Drug exec: “is is a moral requirement to make money when you can”

A drug company CEO raised the price of an antibiotic 400%. He justified it by saying the following:

I think it is a moral requirement to make money when you can . . . to sell the product for the highest price . . . I agree with Martin Shkreli that when he raised the price of his drug he was within his rights because he had to reward his shareholders. If he’s the only one selling it, then he can make as much money as he can. This is a capitalist economy, and if you can’t make money, you can’t stay in business.

All y’all who think that you’re not paying for that 400% price increase because it’s not coming in the form of a tax increase don’t understand how economics work. All y’all who think nationalized healthcare is godless socialism are on this guy’s side. 
Craig Calcaterra

Craig is the author of the daily baseball (and other things) newsletter, Cup of Coffee. He writes about other things at Craigcalcaterra.com. He lives in New Albany, Ohio with his wife, two kids, and many cats.