- Joined
- 9 May 2020
- Messages
- 7,395
- Reaction score
- 136
- Country
It is the Covid vaccine that has brought the issue to everyone's attention.I read that article and was concerned until I started reading between the lines. This isn’t Covid vaccine hoarding or nationalism (which is the claim against the US and EU as well as the U.K.). It’s much broader and really, it’s about making medicine available to poorer nations.
It is the wider issue of patents and technologies that the industry are using to push back.
There is no reason why patents and technologies could be released for Covid vaccine, and retained for other vaccines and medicines.
But the wider moral issue, is why should rich countries be allowed to continue profiting from their investments long after their investment has been recouped.
Take the Covis vaccine as an example.
The prices are controlled during the pandemic. Rich countries have invested, and are buying all the vaccines at the reduced cost. US and UK are giving money to Covax, not vaccines. But poor countries cannot buy any vaccines, because they've all been bought by rich countries.
When poor countries will be able to buy vaccines, the price will have risen. They will have to buy their vaccines from the rich countries.
Those rich countries that control the supply and the price of the vaccine get their money back with profit.