Sunday, 13 December 2020
Vaccines, profit and the story less told
There seems to be rare mainstream media consensus once again, as in some times past, that government deficits are ok in times of national emergency like COVID-19, but one key part of Canada's vaccine purchase story that receives no media covergage is that to get the vaccine millions of dollars, including their hefty profit margin, will be paid to pharamaceurical giants like Pfizer. In effect we are seing another example of public subsidies to private enterprise like the bailout to big business during the financial collapse of 2008. Here's TorontotheBetter's position: if we want to prepare for the next pandemic and save on expenditures at the same time, hmve the public take an ownership stake in big pharma, already massively subsidized in various ways, or, better, nationalize the sector. Privzte pofit and healthcare investment are opposites. We must hold private enterprise and invention structurally accountable, in the spirit of the great Marie Curie, discoverer of radium, who donated her ideas freely to the public domain.
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