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4I Hp Extreme capitalism and COVID-19 - The Times Hub

Extreme capitalism and COVID-19

Extreme capitalism and COVID-19

4,665: this is the average daily number of COVID-19 vaccines administered to the Quebec population for two months. At this rate, it will take five years to vaccinate all Quebecers.

I know, the argument is demagogic. In fact, the number of vaccines should increase and it is unnecessary to vaccinate 100% of the population. In addition, the facilities and staff are ready to immunize the population on a massive scale when vaccine doses arrive.

But precisely, the doses do not arrive. The vaccination rate in Canada is 2.8%. In Britain, more than 18% of the population has received a vaccine. In Israel, 63%. In the United States, 12%. Russia and China started massive vaccination campaigns months ago. That France, Italy or Germany have vaccination rates between 3% and 4% is hardly any consolation.

Weakness of the elect

The government of Justin Trudeau can rightly be accused of dragging its feet and negotiating badly with the pharmaceutical companies.

All these failures nevertheless start from a cause: the weakness of the interventions of our elected officials in the economic sphere. It is up to them, however, to ensure that our economy is not swept away by the interests of a few large industries.

So what have we seen in recent months? Shortages of essential medical equipment, which countries jealously guarded for themselves. The same scenario is repeated with vaccines: pharmaceutical companies are making huge profits on the backs of patients while governments block vaccine exports.

Lessons

This sad episode of extreme capitalism should teach us lessons.

First, that small and medium-sized economies cannot play with the same rules as very large economies. As soon as a big blow hits, these great economies protect themselves, with little regard for others.

Worse, in a sordid diplomacy of vaccines, Russia and China are sending vaccines on a massive scale to states whose vassalage they cultivate.

Then, it is up to elected officials to protect and develop certain essential sectors of the economy. It is absurd that Canada has allowed its pharmaceutical manufacturing industry to depend so heavily on foreign countries. Trudeau is not the only one responsible for these policies of deindustrialisation.

The example of the pharmaceutical industry applies to other economic sectors. It is high time to think of the economy of Quebec and of Canada in terms of economic ecology, in the sense of the vital interdependence of economic sectors from one another.

At a time when Joe Biden wants to strengthen American industries, especially with the Buy American Act, our elected officials must also strengthen our industries.

The COVID-19 crisis has exposed the flaws in globalist ideology. It should encourage us to develop major regional industrial and environmental policies to get out of it.

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