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This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
And of course, it's at least possible that their costs to keep vaccines available are higher when people aren't really getting them (US booster uptake is pretty middling, even among older people that get even more benefit out of them).
This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
When was the last time USPS wowed you with their innovations and speed?
I want these types of companies to make obscene amounts of money. I want entrepreneurs and venture capitalists to fund these companies thinking they can make obscene amounts of money from them. I want bright young people to dream of developing the next vaccine and becoming a billionaire instead of dreaming of writing the next chat app and becoming a billionaire.
Then when the next pandemic breaks out, we can do even more amazing things to save lives and bring it under control.
In terms of how much benefit a company provides, Moderna and Pfizer vaccines literally provided trillions of dollars of benefit as it saved a bunch of lives and enabled economies to restart. I want these types of companies to make obscene amounts of money. I want entrepreneurs and venture capitalists to fund these companies thinking they can make obscene amounts of money from them. I want bright young people to dream…
This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
When was the last time USPS wowed you with their innovations and speed?
Earlier quoted context omitted.
When was the last time USPS wowed you with their innovations and speed?
Coming from a European country the USPS reliability and speed of delivery is impressive, you have no idea how good you have it for a country of this size. Teller service at the USPS now that is pretty terrible true, but if there is no innovation it’s because congress won’t let it. Why isn’t the USPS offering banking services for example like other postal services do?
This is why vaccine development and pharmaceuticals in general should be a public good, owned by the public sector, priced as a public good.
I would also suggest that 'owned by public sector' does not mean 'public good'.
Even when a private corporation influenced/directed/controlled by federal authorities -- it is problematic.
I do not know of a political system that can effectively check federal government so that it stays for public good.
Money-sponsored or various threatened-by-force election models are not effective at checking that premise.
In terms of how much benefit a company provides, Moderna and Pfizer vaccines literally provided trillions of dollars of benefit as it saved a bunch of lives and enabled economies to restart. I want these types of companies to make obscene amounts of money. I want entrepreneurs and venture capitalists to fund these companies thinking they can make obscene amounts of money from them. I want bright young people to dream…
Wait, did pfizer really develop the vaccine? Iirc, it was BioNTech, and Pfizer is just the exculsive distributor in the US.
It’s not just scping your git repository to some machines on AWS. It’s developing the infrastructure, processes, tooling, etc. to create and package hundreds of millions of doses of a highly specialized and advanced drug with extraordinarily high reliability. If something does wrong, people will be harmed.
It’s also about conducting clinical trials properly and working with regulators to get approval for your drug. Probably a lot more happening behind the scenes I haven’t mentioned. All of this effort takes hundreds of thousands of person-hours w/ highly specialized expertise.
https://www.pfizer.com/news/press-release/press-release-deta...
Disclaimer: I have a family member who works at Pfizer (but none of this info is from them).
In terms of how much benefit a company provides, Moderna and Pfizer vaccines literally provided trillions of dollars of benefit as it saved a bunch of lives and enabled economies to restart. I want these types of companies to make obscene amounts of money. I want entrepreneurs and venture capitalists to fund these companies thinking they can make obscene amounts of money from them. I want bright young people to dream…