Throughout our history we’ve seen these battle lines form before as the system balances out the inequities when things get out of control. But this time may be different then anything the country has experienced in the past. Several years ago we saw the right leaning Tea Party protests and now we see the left leaning Wall Street protests crying foul. Could it be that most Americans now agree that the country has lost its way and needs to take serious corrective steps to curb the abuses of Capitalism that holds many captive?
Earlier this week, the CBS evening news did a news piece on the FDA’s approval of the drug Colchicine. It seems this drug predates the FDA, thus it’s never been approved, but has been used for over 1,000 years to treat gout and inflammatory conditions. The pharmacy company URL Pharma decided it would take the ancient drug, generally sold for about 10 cents a pill, and attempt to get it approved by the FDA. Unlike most pharmaceutical companies that develop drugs from scratch and study patients for years, this company saw an opportunity to side step the traditional approach and in doing so the FDA granted URl exclusive right to sell the medicine. In the example used in the news segment a bottle of 60 pills prior to URL’s take over cost $34.83. A month later the price went to $306.90. The company expects sales to exceed $500 billion dollars.
That type of excessive greed is at the root of whats frustrated people, that along with CEO’s drawing salaries and benefits in the hundreds of million dollars. I don’t think the American people begrudge anyone from working hard and living the American Dream. But taking excessive advantage of the people and using the government to aid and abet is what drives us all a little crazy.
So despite my initial reluctance to support these protesters who have no one specific issue but varying concerns with anti-greed, I think it’s time for America’s course to be corrected and all roads appear to be converging as we head into the 2012 presidential campaigns.
Dan Alexander is publisher and CEO of Denton Publications. He can be reached at email@example.com.