2021-06-21 11:51:48

Capitalist Nations Bailed Out Banks While Skimping on Funds to Vaccinate Humanity

More than 2.6 billion COVID-19 vaccines have been administered worldwide, but many countries have yet to see a single shot amid mounting infections. Eighty-five percent of vaccines administered worldwide have been in high- and upper-middle-income countries.

Only 0.3% of doses have been administered in low-income countries. Last week, G7 nations pledged to donate just 613 million new vaccine doses — far less than the 1 billion originally promised.

This was the focus of an emergency four-day virtual Summit for Vaccine Internationalism this weekend, attended by government ministers, parliamentarians and public health officials from many countries, including Argentina, Bolivia, Vietnam, India, Greece, the United Kingdom, Canada, and Cuba.

The summit was organized by Progressive International, an organization founded by Senator Bernie Sanders and former Greek Finance Minister Yanis Varoufakis.

“This is how we radicalize the world in order to be able to end the patent monopoly of Big Pharma,” says Varoufakis in his address, “so that there are no more patents that prevent people from access to pharmaceuticals … available in order to save lives.”

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Argentina Bolivia Canada Capitaist Capitalism COVID- Coronavirus COVID-19 Cuba G7 Greece India Low--income countries United Kingdom United States Vacccines Vietname

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