Martin Shkreli is not the problem. The fact that a company like Turing Pharmaceuticals can exist is the problem.

It’s sad that we live in a society where someone can create a fictitious company name on a pile of paper, and then do this to other people (rob them).

NathanLents.com

Martin Shkreli was arrested today. Yay! The whole world will (rightly) cheer. Call it karma, call it “getting his,” call it “reaping what you sow,” call it “justice.”

However, keep in mind that he wasn’t arrested for anything to do with drug pricing or the shady business practices of Turing Pharmaceuticals. Turing Pharmaceuticals, and “companies” like it will continue to exist. And that is the real problem.

2-weeks-after-controversial-pharma-ceo-martin-shkreli-announced-he-would-lower-the-price-of-daraprim-its-the-exact-same-price

When Turing announced its price hike of Daraprim from $13.50 to $750/pill, the world reacted with horror and Shkreli quickly became the most hated man in the world. Daraprim is a life-saving medication for people suffering from toxoplasmosis, caused by a rare parasite affecting mostly those with compromised immune systems. In addition to the price hike, Turing made the drug available only at their specified pharmacy (Walgreen’s) for outpatients.

Turing and Shkreli were caught completely off-guard by the outrage. Shkreli tried to explain that…

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