Big Tobacco influencing governments’ tobacco policy

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This 2017 video says about itself:

3 June 2017

Smoking kills. So if you’re in an industry where your product is damaging the health of people who buy it and they know it, then you should in theory go out of business. But shares in companies listed in the Bloomberg tobacco producers index have risen 351% since 2009, making it one of the best investments of the past decade.

Graphic warning labels and taxes seem to have some impact on reducing the number of smokers but less so on industry profits which keep rising. And investors can’t quit buying the stocks because operating profits continue to go up.

Different tax regimes around the world mostly account for the difference in price. But governments are not as hooked as the consumers who buy cigarettes. Consumers cough up for higher prices because they crave the drug in tobacco – nicotine. Without nicotine, addiction there would be no tobacco industry.

Translated from Dutch NOS TV today:

How the tobacco industry ‘extends its tentacles all over the government‘

…

Marc Willemsen, professor … at the University of Maastricht names, eg, an employers’ organization such as VNO-NCW [the biggest bosses’ organisation speaking for many types of industries]. “It represents strongly the interests of the tobacco industry.” …

That lobbying is done at national politics in The Hague, but also at European Union level. An internal document of Philip Morris mentioned about hundreds of MEPs which lobbying techniques they were sensitive to, revealed TV program Radar Extra in December 2017.

Tobacco giants such as Philip Morris also make funds available for research.

Philip Morris tobacco and Dutch Bergen op Zoom local authority: here.

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