Martin Shkreli Debates An 18 Year Old About The Price Hike (Archive cut)

**Nick** (0:00)
I didn't do any reading before. You know, they're probably... Hold on, real quick.

**Martin Shkreli** (0:04)
We can't talk at each other. You'll have your turn. You'll have your turn, I promise you.

**Nick** (0:08)
No, I'm gonna come over here and make my points, and then you can talk. No, no, no.

**SPEAKER_3** (0:11)
No, I think I'm gonna go first. You can go after.

**Nick** (0:16)
I mean, I'm excited to have you come after.

**SPEAKER_3** (0:17)
You can make your last few points.

**Nick** (0:19)
All you can do is make it... You can always make this... I'm gonna go first. Nick, how old are you, Nick?

**SPEAKER_3** (0:24)
What?

**Martin Shkreli** (0:25)
How old are you?

**Nick** (0:26)
18 years old.

**Martin Shkreli** (0:27)
The context is very important, okay?

**Nick** (0:30)
Sure, 17 years old, 18 years old, still have greater moral values, higher intelligence, and higher network.

**Martin Shkreli** (0:35)
The context, the context is very important. You think you have a higher... You think you have more wealth than me, is that right?

**Nick** (0:43)
I have a very high network, and it's a lot higher than yours, buddy. Anyway, you rode through the SEC highway, you're a scumbag, you're not very successful. Hold on, hold on, hold on.

**Martin Shkreli** (0:50)
Before you make your personal opinions.

**Nick** (0:54)
No, these aren't opinions, they're facts. What you've done is criminal.

**SPEAKER_3** (0:59)
That's great.

**Nick** (0:59)
Anyway, let me make my points. You will only spend your talk on this.

**Martin Shkreli** (1:02)
Hold on a second.

**SPEAKER_3** (1:04)
So you're the CEO...

**Nick** (1:04)
No, you're supposed to be... I come on your talk, so I'm going to talk, and I'm going to make some factual points.

**Martin Shkreli** (1:09)
You're not making points, you're making judgments.

**SPEAKER_3** (1:11)
You have to use what you make points.

**Nick** (1:12)
What you did, you purchased a drug that's already existed, you hiked the price up on it beyond measure. You didn't do that for your research purposes, you did that to make a profit. What's profit is an event. And when you're doing it at the expense of other people's lives, that's a critical mistake.

**Martin Shkreli** (1:26)
To have a conversation, you have to raise a point that has sort of philosophical room for debate. You're sort of stating things as if they're fact.

**Nick** (1:40)
No, it is fact. You bought a drug that already exists. You didn't do any research for that drug.
So, as a fact, there's nothing philosophical about that as a fact.

**Martin Shkreli** (1:51)
You have to tell me what's wrong with raising the price of a drug.

**Nick** (1:54)
Oh, there's nothing wrong with raising the price. But what you did do is you raised the price at the expense of other people's lives. Because what you did is you bought a drug that has no competition, and you knew there was no solution that was going to be developed in the next year, or whatever time it would take you to milk the profits, which would compete with that drug.

**Martin Shkreli** (2:10)
You started to tell me what was done wrong.

**Nick** (2:14)
Well, in that regard, you didn't do anything illegal.

**SPEAKER_3** (2:15)
What you did was morally wrong.

**Nick** (2:17)
But what you did was a legal, still have to tell me that's morally wrong, though.
Oh, there's nothing. I mean, I would say what you did is morally wrong because you're profiting off the lives of people and lack of research. There was no real research needed for you to purchase that drug. You took a drug that already existed. It already existed for many, many years.

**SPEAKER_3** (2:36)
I think people know what happened.

**Martin Shkreli** (2:38)
The question is, why do you think...

**Nick** (2:41)
You skewed what's happened. If people look at the facts, it's very clear to see that what you did is you bought a drug. It's been around for over 40 years, and you know that.

**Martin Shkreli** (2:48)
Do you agree or disagree?

**Nick** (2:49)
You know it's been around for more than...

**Martin Shkreli** (2:50)
Seventy-five years.

**Nick** (2:51)
Seventy-five years. You didn't do any research or have anything to do with how long this drug has been around.

**SPEAKER_3** (2:56)
No, someone else invented it before I was born.

**Martin Shkreli** (3:00)
What was that?

**SPEAKER_3** (3:00)
Someone invented it before I was born.

**Nick** (3:03)
Great. That's a great point.

**Martin Shkreli** (3:05)
And?

**Nick** (3:07)
And what you did was already a successful drug. If you wanted to do research in the society, if you wanted to do research for the benefit of the society...