THREAD - On the dangerous Indian free market approach to vaccination 1. This is about the wishful fantasies of free market warriors about vaccines, who welcome SSI’s decision on a three-tier price structure - 150/dose for Centre, 400 for states and 600 for pet hospitals.
2. First and foremost, this is by no means a “free market” for vaccines. There is heavy intervention by way at every stage, including in development of the vaccine, its distribution and lastly in terms of orders placed, which made production possible in the first place.
3. IOWs SSI or BB cannot by any means plug the familiar claim that they have developed and therefore need to be compensated. More imp, the vaccine is unlike any other “good” - it is a matter of life and death for all, irrespective of the purchasing power of the “consumer”.
4. But even more importantly, the vaccine needs to reach as the MAXIMUM number of people in the QUCIKEST possible time. ALL OUR LIVES depend on that, even of those middle class warriors who claim thay they are “willing to pay” for it.
5. Thus, those who fall through the gaps in the three layers of prices set by the vaccine producers, simply because they are unable to pay, do not risk their own lives but endanger public health. Crucially, this would happen not because of their egregious conduct but BECAUSE of..
5a) the NaMo Govt’s latest move to give a free pass to these companies.
6. The free market warriors who seem to naively believe that the “market” will address the shortages “efficiently” are just peddling snake oil economics. The logic is that higher prices in shortage-hit areas would “solve” the problem is not just naive economics, it is +vely....
6a) dangerous from a public health standpoint.
7. Take a real example. Vaccination rates are among the lowest in UP and Bihar, two states that are also extremely poor. Can it be anyone’s sane contention the new pricing formula will ensure that vaccines will flow towards these “deficit” areas? But the problem is even bigger.
8. States/regions deprived of vaccines in the days and months ahead will ot only harbour and facilitate the spread of the Covid virus and its mutant strains but also act as a reservoir for fresh infections COUNTRYWIDE in the future...
8a) Notice that these regions are also places in which India’s desperately poor migrant labour force come from.
9. The NaMo regime’s track record in dealing with States does not inspire confidence. It has been utterly opaque about the data on how it has distributed vaccines to states - what normative standards and yardsticks it has adopted, what criteria it has chosen and why.
10. There is a real danger that the naMo Govt will use the pandemic and the vaccine as a stick to beat the States - especially those it regards as “opponents”. The public health consequences can only be tragic.
11. There is a real danger that the NaMo Govt will use the pandemic and the vaccine as a stick to beat the States - especially those it regards as “opponents”. The public health consequences can only be tragic.
12. There is little doubt that Indian vaccine prices are too high for its people - no amount of parading of prices in other countries will do because prices have to be seen relative to incomes. Amusing that economists/journos who otherwise use sophisticated methods, refuse to see
13. The Indian vaccine drive, hobbled for some time by hesitancy — attributable to the NaMo regime’s utterly opaque approach — was just beginning to gather momentum before it slackened ironically during the Tika Utsav. This move is going to set it back even more.
14. India is an outlier in the way it has gone about its vaccination drive. To my mind there is not a single vaccinating country that has chosen to adopt this novel free market approach. We stand alone in the comity of nations fighting the pandemic - tragically unique.
THREAD On the latest announcement on vaccines - 1. A disastrous course that will deter adoption, increase hesitancy and drive prices out of the reach of beleaguered states and people who need it most. All in the name of being market friendly
2. Did you notice the main ploy in the Phase 3 is that half the supplies will be based on market prices, delivered to state governments? The Centre will get the other half of the supplies at the fixed rate contract, leaving the other half for private profit gouging.
3. This will significantly depress vaccine adoption, especially among the high-risk groups. This also worsens India's vaccine problem by adding another dimension.
This petition by entities @thewire_in@thenewsminute among others only confirmed my suspicion that the indian legacy media would never fight to stay relevant in the digital realm that is free from Govt control. livelaw.in/top-stories/th…
Its grudging challenge to the draconian IT Rules reveals the truth that it'd be more interested in desperately defending its turf rather than seek embrace the digital realm. This which requires it to abandon its existing business model in favour of something that is democratic.
Seeking subscribers (paid) while retaining its ad-driven model is a hare-brained idea for legacy media. When will they ever learn that the two - ad-driven vs subscriber-based - are incompatible and require a fundamental repositioning.
Thread:
Once upon a time auto companies (among others) used to hire workers as trainees, and keep them as trainees for prolonged periods in order to avoid paying them proper wages and statutory benefits. Now media companies, among them industry leaders do the same.
Since the pandemic several leading media companies, after having sacked journos and imposed wage cuts, have found been innovative in finding new ways to further cut the wage bill. The trick is to engage new journos and take them as "trainees".
The trick is to extend and prolong the trainee's "contract" so that the media companies - many of them the venerable ones from another era - can shortchange these young journos during the pandemic.
Frontline’s latest issue has a comprehensive package of five stories on the budget, each focusing on a particular aspect. @sritara reckons this is the most socially disruptive and divisive budget in the last three decades frontline.thehindu.com/economy/union-…
@ramakumarr argues that the budget, coming as it does in the midst of unprecedented protests by peasants, mocks them and threatens to squeeze their incomes even more
A recent NBER research paper by three Indian-origin authors debunks NaMO Govt's claims of success in handling the pandemic. It shows how the Case Fatality Rate in India, when adjusted for age, in unconscionably high.
Recall that Covid was always supposed to be a disease in which fatalities among the elderly was higher. Given that India is a relatively "young" country, the expectation (statistically speaking) is that overall fatalities would be lower because of the relatively young population.
The study reveals that when adjusted for age distribution in the population, the CFR in India is far higher. It also attempts to examine CFR in terms of the viral disease's lagged effect, considering the incubation period.
And, now comes a shocker of the treatment of a 58-yr old employee of a Chennai-based media company who has worked for almost 30 years. Informed on the phone that the company's retirement age has been reduced from 60 to 58. In good faith he accepted, and resigned! Questions abound
How could a company reduce the retirement age overnight, without notice? How could the retirement age, fixed by a tripartite agreement including the TN Govt many years ago, be reduced uniliaterally, by one party?
This person had in fact, crossed the age of 58, and so assumed that his time was up. Clearly this amounts to forcing a person out by means of false information. That a media company can run it like a lala ka dukan says much about the nature of media ownership in India.