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From The Socialist newspaper, 5 August 2020

Coronavirus

Capitalism's 'vaccine war' shows need for socialist cooperation

Poorer nations in Africa and Asia will face a struggle to obtain vaccines

Poorer nations in Africa and Asia will face a struggle to obtain vaccines   (Click to enlarge)

Jon Dale, secretary, Unite union Nottinghamshire Health branch

Covid-19 can travel round the world at jet speed. No one can feel secure without global action. Yet despite gushing words from government leaders about international cooperation on research and development, a 'vaccine war' is developing.

Rich capitalist countries are desperate to get their economies and profits flowing again. Governments are making 'public-private partnerships' with pharmaceutical corporations. Deals are being made to buy up vaccine stocks before they have even been developed, tested and manufactured.

The losers in this vaccine auction will be working-class and poor people in poorer countries.

Four different types of vaccine are being researched in many centres around the world. Any of these - alone or in combination - may turn out to be successful. Billions of dollars, euros, yen and pounds of public money are being invested.

Welcoming this, the chief executive of Gavi, the public-private alliance to distribute vaccines in poor nations, had to admit: "But... you end up with unnecessary competition, shortages of supplies and a failure to optimise a pipeline that should make the best vaccines available at scale as quickly as possible."

Some corporations, like US company Johnson and Johnson, say they will sell the Covid-19 vaccine without profit. It can certainly afford to! Its 2019 sales were $82 billion. It spent $11 billion on research and development, paid $2 billion tax and made over $15 billion profit.

As well as a Covid-19 vaccine, Johnson and Johnson's cancer treatments, medical devices and all other essential products should be sold without profit! But this requires public ownership and democratic workers' control.

Meanwhile, Pfizer and BioNTech will sell their Covid-19 vaccine to the US government at an estimated $19.50 per dose, leaving the companies with a "decent margin" of 60% to 80% profit, according to one US banking analyst.

"I think at the end of the day, what we'll see is everybody is going to recoup their costs and make some profit," said a former associate commissioner of the US Food and Drug Administration. "I suspect they are all saying different things that mean the same thing."

Even if sold to less-developed countries at $10 a dose, mass vaccination would be unaffordable to many. Bangladesh spent $94 per person on health care in 2017. Only the wealthy few could be sure of vaccination. Countries also need good public health systems with health workers, logistics and transport to get vaccines where they are needed.

Bayer's chief executive in 2013, Marijn Dekkers, cynically let the cat out of the bag. Referring to its cancer treatment Nexamar costing $65,000 a year, he said: "We did not develop this medicine for Indians. We developed it for Western patients who can afford it."

A YouGov opinion poll showed 96% of people in the UK want national governments to work together, ensuring treatments and vaccines can be manufactured in as many countries as possible and distributed globally to everyone who needs them.

A vaccine manufacturer's official told the Financial Times: "In the future, we need a better system." It's needed now! A socialist system of public ownership, democratic planning and international cooperation would meet everyone's needs.

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Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

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.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
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In The Socialist 5 August 2020:


News

NHS pay: 15% for all now

From first wave to second? Capitalism's Covid failures

Capitalism's 'vaccine war' shows need for socialist cooperation

Tories' obesity plans - blaming individuals not the profit system


What we think

Labour payouts: unions must discuss political representation


Workplace news

Wales: GE Aviation workers march to save jobs

PCS union: Reject longer DWP opening hours

'First you clap us then you slap us': hundreds march for NHS pay rise

Sick pay victory at Homerton hospital!

Unite union branch pledges to support socialist candidates who oppose cuts

Oppose BT site closures - national strike ballot needed

Workplace news in brief


No going back

What would socialist universities look like?


International

Cuba: Covid-19 and the 60-year-old embargo

Anniversary of nuclear destruction of Hiroshima and Nagasaki

80 years since the murder of Leon Trotsky rally


Campaigns

A-level results day 2020: Fight for our future!

Fighting to end racism and capitalism

North London: Socialist Party speaks at BLM protest

Young Socialist day of action

Doncaster: Vigil for murdered women

Engage for Change Hull - trade union youth festival goes online

Campaign stalls on jobs, pay, NHS and racism

Why I joined - Covid changed my outlook

Socialist Party meetings: Online and in-person

The Socialist summer schedule


 

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