LONDON (AP) — Nine leading European university hospitals are warning they will run out of essential medicines needed for COVID-19 patients in intensive care in less than two weeks as they are increasingly crushed by the pandemic.
I believe that globalism will change in the aftermath of this crisis. The reasons to distribute production facilities around the globe, rather than concentrating production where wages are less, become many when the production of life-saving medicines is disrupted.
Similarly, unfettered capitalism that literally chooses winners and losers (or more appropriately: living and dead) based on the ability to pay the highest prices deserves a reckoning. That people die because they live in a poor state that completes with wealthy ones and the federal government for resources is an affront to humanity.
I’d like to think that would happen. Just because Apple could make an iPhone in the US and sell for profit at the same price doesn’t mean “The Markets” will let them.
I also don’t see China giving up the power it now has over the entire world’s economy. Maybe they are making bold moves in the South China Sea and sowing dissent within EU member states to further ensure that they hold all the cards.