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Thread: Vaccine Race - India & USA
In 2020 after the pandemic hit the world, the US govt gave away $11 Billion (INR 83,000 Crore) to 8 large, private pharmaceutical companies for research, development & production of vaccines.
[Read about "Operation Warp Speed"]
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In 2020 after the pandemic hit the world, the US govt gave away $11 Billion (INR 83,000 Crore) to 8 large, private pharmaceutical companies for research, development & production of vaccines.
[Read about "Operation Warp Speed"]
Cont& #39;d.. 1/7
Under Operation Warp Speed, the $ 11 Billion funded to these companies was taxpayers& #39; money given to the 8 companies so that none of the large pharmaceutical companies face slightest of hurdles in research and mass production of vaccine.
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Every private company had unlimited access to funds for developing & manufacturing the best vaccine for every American.
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Among these, 3 companies have been unsuccessful in producing the vaccine, including Glaxo-Smithkline, which received about US$ 2.5 Billion (INR 18840 Cr)
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Among these, 3 companies have been unsuccessful in producing the vaccine, including Glaxo-Smithkline, which received about US$ 2.5 Billion (INR 18840 Cr)
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Not a single US politician or the public cried foul when such a massive taxpayers& #39; amount was distributed to private companies cz the Americans know the importance of industry and how strong, powerful and advanced industry sector is the only solution to any problem.
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Here, politics has already begun on Government of India paying only INR 4500 Cr to SII & Bharat Biotech for scaling up vaccine production. As usual, Congress, Left and other socialist parties are instigating people that their money is being taken and distributed to the rich.
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After instigating people that government is taking their money and giving it to the rich industrialist, they question why India doesn& #39;t have the ease, availability and production of vaccine like the USA?
Socialism and anti-industry sentiments only bring misery.
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Socialism and anti-industry sentiments only bring misery.
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If USA (or western Europe) is successful and technologically/scientifically superior in every field, it is because they provide every possible support to industry - financial, freedom from bureaucratic hurdles, protection from extortion and a national sentiment of pro-industry.
Via - https://m.facebook.com/story.php?story_fbid=10208603443641037&id=1757910877">https://m.facebook.com/story.php...
