Podcast 42 - Vaccines - capitalism, greed, and rivalry

Socialist correspondent

Capitalism and greed, as Boris Johnson is proud to say, go together. However, they are not the success he likes to pretend. In fact markets have failed abysmally to deal with the coronavirus pandemic. It is actually the public sector and state intervention that has had the greatest success in combating the virus. Capitalist greed benefits no one but the capitalists. The rich world - the EU and countries like Britain and the United States - are battling it out to secure shares of vaccines while poorer countries are being left far behind. The EU has struggled with it's procurement programme which is a further blow to those who wish to centralise power even more within the bloc.