Reasonably Happy with Paul Ollinger

Opioids: Greed, Death, and $$$$ with Barry Meier (Encore)


Listen Later

The new Netflix series Painkiller is based on a book my guest, Barry Meier wrote over 20 years ago. In Pain Killer: An Empire of Deceit and the Origin of America's Opioid Epidemic, Meier explores how Purdue Pharma’s drug OxyContin catalyzed a plague of addiction and death that has destroyed families and whole communities across the country.


Between 1999 and 2020, 564,000 Americans died from an opioid overdose. In 2020, the most recent year for which statistics are available, opioids killed 68,000. That's 188 per day and each one of these deaths represents a son or daughter, a brother or sister or a mother or father, who is not coming back. Yes, people died of opioid overdoses before the 1996 launch of OxyContin, but it’s clear that Oxy and Purdue Pharma’s aggressive and deceptive marketing practices threw gasoline on a spark that has turned into a raging wildfire. 


In our conversation today, Barry and I discuss the Sackler family's legacy of ethically dubious marketing of pharmaceuticals and how they made tens of billions of dollars selling OxyContin using the same techniques, like pushing free samples, while knowing that the drug was quite addictive. We discuss how and why the FDA approved claims that OxyContin was less prone to addiction in the complete absence of evidence proving that it actually was. And lastly, we discuss the extent to which OxyContin kicked off this opioid epidemic for which there is no clear way out.


The Netflix series stars Matthew Broderick, Taylor Kitsch, and Uzo Aduba and is very well done.


✍️Get Paul’s Substack newsletter here.✍️

🔥Follow Paul on Instagram. 🔥


Visit Barry’s website

Buy the book here

...more
View all episodesView all episodes
Download on the App Store

Reasonably Happy with Paul OllingerBy Paul Ollinger

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

437 ratings


More shows like Reasonably Happy with Paul Ollinger

View all
Afford Anything by Paula Pant | Cumulus Podcast Network

Afford Anything

3,549 Listeners

Money Guy Show by Brian Preston and Bo Hanson

Money Guy Show

3,219 Listeners

The Stacking Benjamins Show by StackingBenjamins.com | Cumulus Podcast Network

The Stacking Benjamins Show

1,978 Listeners

Financial Independence Podcast by The Mad Fientist

Financial Independence Podcast

1,657 Listeners

ChooseFI by ChooseFI

ChooseFI

5,138 Listeners

BiggerPockets Money Podcast by BiggerPockets

BiggerPockets Money Podcast

3,082 Listeners

How to Money by iHeartPodcasts

How to Money

3,164 Listeners

Bogleheads On Investing Podcast by bogleheads

Bogleheads On Investing Podcast

625 Listeners

Earn & Invest by Jordan Grumet (Doc G)

Earn & Invest

453 Listeners

The Long View by Morningstar

The Long View

919 Listeners

All the Hacks: Money, Points & Life by Chris Hutchins

All the Hacks: Money, Points & Life

1,611 Listeners

Mile High FI Podcast by Doug Cunnington & Carl Jensen

Mile High FI Podcast

202 Listeners

Money For Couples with Ramit Sethi by Ramit Sethi

Money For Couples with Ramit Sethi

3,430 Listeners

Retire With Style by Wade Pfau & Alex Murguia

Retire With Style

184 Listeners

Catching Up to FI by Bill Yount & Jackie Cummings Koski

Catching Up to FI

357 Listeners