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    intellectual property

    Activists protest at World Trade Organization headquarters

    WTO Pens 'Love Letter to Patents' as World Suffers From Big Pharma Greed

    The World Trade Organization posted a Valentine's Day-themed poem just hours after failing to challenge the pharmaceutical industry's monopoly control over Covid-19 tests and treatments.

    Jake Johnson
    Feb 14, 2024

    The World Trade Organization drew the ire of public health campaigners on Wednesday by failing to loosen the pharmaceutical industry's grip on Covid-19 tests and treatments—and subsequently posting to social media what one group described as a "love letter to patents."

    The WTO said Wednesday that "consensus could not be reached" on whether to waive patent rights on coronavirus therapeutics and tests, an announcement that Health Justice Initiative founder Fatima Hassan called "a real slap in the face."

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    News
    world trade organization
    World Health Organization Director-General Tedros Adhanom Ghebreyesus participates in a press conference in Geneva on December 14, 2022.

    WHO Pandemic Treaty Draft Provides 'Glimmer of Hope,' Say Health Justice Advocates

    "As negotiations over a pandemic treaty begin in earnest, governments must look to the greed, nationalism, and profiteering that characterized the world's response to Covid-19 and say: 'never again.'"

    Kenny Stancil
    Feb 01, 2023

    As a draft of the World Health Organization's pandemic treaty circulated Wednesday, human rights champions praised the text as a welcome departure from the corporate-friendly intellectual property regime that has constrained the global supply of lifesaving medical tools and worsened preventable suffering throughout the coronavirus pandemic.

    "After the collective trauma of the Covid-19 pandemic, we have a glimmer of hope," Mohga Kamal-Yanni, policy co-lead for the People's Vaccine Alliance, said in a statement. "This text contains measures to provide everyone, everywhere with access to the tools needed to prevent and combat pandemics."

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    covid-19
    Industrial Policy Is Not a Remedy for Income Inequality

    Industrial Policy Is Not a Remedy for Income Inequality

    We have to recognize that the upward redistribution of the last four decades was not something that just happened, it was the outcome of deliberate policy choices.

    Dean Baker
    Dec 26, 2022

    The idea of industrial policy has taken on almost a mystical quality for many progressives. The idea is that it is somehow new and different from what we had been doing, and if we had been doing industrial policy for the last half-century, everything would be better.

    This has led to widespread applause on the left for aspects of President Biden’s agenda that can be considered industrial policy, like the CHIPS Act, the Inflation Reduction Act (IRA), and the infrastructure package approved last year. While these bills have considerable merit, they miss the boat in reducing income inequality in important ways.

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    inequality

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