Some nations have suddenly acquired a new weapon to further their geopolitical aims: Vaccines for Covid-19. Some multinational corporations, likewise, are using the once-in-a-century opportunity to make profit out of coronavirus victims.
They all conveniently camouflage their real objectives with high-sounding morals. Profit-making, not life-saving, has always been their mission statement. If anything, the pandemic has exposed all such hypocrites.
Start with Bill Gates, the global ‘idol of philanthropy’. In 2015, he was said to have predicted a pandemic soon. In the recent years, the Microsoft co-founder invested heavily in pharmaceutical sector to emerge as a vaccine czar as well. Despite his philanthropic claims, he would not like to transfer vaccine technology to others, including India, as he believed that it cannot be done without American “grants” and “expertise”. In other words, the developing countries cannot manufacture vaccines without American technology.
Gates, and the US, appeared peeved at India not only indigenously developing Covid-19 vaccines but also exporting these to nearly 70 countries in what became known as ‘vaccine diplomacy’. It was in this backdrop that US President Joe Biden, ostensibly at the behest of American vaccine-makers, invoked the Defense Production Act of 1950 to starve India of critical American raw material required to manufacture and deliver the vaccines.
India responded with some deft diplomacy of checks-and-balances. It showed a keen interest in Russian and Chinese vaccines instead! This alarmed Washington last week as its plans to contain China with the help of the Quadrilateral Security Dialogue (Quad)—the anti-Beijing group of four democracies viz, the US, India, Australia, and New Zealand—could go haywire. The Biden administration did a quick course correction to control the damage and, with amazing speed, sent assistance to India.
Not to lag behind, Russia also rushed planeloads of assistance including vaccines to beat the US at its own game. China, which initially tried to wean India away from America, later backtracked. Some 40 countries extended help to India, which is combating a killer second wave of the pandemic, as a pay-back: in the last few months, New Delhi had helped these nations with vaccines via the WHO and business channels.
Why is the US—or for that matter Russia or China—trying to leverage vaccine-making as a geopolitical weapon? This coronavirus is not a one-off epidemic nor is it going to disappear in a hurry. German vaccine-maker BioNTech’s CEO Ugur Sahin had said in December 2020 that the virus will stay with us for the next 10 years. “We need a new definition of normal,” he said. No wonder, influenza is around even after a century, killing some five million people every year.
Clearly, all the Covid-19 afflicted will need effective vaccines, and then booster shots, to combat new variants of Covid-19. In addition, the co-morbidities and side-effects they develop will mean new business opportunities! Covid-19 provides a ‘sustainable’ business model for global pharmaceutical giants!
According to a report by the US health data company, IQVIA Holdings Inc., released last week, the world is going to spend at least USD 15 billion on Covid-19 vaccines until 2025, as the affected countries will have to go for mass vaccination programmes, followed by “booster shots.”
IQVIA, which provides data and analytics for the healthcare industry, said it expected the first wave of Covid-19 vaccinations to reach about 70 percent of the global population by the end of 2022. Booster shots are likely to follow initial vaccinations every two years as per the current data on the duration of effect of the vaccines, media reports said.
America itself is preparing for the possibility that a booster shot will be required between nine and 12 months after the people receive their first full inoculations against the pandemic. Top pharma player Pfizer has also confirmed that these shots may be needed within 12 months.