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'Nationalising' tobacco - A possible policy to save millions

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'Nationalising' tobacco - A possible policy to save millions

July 01, 2006 Strategy and Policy by Hemant Goswami

Many found it an unusual conclusion (and some apparently radical) when speaking at the “Conference on Strategy Planning on Tobacco Control ” (in 2005) I suggested that “Nationalisation of the Tobacco Industry” is a possible solution to tackle the tobacco menace. Many jaws dropped and I could clearly see many mouths wide open on this suggestion; a few also labelled me as “Removed from the reality” and suggested me to become “Practical.”

Tags: Tobacco Industry, Tobacco, Strategy

Tobacco Facts

The tobacco industry is already paying a damage of over 250 billion US$ to all 50 states of US of A.

The Global Settlement Agreement was a first attempt at a settlement between the state attorneys general and the tobacco companies. The settlement included a payment by the companies of $365.5 million, agreement to possible Food and Drug Administration regulation under certain circumstances, and stronger warning labels and restrictions on advertising. In exchange the companies would be freed from class-action suits and litigation costs would be capped. The agreement was reworked and as a result the tobacco industry is paying nearly 250 billion US dollors in damages to all the 50 States of USA as agreed under the "Master Settlement Agreement."