Comments by "Dan A" (@DanA-nl5uo) on "Can a patent waiver for COVID-19 jabs expedite vaccinations in poorer countries? | DW News" video.

The better question is should corporations be allowed to have a monopoly on technology, and intellectual property developed with government funding?
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You say that as a defender of monopoly and greed
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🤣🤣🤣 so this will end companies being willing to take government funding to develop medication. Good one. The we won't accept a reasonable profit margin so you have to allow us to have a monopoly and price gouge or we we will close shop. I say ok if the private sector doesn't want to exist in the medical field we will simply nationalize them and let the government hire the scientists. There is no place for a profit motive when someone's life depends on getting the cure anyway.
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I wonder how much money DW news got from big pharmaceuticals companies for this segment?
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@manumano3887 wrong they developed that technology with government funding where you sleeping through the entire last year when the governments paid those companies to develop the vaccine? By your logic the companies have no more claim to the intellectual property than the employees who did the work because both where paid by a 3rd party the government.
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@manumano3887 the stock holders didn't fund the R&D they bought shares in a company who took government funding for R&D. They will still own their shares of the company's physical assets regardless of what happens to the technology the government grants funded.
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@manumano3887 stock prices fell on the news that the monopoly and price gouging wouldn't work this time like it has with insulin? Wow you would think speculation was risky.
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@manumano3887 actually when you register a patient with the us government they have the right to negate that patient protection you don't seem to understand the law. The current waiver is just one example of the ways they can. The Defense production act actually gives the government the right to take the entire company and nationalize the production lines not just use the intellectual property. Trumped signed the authorization of usage of the DPA with respect to covid so the stock holders should be happy their share price didn't drop to zero
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@manumano3887 if you believe that share holders need to be compensated for their loses you need to read the fine print. All the investment ads on TV in the 1980s had the standard disclaimer that past performance is no guarantee of future results. That investing in the stock market entails risk of losing capital. Sorry if you didn't understand that simple fact when you made an investment.
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@manumano3887 which is why the World Trade Organization is putting the waver together not government of any one country. See the WTO has the authority to act based on the agreement of all member countries. They signed that agreement in order to be part of the international trading committee.
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@cloudpoint0 well according to that logic there is no harm in removing them either. So why not?
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@cloudpoint0 why would they stop making vaccines a full 25% of their revenue in the last 3 months came from vaccines and you just said even ending the monopoly protection for them won't increase their competition. You seem to want it both ways. Make up your mind.
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@eduwino151 Inida is the worlds largest manufacturer of the covid vaccine. So much for your poorer countries who need the vaccine can't make it argument. Want to try again? These drug companies already spend the last half century outsourcing manufacturing to the very same countries you don't believe are able to mass produce the vaccine.
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@eduwino151 millions you say.. wow that would be impressive if we didn't have 7.8 billion people needing two doses each of the vaccine. So you are excited that we will have millions of doses to fit a demand for 15.6 billion. Last time I checked billions are several orders of magnitude larger than millions. India alone needs 2.8 billion doses for their own population. But heck dont worry there will be millions to meet the needs of billions.
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@eduwino151 they also used loads of government cash in 2020. The government paid for it they own it not the companies who where paid with goverment grants and contracts
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@eduwino151 🤣🤣🤣🤣 oh now it is billions of doses from the existing companies just a post ago it was millions. I hope they dont pay you much for your propagandists services because you are not very good
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@santkumar5973 except that in this case the manufacturer was rewarded up front with government funding. The covid vaccine was government funded. We the citizens paid for the innovation not the stock holders. So the companies shouldn't have the intellectual property in the first place the government should it bought it up front. Which is also true with most medical advances. The reality is most medical research is funded with government grant money. That means money the government gave the company and didn't get paid back. Any research funded by government grants should be government intellectual property not the corporation which took money from the government to do the development work. In that case the company was paid same as anyone who worked of the company. You don't see the engineers and doctors who developed the process getting a percentage of every pill made to protect their intellectual property rights. We don't apply that standard to labor because we accept that labor was paid for their work upfront included in that price was the value going forward. It is no different when companies take money from the government to do a job. Same as when the employee take money from the company to do a job. In both cases the paying party should own the intellectual property. Not the paid party which in the case of covid is the company who was paid by the government.
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The government paid for the development of the covid vaccine in the first place why should they pay twice for the same thing??? You seem to think greed is king and that corporations not governments have the ability to write laws.
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That is the job of the corporatist who hired the scientists don't you know.
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Someone either doesn't understand supply and demand. Basic caplistist theory or they are making a bad faith argument. I will let you decide.
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@Bubo-Scandiacus-PKC so you are saying 100% of the IP was developed with zero government grant money? I find that very hard to believe
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@soravulpis96 I agree but it would push 90% of all technology into the public domain. Micro chips where funded by the starwars program under Ronald Reagan. The touch screen on your phone was a DARPA funded project. The list of technology fund by government R&D is pretty much the list of technology in our society.
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Expecally as the outsourced the manufacturing of the vaccine to those other countries. India is the world's largest manufacturer of the vaccine. The cooperations just demanded that it be exported to countries with more wealth. Canada literally doesn't have a single factory to make the vaccine but they have a higher vaccination rate and easier access than india.
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@annoyedaussie3942 Canada had the faculties they where a leader until they outsourced it to the countries that the media would have you believe we need to hold back the intellectual property from.
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You mean the drugs companies in germany right? You sound just like the Russia gate people
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Greed doesn't sell well to dieing people
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@Bubo-Scandiacus-PKC why would you think that the government will continue to fund the R&D for the next vaccine no one said end government grants for drug companies
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