Last updated on December 28, 2020
The worldwide distribution of the COVID-19 vaccines exposes the immorality of our current economic system. Dr. Dean Baker sheds important light.
Dr. Dean Baker exposes a sad reality about our economic system.
See full episodes here.
Recently there was a headline at Common Dreams that drew my ire. It is titled “Pfizer Helped Create the Global Patent Rules. Now It’s Using Them to Undercut Access to the Covid Vaccine.” The article pointed out that the rich western countries did not want to suspend patent to allow the wide distribution of the COVID-19 vaccine. After reading the following two paragraphs it was clear I needed to talk to Dr. Dean Baker.
Dean Baker, economist and co-founder of the Center for Economic and Policy Research (CEPR), a left-leaning think tank, tells In These Times, “TRIPS required developing countries, and countries around the world, to adopt a U.S.-type patent and copyright rule. Previously, both had been outside trade agreements, so countries could have whatever rules they want. India already had a well-developed pharmaceutical industry by the 1990s. Pre-TRIPS, India didn’t allow drug companies to patent drugs. They could patent processes, but not drugs.”
TRIPS brought profits to pharmaceutical companies and “raised pharmaceutical costs in the U.S. and further restricted the availability of lifesaving drugs in WTO developing countries,” according to corporate watchdog group Public Citizen. This dynamic played out ruthlessly during the AIDS crisis, which was in full swing as the WTO was created. “It took the South African government almost a decade to break the monopolies held by foreign drug companies that kept the country hostage, and kept people there dying,” wrote Achal Prabhala, Arjun Jayadev and Dean Baker in a recent piece in the New York Times.
Dr. Baker did not disappoint as he made everything much clearer. Listen to the entire enlightening interview.
My books, “It's Worth It: How to Talk To Your Right-Wing Relatives, Friends, and Neighbors” & “As I See It: Class Warfare: The Only Resort To Right Wing Doom” support (1) communication techniques & (2) Progressive message delivery.
Please join our YouTube channel to get the numbers up to open up some more features and reach more folks. Gracias!`
The Politicus is a collaborative political community that facilitates content creation directly on the site. Our goal is to make the political conversation accessible to everyone.Any donations we receive will go into writer outreach. That could be advertising on Facebook, Twitter, and Reddit or person-to-person outreach on College campuses. Please help if you can: