World Economy

Wall Street Admits Curing Diseases Is Bad for Business

Curing existing patients also decreases the number of carriers able to transmit the virus to new patients.Curing existing patients also decreases the number of carriers able to transmit the virus to new patients.

Goldman Sachs has outdone itself this time. That’s saying a lot for an investment firm that both helped cause and then exploited a global economic meltdown, increasing its own wealth and power while helping to boot millions of Americans out of their homes.

But now Goldman Sachs is openly saying in financial reports that curing people of terrible diseases is not good for business, Truthdig reported.

In a recent report, a Goldman analyst asked clients: “Is curing patients a sustainable business model?” Salveen Richter wrote: “The potential to deliver ‘one-shot cures’ is one of the most attractive aspects of gene therapy. … However, such treatments offer a very different outlook with regard to recurring revenue versus chronic therapies. … While this proposition carries tremendous value for patients and society, it could represent a challenge for genome medicine developers looking for sustained cash flow.”

Yes, a Goldman analyst (unnamed) has said outright that curing people will hurt their cash flow. He said that in a note designed to steer clients away from investing in cures.

This analyst note is one of the best outright examples as how brutal the market economy is. In the past, this truth would not have been spoken. It would’ve lived deep within a banker’s soul and nowhere else. It would’ve been viewed as too repulsive for the wealthy elite to say, “We don’t want to cure diseases because that will be bad for our wallet. We want people to suffer for as long as possible. Every suffering human enriches us a little bit more.”

The world is beginning to see more and more how disgusting a profit-above-all-else economy really is. When US President Donald Trump bombed Syria, the stocks of weapons contractors shot up. That spike in stocks is a spike in the gravity of capitalism, pulling people toward death and destruction. Profit has power. And its power is exerted on the society as a whole.

The Goldman note gets even worse. The analyst says, “In the case of infectious diseases such as hepatitis C, curing existing patients also decreases the number of carriers able to transmit the virus to new patients. …”

A profit-driven world creates a disgusting reality with a contorted value system. A world where oil companies view oil spills that destroy whole coastal communities as the price of doing business. In fact, they even declare it’s good for the local economy.

A world where millions of animals abused for their entire lives is just the price of doing brunch. A world where massive hurricane destruction is a business opportunity rather than a tragedy.

And now corporations no longer fret over government interference—because they own the government.

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