The capitalist system has proven to be unable to solve the Covid-19 crisis. Instead its is bleeding the working class to death with not only a dangerous virus but also competing to get numerous vaccines produced at the same time. Profiteering is part of the capitalist system and therefore there is a race going on who will produce the most efficient vaccination. Meanwhile it has become clear that only the rich countries will get the vaccine first. The third world (poor nations) will have to wait until at least 2023 or even later. Under a socialist society we would not have capitalists competing over vaccines. We would have put all resources and minds together to produce one free vaccine for all humans. But we do not live under socialism. In our world, healthcare is a profit thing and millions die each years because they do not have access to it.
Around 3.000.000 humans have died of Covid-19 since December 2019. 139.645.558 have been confirmed to have got the virus. For over one year and five months, the world is in the grip of this pandemic. Billions have been lost in the stock markets and the capitalist class is about to fire millions of workers to save their profits and companies. At the same time the (capitalist) governments are spending tax money to save important companies from bankruptcy. Even with public money the capitalists keep on exploiting workers and enriching themselves. The chairman of Air France-KLM got two million dollars in bonus from the capitalists, because he secured billions in tax money from France and the Netherlands.
In countries with a low or not functioning social security system (like the USA) the poverty rate could increase dramatically. Its reported that by now 60 million Americans are living in relative poverty including those with (low paid) jobs. It has been now a year since the pandemic began and still there is no single vaccination program that is working effectively. There are ten Covid-19 vaccines, all produced independently and with different motivations. Pfizer–BioNTech is produced by the pharmaceutical sector of Germany and the USA. They first demanded 54 euro’s for their vaccine. After a massive outrage, the price was dropped to 16 euro’s per vaccine.
Moderna is produced by the government of the USA (the National Institute of Allergy and Infectious Diseases). Sputnik V is the Russian vaccine, created by the Gamaleya Research Institute of Epidemiology and Microbiology. The price for Moderna is around 30 dollars and the Sputnik V is priced around 10 dollars. The most cheapest vaccine is the AstraZeneca vaccine designed by the University of Oxford. Their vaccine is priced at only two dollars. However in April 2021 it was reported that there are some serious side effects of the AstraZeneca vaccine. This has caused some governments to stop using the vaccine while others keep using it.
There is no unity in the production and distribution of the Covid-19 vaccination. Russia and China are using their vaccines to gain political capital around the world. The European Union is debating if they too should use the vaccines to win over political allies against Russia and China. Now the healthcare of humanity has become a political tool in the new cold war between western imperialism and eastern imperialism. Meanwhile the working class is suffering as millions are forced to remain in lockdowns. Some capitalists demand that workers come work and do not uphold the social distancing rules.
In poorer countries workers have never been given social security or government production. Around the planet, the government’s are there to protect the capitalist class not the working class. Labour laws are often ignored (specially in Africa and Asia) or broken. Capitalists are free to do whatever they desire and millions of working men and women suffer. The lack of a socialist alternative is why this is possible. Social democratic and communist (Stalinist) parties have betrayed the working class and do not offer any resistance to the massive exploitation and abuse of workers rights. The established left-wing has failed and it is therefore that far-right populism (like Trump) has grown so strong.
The lack of a single world wide vaccine and capitalist greed has already killed three million people. Many more will die because of Covid-19. Revolutionary socialists call for the complete nationalization of all pharmaceutical companies that dominate the healthcare and drug industry. We need democratic control over them in order to prevent profiteering. In this we cannot trust governments, because all of them are in the service of companies like Pfizer and BioNTech. Capitalism does not want to solve the pandemic because it is profiting off it. Billions are to be made by selling different vaccines. Governments also use the vaccine as a political weapon to win support for their imperialist plans.
As Socialist Alternative (ISA in the USA) points out:
Profit-driven big pharmaceutical companies, with the blessing of the Biden Administration, are blocking Intellectual Property (IP) waivers that would allow poor countries (formerly colonized countries) to produce the Covid-19 vaccine. In poor countries, only 1 out of every 500 people have received the Covid-19 vaccine. A Covid-19 vaccine must be seen as a global public good, a people’s vaccine for all. The laws under capitalism – including global trade laws – are set up for profit maximization for the elite in all countries.