watkins24_Gregor Fischerpicture alliance via Getty Images_vaccines Gregor Fischer/picture alliance via Getty Images

Ending “Trickle-Down” Vaccine Economics

Rich countries’ ability to manipulate the market for COVID-19 vaccines is putting millions of lives at risk and inhibiting the global recovery from the pandemic. These countries must instead prioritize equitable vaccine distribution and international cooperation.

LONDON – During the Irish famine in the 1840s, as more than one million Irish citizens died, vast quantities of food were exported from Ireland to Britain. For the Whig government in London, the defense of commercial interests, the dictates of laissez-faire economics, and political indifference to Irish suffering trumped any obligation to prevent mass starvation by intervening in markets.

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