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In a startlingly frank admission of the failure of their capitalist business model, a collection of some of the world's largest pharmaceutical companies said they need incentives to develop antibiotics to fight 'superbugs'. Apparently the giveaways that are being promoted in the TPP like longer patent lifetimes and the ability to sue governments that do anything to interfere with their profits is no longer enough for multinational corporations. They need direct cash infusion now. One line in this story is particularly interesting. Not only does it indicate where the drug companies focus their efforts. It also indicates why there is no incentive (and in fact powerful financial disincentives) to cure any chronic condition or disease, ever. This case illustrates a problem that plagues not only the drug industry but the whole medical industry, the crime industry, the military industry, the insurance industry and every other industry ever created to address problems. These huge industries become dependent on the problems they were created to address. If those problems ever disappear or even are significantly diminished, it will threaten the salaries of powerful people. And so the last thing these industries want is for those problems to go away.
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