“No,” said a third student. “Novartis is a public company. It’s not the boss or the board who decides. It’s the shareholders. If the board changes its priorities the shareholders will just elect a new board.” “That’s right,” I said. “It’s the shareholders who want this company to spend their money on researching rich people’s illnesses. That’s how they get a good return on their shares.” So there’s nothing wrong with the employees, the boss, or the board, then. “Now, the question is”—I looked at the student who had first suggested the face punching—“who owns the shares in these big pharmaceutical companies?” “Well, it’s the rich.” He shrugged. “No. It’s actually interesting because pharmaceutical shares are very stable. When the stock market goes up and down, or oil prices go up and down, pharma shares keep giving a pretty steady return. Many other kinds of companies’ shares follow the economy—they do better or worse as people go on spending sprees or cut back—but the cancer patients always need treatment. So who owns the shares in these stable companies?” My young audience looked back at me, their faces like one big question mark. “It’s retirement funds.” Silence. “So maybe I don’t have to do any punching, because I will not meet the shareholders. But you will. This weekend, go visit your grandma and punch her in the face. If you feel you need someone to blame and punish, it’s the seniors and their greedy need for stable stocks.”
― Factfulness: Ten Reasons We're Wrong About the World—and Why Things Are Better Than You Think
― Factfulness: Ten Reasons We're Wrong About the World—and Why Things Are Better Than You Think
“The macho values that are found today in many Asian and African countries, these are not Asian values, or African values. They are not Muslim values. They are not Eastern values. They are patriarchal values like those found in Sweden only 60 years ago, and with social and economic progress they will vanish, just as they did in Sweden. They are not unchangeable.”
― Factfulness: Ten Reasons We're Wrong About The World - And Why Things Are Better Than You Think
― Factfulness: Ten Reasons We're Wrong About The World - And Why Things Are Better Than You Think
“we don’t know the truth. And the truth couldn’t care less about what we want to believe.”
― The Thinnest Air
― The Thinnest Air
“Monsters are real. They’re real, and they’re capable of doing the unspeakable. And they don’t hide under beds or in closets—they hide in plain sight. You just don’t always notice them.”
― The Thinnest Air
― The Thinnest Air
“here’s the paradox: the image of a dangerous world has never been broadcast more effectively than it is now, while the world has never been less violent and more safe.”
― Factfulness: Ten Reasons We're Wrong About the World—and Why Things Are Better Than You Think
― Factfulness: Ten Reasons We're Wrong About the World—and Why Things Are Better Than You Think
Fandi’s 2025 Year in Books
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