After 18 years in operation, after a federal law mandating that hospitals work to prevent needle-stick, and after two successful lawsuits resulting in BD paying more than $400 million for violating anti-monopoly statutes, Retractable Technologies made only $34 million in global sales last year. BD, with an inferior, more expensive product, sold $8.4 billion, the payouts to its competitor serving only as the cost of doing business. In 2000, the Centers for Disease Control estimated 380,000 needle-sticks at hospitals every year. Today, they estimate 385,000. “You turn on the TV and watch politicians talk about unleashing the power of the free market, that’s absurd,” Shaw says. “The American public is being denied a free market, being denied competition.”We need a new antitrust for a new predatory era.
It has been said in half-jest that Pepsi was the official soda of the Cold War. Vice President Richard Nixon shared a Pepsi with Soviet Russia's Premier, Nikita Khrushchev, at the opening of the "American National Exhibition" in Moscow on July 24, 1959, after the famous "Kitchen Debate" (CBS newscast on Archive.org; transcript with two photos from the day). But how was it that Pepsi was the only Western soda-pop available there that day? Look to Donald Kendall, a long-time pal of Richard Nixon, who starting out in 1947 selling fountain syrup in New York, and rose through the ranks to be President of Pepsi Cola International by 1957. [more inside]