Skip to main content
In These Times Vaccine COVID19

Would We Have Already Had a COVID-19 Vaccine Under Socialism?

The public health crisis now hammering America reveals how vital it is to invest in research before it is desperately needed. But that’s not how market logic works. Instead of directing attention to what will protect the largest number of people from the greatest harm, capitalism steers innovation toward the largest profit in the shortest amount of time.

“Many vaccines used to be produced in the public sector; now the majority are produced in the private sector,” Dana Brown, director of the Next System Project at The Democracy Collaborative, explains. “Big Pharma is not well set up to bring a vaccine into the market: Vaccine development and production is a long, risky process requiring patient capital and sustained interest. Big Pharma focuses on short-term gains and maximizing shareholder value—there’s little, if any, gain for shareholders when companies invest in vaccine development.”

Read the entire article at In These Times.

Publication date: 2020-04-20
Parent publication: In These Times
Publication URL: http://inthesetimes.com/features/covid-19-coronavirus-vaccine-capitalism-socialism-innovation.html

More related work

September 27, 2020
Default Image

39 Health Systems Declare: It is Undeniable, Racism is a Public Health Crisis

39 health systems in 45 states and Washington, DC commit to addressing racism and the public health disparities caused by racism.

read more
August 31, 2020
Default Image

Climate Justice Fellow

Climate Justice Fellow The Democracy Collaborative is seeking a Climate Justice Fellow to provide support to the Climate & Energy Team and advance its mission to manage a just transition off extractive, fossil fuels and design pathways towards a clean energy system based on energy democracy

read more
August 17, 2020
Default Image

Fall Research Intern

NOTE: The deadline for this application was 9/14/20 and the application window is now closed. We are currently reviewing applications and will be in touch with candidates soon. Research Internship The Democracy Collaborative is hiring for a part-time, paid intern position focused on providing

read more