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16 June 2021

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G7 vaccine promises fall short

Make vaccine technology public, nationalise big-pharma

  (Click to enlarge)

Alex Smith, Liverpool Socialist Party

G7 leaders have pledged to donate 1 billion doses of coronavirus vaccine to poorer countries by the end of 2022. Boris Johnson's Tory government, for its part, has pledged 100 million doses.

The scale of these proposals does not rise to the level of an insult, and that is if they keep their promises!

World Health Organisation (WHO) research shows that it would take 11 billion doses - more than ten times what G7 leaders are proposing - to provide 70% of the world's adult population with two doses each. Even more vaccines would be required if countries begin vaccinating children as well. The head of the United Nations, Antonio Guterres, stated bluntly: "We need more than that".

Despite the immediate need for vaccines, of the 100 million doses Johnson has pledged, his government intends to provide no more than five million by the end of September, 25 million by the end of 2021, and the remainder in 2022. This is in spite of the fact that the UK could donate 20% of its available vaccines right now and still hit its domestic targets!

Following the announcement of the G7 proposal, the WHO's director-general, Dr Tedros Adhanom Ghebreyesus, reiterated that a waiver of the intellectual property rights underpinning vaccines is "essential" to achieve their target of vaccinating 70 per cent of the world's population by next year's G7 summit. He added: "The [pharma companies] should not be going for high profits."

Ghebreyesus' demand follows recent Oxfam research suggesting that developing countries could be vaccinated against Covid-19 at a cost of just 4.6 billion if pharmaceutical companies waive their intellectual property rights.

Estimates put the cost at ten times that amount without a waiver, with the extra money going straight into shareholders' pockets.

The chief executives of Moderna and BioNTech have reportedly increased their wealth by at least 4 billion each in 2020, despite the research and development of the vaccines being heavily state-subsidised.

It is precisely because patent monopolies are so profitable for pharma companies that waivers will not be yielded without a fight.

The current opposition of the British and German governments to the WHO's modest waiver demand demonstrates this, and shows how sick the capitalist system is.

Society has the resources, both financial and technological, to defeat the Covid-19 pandemic. But under capitalism these vast resources are owned by a tiny elite, and their profits are prioritised over people's health.

That's why it's vital that large pharmaceutical companies are nationalised under democratic worker's control, so that vaccine science can be shared with the primary purpose of helping people not making profit, and the production of vaccines can be democratically planned to meet the needs of all.

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The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

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In The Socialist 16 June 2021:


Trade unions and workplace

Left candidate needed for Unite general secretary election

Majority of BFAWU members vote to break from Labour

Right lose control in Unison NEC election

Sparks win victory!

Engineers in fourth week of strike action against huge fire-and-rehire attacks

Leicester University workers strike against redundancies

PCS conference 2021: Divide between union leaders and rank-and-file exposed

Socialist Party to the fore at Unison LG conference

Redbridge school walkout over victimised union rep


NHS

Underpaid and overworked - NHS workers say: 'Enough is enough'

Now is the time to fight for the NHS

Save Leicester General Hospital


International news

Will Biden's new foreign policy change the direction of US imperialism?

Tamil Solidarity asylum victory

Who represents the Palestinians?

International solidarity protests


News

Make vaccine technology public, nationalise big-pharma

Schools need resources to tackle 'routine' sexual harassment

Neonatal leave introduced: Unions must fight for extensions and full pay

Beth Roper inquest: Train company failures ignored

Birmingham Clean Air Zone a tax on the poor

Johnson's G7 hypocrisy

Pandemic homeless


Campaigns and party news

Enfield byelection: We need councillors prepared to resist

Queues at Socialist Party stall in Cov

National finance meeting


Readers' opinion

Women's health matters

Books that inspired me: The Ragged-Trousered Philanthropists

Readers' comments


 

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Related links:

Vaccine:

triangleSacking non-vaccinated care workers will not save lives

triangleReaders' comments

triangleCapitalism responsible for stark global Covid vaccine inequality

triangleThe Socialist Inbox

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Technology:

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triangleCan green technology and AI save capitalism?

triangleWaltham Forest Socialist Party: Can green technology and AI save capitalism?

Nationalise:

triangleSave jobs, save livelihoods, save GKN Automotive - nationalise the plant!

triangleGreat British Railways shake-up offers no end to profiteering

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Health:

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triangle'Pingdemic' exemptions

Government:

triangleTory government nationalises Sheffield steel plant

Covid:

triangleNSSN TUC rally

Article dated 16 June 2021

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