Merck Hit List Shows Us the Face of Crony Capitalism

The Merck hit list story shows us how crony capitalism degrades business. The new way of succeeding in business is to get in bed with government. Then you have a textbook “protection racket” to continue growing, and lock-out competition. According to CBS Market Watch, “Merck Created Hit List to ‘Destroy,’ ‘Neutralize,’ or ‘Discredit’ Dissenting Doctors.” Merck made a “hit list” of doctors who criticized Vioxx, according to testimony in a Vioxx class action case in Australia. Read more […]