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The Business of Healthcare

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The Business of Healthcare

America’s ailing healthcare industry requires more freedom, not less The state of California has lost more than 90 emergency rooms since 1990—and with them, the ability to treat hundreds of thousands of patients. In New York City, eight hospitals have shut down since 2003 after facing a financial crisis. To stay afloat, countless other hospitals […]

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The Profit Motive on Trial: A Look at the Famous Raymond Dirks Insider Trading Case

An article in the latest edition of the Undercurrent analyzes the moral arguments underlying insider trading laws. In this post, we recount a specific insider trading case from the early 1980s that revealed that it is indeed the profit motive that insider trading laws exist to penalize. Here’s the story: Ron Secrist, an employee at […]

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Praise Big Pharma

If you are sick, there is no better place and time to live than America in the 21st century. The past 50 years have witnessed an explosion of medical innovation in the West. Drugs have been developed to lower cholesterol, fight AIDS, and altogether eradicate some diseases. Pharmaceutical companies have invested, and are investing, tens […]

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Inside Insider Trading

A scientist working for a pharmaceutical company learns that after decades of research and development, she has succeeded in creating a drug that fights cancer. She wants to buy as much stock in her company as she can afford, knowing that her efforts will cause the stock price to sky-rocket. She wants to take full […]

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In Defense of Corporate America

To say “Corporate America” today is almost to say a dirty word. Corporations are viewed as organizations that systematically abuse consumers, fleece taxpayers, exploit employees, deceive investors, disrupt communities and poison the environment. CEOs and board members are portrayed as faceless men huddled in dark boardrooms, smoking cigars while colluding about how to redirect money […]