I find it very hard to understand the mentality of people who look at a global pandemic in which millions are dying and say: how can I help powerful corporations make money from this?
And yet, this is exactly what leaders in the EU, US, UK & others have been doing.
These countries' leaders have been blocking wider vaccine production globally by obstructing the #TRIPSwaiver, a proposal at the WTO to temporarily waive some intellectual property rules for medical products.
This creates vaccine scarcity, which drives up prices for the corps.
They may try to fool themselves with nonsense arguments, like:
- Corps need to be incentivised, when in fact, it was billions in our taxes that incentivised them last time.
- The waiver would not instantly lead to new production, when that is in fact an argument against delay
But the truth is that the continued profits-first approach to the global pandemic by the EU, US, UK, Australia & others is nothing more than the most powerful helping the most powerful at the expense of the most powerless.
The profits-first approach to the global pandemic by the EU, US, UK, etc is not working for us.
Only about 3.6% of us have been fully vaccinated.
Some 70% need to be.
At this rate, it will take years.
And scarce vaccines mean low-income countries get little or nothing.
Read more about governments with a profits-first approach to the global pandemic that are blocking wider vaccine production:
The failing, profits-first approach to the global pandemic by the EU, US, UK, Australia, Japan, Switzerland & others creates huge windfalls for the pharma companies, but it's prolonging the pandemic for the rest of us. theguardian.com/business/2021/…
A policy of prolonging the pandemic means:
⬛️ Years of more death;
⬛️ Years of more economic disruption;
⬛️ Years of more opportunity for new variants to emerge that are more deadly, more virulent, and/or resistant to the current vaccines. oxfam.org/en/press-relea…
And that means you.
You.
Whoever you are, wherever you live.
You are put at greater risk by this failing, profits-first approach to the global pandemic by the EU, US, UK, Australia, etc.
Even if you're one of the lucky few who have been vaccinated.
The moral failure of governments in the EU, US, UK, Australia, Switzerland, Norway, Brazil, Japan, etc is horrific.
That it's also a practical failure - global vaccine rollout is too slow to work - only deepens the disaster.
Vaccine doses given globally so far (💉=500 million):
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Amount needed globally (assuming 70% fully vaccinated for herd immunity):
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Number given so far in low-income countries:
.
Vaccine rollout is too slow & too uneven.
The key reason vaccine rollout is slow & uneven is the shortage of vaccine doses. Not enough are being produced, so rich countries have been fighting each other over scarce supplies, while low income countries beg for scraps and get little or nothing. nytimes.com/interactive/20…
The rich countries fighting each other over scarce supplies - EU, US, UK, etc - are the very same countries that are creating global vaccine scarcity in the first place.
They are literally blocking wider production of vaccines globally by obstructing the #TRIPSwaiver at the WTO
Despite global vaccine shortages, the EU, US, UK and other rich governments continue to block wider vaccine production globally by obstructing the #TRIPSwaiver at the WTO.
But pressure on these governments to stop prioritizing pharma company profits over human lives is growing.
Media attention is only growing...
The flagship @BBCNewsnight had an excellent long piece on the issue at the end of last week:
Even major media outlets that you might generally expect to lean toward the companies' view are producing excellent reporting highlighting the problem.
The EU, UK, US, and others have for months been blocking wider vaccine production globally by obstructing the #TRIPSwaiver at the World Trade Organization.
They are trying to fight a global pandemic while deliberately limiting vaccine supplies.
Madness.
Only 2.7% of the world is fully vaccinated;
83% of shots administered in high- & upper-middle-income countries;
Only 0.2% in low-income ones.
Too slow. Too uneven.
We need to beat vaccine scarcity with greater production.