The current debate around coronavirus vaccine intellectual property is a great example of corporate solidarity. Business interests at large would benefit from sharing IP to end the pandemic as fast as possible. But virtually all corporations are silent or siding w the drug lobby.
The National Association of Manufacturers -- the lobby group that reps ExxonMobil, Toyota, Alcoa, etc -- opposes any IP exemptions to share vaccine patents globally, claiming doing so would "undermine innovation"
The U.S. Chamber of Commerce, the lobby group for hundreds of large corporations, similarly claims the proposal to share vaccine IP to end the pandemic "would distort trade" & "create an uneven playing field for innovative U.S. businesses."
Long delays in vaccinating developing and lower income countries will shrink the global economy by nearly $10 trillion, according to one estimate. Yet these business industry groups copy and paste whatever the drug lobby demands. Kind of incredible.
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