Covid-19 and Its Sequels
Our response to Covid-19 should make us dubious about our chances if we go up against something even deadlier. Only 5.5 billion people have gotten even one dose of a Covid-19 vaccine, leaving billions more to host a constantly proliferating assortment of mutations. Already vaccines and therapeutics are less effective against new variants.
With some bad rolls of the dice, we could be back to the world of March 2020, or worse. This scenario is increasingly likely considering climate change and globalization. Another accurate point in “The Communist Manifesto” is that “the need of a constantly expanding market for its products chases the bourgeoisie over the entire surface of the globe. It must nestle everywhere, settle everywhere, establish connections everywhere.”
Sure, we could have decided to vaccinate everyone. Last year, the Organization for Economic Cooperation and Development estimated this would cost $50 billion, or 0.05 percent of the world’s annual gross domestic product. But we didn’t do it for very good reason: This would have hurt the “intellectual” “property” — and hence the profits — of Moderna and Pfizer.
So the downside here is our unending Covid nightmare. The upside is we now have 10 vaccine billionaires! We’d like to believe they’re spending this Christmas Eve together, downing negroni sbagliatos somewhere on the Amalfi coast, toasting the freedom that is capitalism. (If you violate their vaccine patents, the government will crush you like a bug.)
https://theintercept.com/2022/12/24/christmas-capitalism-covid-climate-change/