or she couldn’t afford me to go to a camp and she was worried about how she was going to pay for college with all these bright children. I’m going to be rich because when I graduate law school from Tulane and I studied really hard, top of my class, I had two job offers.
That’s my first prayer every day, that God put ten people in front of me I can help. Most people go the whole day and they don’t get the car back to center where you can just have one finger on it. For a lot of people, it’s really important what you’re talking about, something that’s pragmatic in the spiritual realm. We’re getting into some fun things here with people who visit. Most people are not making time for themselves and for their own self-care.
I’m going to ask you the final question, David. You can get there by going to PivotFB.com, a really simple shortcut to get to that spot.