Our Political Leaders Fiddle the BigPharma Tune

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Most of our European political rulers enthusiastically fiddle the BigPharma tune. Listed bottom-up, in their opposition to the financial BigPharma interests, we have:

Emmanuel Macron (France)

Pedro Sanchez (Spain)

Ursula von der Leyen (EU Commission)

Angela Merkel (Germany)

Mark Rutte (Netherlands)

Alexander de Croo (Belgium)



 

These politicians score negatively on the opposition scale. Among the positively scoring European political leaders, we have:

Giuseppe Conte (Italy)

Boris Johnson (UK)

Simonetta Sommaruga (CH)

Andrzej Duda (Poland)

Micheál Martin (Ireland)

Sebastian Kurz (Austria)



What exactly are these Big Pharmaceutical companies? In order of market value (aka market capitalization, or the share value multiplied by the number of shares on the market):



Johnson & Johnson (US$369 billion) USA

Roche Holding (US$289 billion) CH

Novartis (US$219 billion) CH

Merck ($208 billion) USA

Pfizer (US$200  billion) USA

Amgen ($134 billion) USA

 

And how did the Dow Jones Industrial Average perform? It is but 1.1% higher than January 1st (against an expected rise of 30%), due to the draconian Corona measures. Among the 30 companies, three pharmaceutical giants (Amgen, Johnson & Johnson, and Merck) account for 11.3% of the weight: without them, the Dow Jones index would not even have reached the level of January 1st.

 

Dow Jones (purple), S&P 500 (orange), and Nasdaq (blue)



So why are the above-mentioned politicians doing a bad job? Apart from the Swiss, who have two pharmaceutical giants in the global top 4, other European countries hardly make money on corona. The French Sanofi has a market value of $120 billion (but is stationary since 2013). The English AstroZeneca has a market value of $133 billion (comparable to Amgen), and GlaxoSmithKline $92 billion. The German BioNTech has a market value of $25 billion, and a good deal with Pfizer. The Italian Menarini has a market value of $19 billion. Likewise, all other European countries earn their tiny part with the corona hoax, which is but a fraction of the GDP losses due to overstretched corona restrictions. Our political leaders fiddle the BigPharma-tune (scaring people to have them use a vaccine which, in the best of scenarios, does not harm), and do not even get paid for it (apart from Sanchez and Macron, I believe the rest of them are average-honorable people).

Finally, I would like to add an overview of the unemployment data. I retrieved them from the OECD. Fine graphs, sure, but they have the nasty, unscientific habit of cutting their y-axes, thus producing a biased view of otherwise correctly displayed data.

 

Unemployment percentages from October 2012 to October 2020
in the US (purple), Sweden (red), France (dark green), Germany (blue), and the UK (light green)



Germany and the UK have by far the lowest unemployment rates. France and Sweden are significantly higher, with France displaying a clear downward trend and no Covid-impact on their unemployment rates. The USA did worst, but they are more likely to recover faster than European countries.