Moderna accepted $2.5 billion in taxpayer money to develop its Covid-19 vaccine. But as the world faces a dire vaccine shortage, U.S. and overseas officials are having trouble persuading the company to license its technology.
A meeting of the World Trade Organization’s intellectual property council ended Thursday without action on a proposal to suspend patent rights on COVID-19 vaccines. The United Kingdom and some wealthy European Union nations, led by Germany, continue to oppose a patent waiver, which was first proposed over a year ago by India and South Africa and backed by over 100 WTO member nations. Since then, the world has recorded over 3.8 million COVID-19 deaths.
Rich nations' refusal to take on the pharmaceutical industry could “prolong the pandemic indefinitely”
J&J rang up $502 million in sales from its COVID-19 vaccine in the third quarter after pulling in $264 million during the first half of 2021.
Vaccine inequity is the ignominy of our times Where extreme poverty is abundant, vaccines are most scarce The pandemic by income classificationGlobal vaccination has been highly regressive. The extremely poor are also extremely poorly vaccinated. The huge inequality we currently observe is an inequity that may eventually backfire epidemiologically, socially and economically. The regressive pattern of vaccination enhances the risk of the development of more dangerous variants and by doing that it risks exacerbating the direct and indirect effects of the health emergency on social and economic outcomes either through domestic or cross-border channels.
The reprehensible apathy of the capitalists will prove to be a crucial nail in their coffin their blind reckless obsession with testing the limits of how terrible they can make the world without sparking violent unrest will be their undoing they're convinced it can't happen that they can treat the planet however cruelly they please with no repercussions but they've forgotten that what goes around always comes back around to bite you in the ass.
Patents, and intellectual property in general are legal fictions that are anti-capitalist in nature.
The idea no doubt seemed sound at the beginning, "we shouldn't allow just anyone to profit off another person's ideas, there ought to be a law." They may have even helped spur creativity for a time.
Now those laws are restricting access to lifesaving treatments.
Anticapitalists blame all thier own failures on the opposition. It's propaganda to confuse people. Many people simply shout "capitalism" like trained parrots when they see greed and expoitation.
The price of insulin is artificially high because the FDA is so strict about who can provide treatment and how. They do this to protect corporate profits, not the public. Biologic medications like insulin get additional "protection" as the FDA doesn't recognize "generic" versions. They're dubbed "biosimmilars" and treated like brand new drugs.
People who are convinced "capitalism" is the problem are feet away from the north pole, but absolutely certain that they've traveled too far south.
You're insane.
Intellectual property law is literally a key pillar of modern capitalism you don't get to just divorce it from the capitalist system because the reality is distastefully in conflict with the perfection of your internal fantasy.
The very concept of private property central to your beloved is a legal fiction enforced by the threat of violence from the state in addition all social rules are artificially constructed fictions which exists because we agree to follow them so when you make this point you say nothing besides the fact that what is is negotiable.
Corporations are the final product of capitalist development its unavoidable zenith point they're giant accumulations of capital who've grown to wield a monopoly on the market and a stranglehold on state power this is where your lovely delusion of free enterprise was always taking you straight to hell.
The facts are the socialized production of larger scale enterprises is more profitable than that of smaller competitors big fish eats little fish your solution is to tear apart the big fish but one of the other little fish will always grow up to be a big one and devour all the others in the school we need structural modification to abolish capitalism to solve this problem.
No one else is a victim of propaganda here besides you who has been taught by our very own capitalist ministry of truth to confuse slavery for freedom and so balk in confusion when you look at where you've been told you should find prosperity and a functional system and discover only suffering and corrupt chaos and in your inability to reconcile actual reality with your internalized narratives about what's true you reject the facts like a poison since they would dissolve your entire worldview and leave you lost and disillusioned if you accepted them.
You've been given the brain scramblies extremely hard your mind is totally fried and full of misinformation. You've been successfully trained by the propaganda of the capitalist order to blame all of it's faults on violations of the sacred principles of your platonic ideal of what capitalism should be which is not present outside of the confines of your head.
Greed and exploitation are the primary drivers of productive activity under capitalism that's the main lever for motion is the profit motive itself you must gather deposits of capital which can only be done by the extraction of surplus value from the unpaid labor of the workers actually producing the goods. What you're doing is the absurdity of attack people for properly recognizing failures of capitalism when they see them.
You're quite correct FDA regulations protect the profits of the pharmaceutical industry by prohibiting nonpatent holders from manufacturing life saving vaccines but this is a situation which has arisen as a consequence of the historical development of capitalism not as an anomalous deviation from it.
Your mistake is you treat the state and the mode of production it oversees like two seperate phenomenon instead of as an integral whole there would be no capitalism at all without the capitalist state to defend its rules. You can't abstract capitalism from government regulations and treat the later like a flaw when it's exactly the ruling capitalist class which made those laws to serve their interests as capitalists.
Capitalism is the problem we anticapitalists know right where we are it's you who has the broken compass and confuses good and evil its not even your fault you've been programmed to by the ruling order your very identity is a product of your life experiences in the propaganda stream of this system and who they've taught you to be. Evil survives most effectively by convincing you it is good and good is actually evil.