The Pfizer Covid-19 vaccine will likely exceed $30 billion in 2021 alone. Pfizer shares its profits with its partner company—which means they are expecting at least $15 billion this year, bumping their total revenue next year to around $60 billion—one quarter of which will be accounted for by the vaccine. These sales will bring in a substantial profit for the company

According to one financial journalist “That would make it the second-highest revenue-generating drug anytime, anywhere.”

 Pfizer has sold very small quantities to the global distribution body Covax and African Union “at cost,” which it claims to be about $6.75 per dose. They’ve sold more than three times the amount to high income countries (1.6 billion) as they have to the rest of the world (560 million), while tiny quantities have been sold to low income countries. The international distribution network Covax has managed to secure a mere 40 million.

In fact, experts have suggested these types of vaccines could cost as little as 60 cents to $2 per dose to make. However, Pfizer is selling to most countries at $19.50 per dose, supposedly a special pandemic price, but clearly one which allows the corporation to make a large profit. It seems clear prices will rise steeply once they decide the pandemic is “over.” A senior executive has suggested $150-175 per dose would be more “normal” pricing for a vaccine of this sort.

Their accounts last year shows that the corporation returned a whopping $8.4 billion to shareholders in dividends and reported a profit of $8.7 billion.

Pfizer and its lobbying body PhRMA were the top spending lobbyists in the US healthcare sector in the last 2 decades. They use the power lobbying gives them to promote and extend their rights of secrecy (‘data exclusivity’) over medical development and their monopoly protection which allows them to charge astronomical prices. They support the US government including higher levels of monopoly protection in new trade deals.

Pfizer and its British distributor hugely hiked the prices of anti-epilepsy drug phenytoin which 48,000 NHS patients relied upon. NHS expenditure on the drug rose from £2 million a year to £50 million in a single year, with the cost of 100mg packs rising from £2.83 to £67.50. Overall, UK wholesalers and pharmacies faced price hikes of between 2,300% and 2,600%.

In 2009, Pfizer was forced to pay $2.3 billion in a set of complex suits which included the company’s illegal marketing of arthritis drug Bextra, as well as giving kickbacks to doctors.

 A whistleblower claimed that sales staff were incentivised to sell Bextra to doctors for medical conditions for which the drug wasn’t approved and at doses up to eight times those recommended.

 “At Pfizer I was expected to increase profits at all costs, even when sales meant endangering lives. I couldn’t do that,” he stated.

 The price of Pfizer’s pneumonia vaccines were 68 times more expensive in 2015 than in 2001. While Pfizer did reduce prices for the lowest income countries, MSF said the cost to vaccinate remained “roughly US$9 for each child to be vaccinated in the poorest countries, and as much as $80 per child for middle-income countries”. 

MSF claimed Pfizer and GSK have earned over $50 billion for the drug, but “Today, 55 million children around the world still do not have access to the pneumonia vaccine, largely due to high prices.”

Opinion | The Pandemic Has Shown Pfizer Is Obsessed With Profits—Not Saving Lives (commondreams.org)

 “No politician, no matter how demagogic or potent or capable they are, is going to be able to change what the market is doing,” – John Kerry

The U.S. is back on climate. Now what? – POLITICO

 In the United States, more than one-fourth of the population — nearly 90 million people — has been fully vaccinated and supplies are so robust that some states are turning down planned shipments from the federal government.

Honduras has obtained a paltry 59,000 vaccine doses for its 10 million people.

More than one billion doses of COVID-19 vaccines have been administered worldwide, according to a tally, with more than half given in just three countries. Some 12 countries have yet to begin vaccinating – seven in Africa (Tanzania, Madagascar, Burkina Faso, Chad, Burundi, Central African Republic and Eritrea.)

The U.S. has also faced criticism that it is not only hoarding its own stockpiles, but also blocking other countries from accessing vaccines, including through its use of the law that gives Washington broad authority to direct private companies to meet the needs of the national defense. The U.S. has used the Defense Production Act to secure vital supplies for the production of vaccine, a move that has blocked the export of some supplies outside the country.

The U.S. Department of Health and Human Services’ 2020 annual report also raised eyebrows for a section titled “Combatting malign influences in the Americas,” which said the U.S. had convinced Brazil to not buy the Russian vaccine.

Marco Tulio Medina, coordinator of the COVID-19 committee at the National Autonomous University of Honduras, explained, “There’s a lack of humanism on the part of the rich countries,” he said. “They’re acting in an egotistical way, thinking of themselves and not of the world.”

From scarcity to abundance: US faces calls to share vaccines (apnews.com)

Stickers are available on request from spgb@worldsocialism.org

At least 120 asylum seekers are feared dead off the coast of Libya while they were attempting to reach Europe.

Mediterranean rescue hotline Alarm Phone, said,  “The people could have been rescued but all authorities knowingly left them to die at sea.”

The volunteer service claims it was in contact with the boat in distress over 10 hours on 21 April, and repeatedly relayed its GPS position and the dire situation to European and Libyan authorities.  It said all the European authorities rejected responsibility to coordinate the search operation and instead pointed at the Libyan authorities as the “competent” authorities.

“The Libyan coastguard, however, refused to launch or coordinate a rescue operation, leaving the 130 people out in a rough sea for a whole night,” the charity said.

“The lack of an efficient patrolling system is undeniable and unacceptable,” Flavio Di Giacomo, Italy’s spokesman for the UN migration agency, tweeted. “Things need to change.”

 A number of NGO rescue boats are stuck in Italian ports after authorities ordered their seizure. 

Conversations between at least three Libyan senior coastguards and Italian officials, expose the indifference of individuals on the Libyan side to the plight of migrants and to international law and their “uncooperative behaviour” which allegedly resulted in the deaths of hundreds of migrants.

More than 100 asylum seekers feared dead after shipwreck off Libya | Libya | The Guardian

“The best crime prevention is increased opportunity and reduced poverty. That’s the best way to reduce crime. So there needs to be substantial funding into the infrastructure of our inner cities and our more deprived areas. Why do people get involved in crime and serious crime? It’s because the opportunities to make money elsewhere aren’t there for them.” – Retiring chief constable of Merseyside police, Andy Cooke.

 Tackle poverty and inequality to reduce crime, says police chief | Police | The Guardian

 The Pentagon employs more than seven contractors for every one military personnel in Afghanistan.

As of January, more than 18,000 contractors remained in Afghanistan, according to a Defense Department report, when official troop totals had been reduced to 2,500. It reflect the U.S. government’s strategy of outsourcing war to the benefit of private mercenary corporations, and as a means of distancing the war from the public and averting dissent.

One of the biggest mercenary companies is DynCorp International of Falls Church Virginia, which as of 2019 had received over $7 billion in government contracts to train the Afghan army and manage military bases in Afghanistan.

From 2002 to 2013, DynCorp received 69 percent of all State Department funding. Forbes Magazine called it “one of the big winners of the Iraq and Afghan Wars”.

The U.S. has announced intentions to retain at least two military bases in Afghanistan after the official troop drawdown.

Afghans’ mineral wealth according to a 2007 United States Geological Service survey is nearly $1 trillion in mineral deposits, including huge veins of iron, copper, cobalt, gold, and critical industrial metals like lithium, which is used in the manufacture of batteries for laptops and cellphones. An internal Pentagon memo stated that Afghanistan could become the “Saudi Arabia of lithium.”

 The current Afghan government led by Ashraf Ghani’s military is funded by the United States at a cost of around $4 billion per year. This support is going to continue alongside large-scale U.S. foreign aid programs that amount to nearly $1 billion per year.

Biden isn’t ending the Afghanistan War, he’s privatizing it: Special Forces, Pentagon contractors, intelligence operatives will remain | The Grayzone

 While the Western powers concentrate the media’s attention on their supposed military withdrawal from Afghanistan, much less focus is upon the drought that is inflicting much of the country.

13.1 million people are grappling with food shortages

Necephor Mghendi, Head of Delegation for Afghanistan, for the International Federation of Red Cross and Red Crescent Societies (IFRC) says:

“This is one of the worst ever droughts in Afghanistan and millions of people are barely surviving. People are walking long distances, as drinking water is running out and crops are failing.” She explains, “We have grave fears for more than 18 million people who will need humanitarian support in Afghanistan this year due to this drought-driven food crisis piled on top of the debilitating social and economic impacts of COVID-19 and the long-running conflict. We are appealing for urgent action to help the Afghan people in this hour of extreme need. Millions of people urgently need more food, water and cash assistance to survive…”

Afghan Red Crescent Society Acting President, Dr Nilab Mobarez, said:

“We are deeply concerned about worsening and severe water shortages in many areas, depleted food crops and crippled economic activity, such as decimated local markets and basic incomes.”

Afghanistan: 13 million lack food as drought crisis bites – Afghanistan | ReliefWeb

 A dozen top megadonors have pumped a combined $3.4 billion dollars into federal elections since 2009, according to new research.

The massive sum  made up almost one out of every 13 dollars raised during that time period.

The analysis, put out this month by Issue One, a nonpartisan group working to curtail the influence of money in politics, shows that the top 12 big-dollar donors were split evenly between Democrats and Republicans. 

Issue One says the research underscores the flood of money that federal races have seen since restrictions were lifted by the Supreme Court in 2009. 

The Issue One report does not include any figures for state-level races or money given to nonprofit groups involved in any elections.

Top 12 political donors accounted for almost 1 of every 13 dollars raised since 2009: study | TheHill

 As is our custom, when the blog comes across an article worth reading, it will recommend it and quote from it. This is written by Farooque Chowdhury, from Dhaka, Bangladesh and published on the Countercurrents website

The World Meteorological Organization released a report ‘State of the Global Climate 2020′  on April 19, 2021, which has warned: Time is fast running out.

In 2019, according to the UN report, GHG concentrations reached new highs:

Carbon dioxide: 410.5±0.2 ppm = 148% of preindustrial levelsMethane: 1877±2 ppb = 260% of preindustrial levelsNitrous oxide: 332.0±0.1 ppb = 123% of pre-industrial levels.

The report said: In 2020, global mean surface temperature (GMST), measured using a combination of air temperature two meters over land, and sea surface temperature in ocean areas from various databases, was 1.2 ± 0.1 °C warmer than the pre-industrial baseline (1850-1900), Despite developing La Niña cooling conditions, 2020 was one of the three warmest years on record, and the last decade, 2011-2020, was the warmest on record.

The report said:

“Since the mid-1980s, Arctic surface air temperatures have warmed at least twice as fast as the global average, while sea ice, the Greenland ice sheet and glaciers have declined over the same period and permafrost temperatures have increased.“This has potentially large implications not only for Arctic population, infrastructure and ecosystems, but also for the global climate through various feedbacks.”“Around the world”, the report said, “[r]ising global temperatures have contributed to more frequent and severe extreme weather events […].”

Extremes

As example of extreme weather incidents, the report mentioned extreme precipitation in 2020, and said:

“Regions with unusually high precipitation amounts […] included East and North-East Africa, South and East Asia, south-eastern North America and the Caribbean and North-East Europe.

“Unusually low precipitation amounts were observed in Southern and North-West Africa, South America, North-East and West Asia, south-western and north-eastern North America and northern New Zealand.”

Ocean warming

Oceans are “the destination” of around 90% of the excess energy that accumulates in the earth system due to increasing concentrations of the GHG. Ocean Heat Content (OHC), a measure of this heat accumulation in the Earth system, is measured at various ocean depths, up to 2000m deep. Ocean warming rates, according to the report, “show a particularly strong increase in the past two decades across all depths.”

The report said:

“In 2019, the 0–2000m depth layer of the global ocean reached a new record high, and a preliminary analysis based on three global data sets suggests that 2020 exceeded that record.”“In 2020, more than 80% of the ocean experienced at least one MHW, causing significant impacts to marine life and the communities that depend on it.”“Globally, sea level has been rising an average of 3.29 (+/- 0.3) mm per year, peaking in 2020. A small decrease in the latter part of 2020 is likely related to La Niña conditions in the tropical Pacific.”

Glacial loss

On glacial loss, the report said:

“[G]laciers continued to lose mass in the hydrological year 2019/2020.”“Although, mass balance was slightly less negative, with an estimated ice loss of 0.98 meter water equivalent, there is a clear trend towards accelerating glacier mass loss in the long term.”“Eight out of the ten most negative mass balance years have been recorded since 2010.”

Sea ice

On sea ice, a useful indicator of climate change particularly given the speed of change occurs at the poles and the extent of the repercussions of its cover, the report said:

“Antarctic sea ice remained close to the long-term average”.“In the Arctic, the annual minimum sea-ice extent was the second lowest on record and record low sea-ice extents were observed in the months of July and October 2020.”“Oceans absorb around 23% of the annual emissions of anthropogenic CO2 to the atmosphere, helping to alleviate the impacts of climate change but at a high ecological cost to the ocean.”

It said: “Global mean ocean pH has been steadily declining”.

The report said that increasing global warming are risking achieving of the Sustainable Development Goals (SDG).

Displacement of people

It said:

“Over the past decade (2010–2019), weather-related events triggered an estimated 23.1 million displacements of people on average each year.”“Approximately 9.8 million displacements, largely due to hydrometeorological hazards and disasters, were recorded during the first half of 2020, mainly concentrated in South and South-East Asia and the Horn of Africa.”“Events in the second half of the year, including displacements linked to flooding across the Sahel region, the active Atlantic hurricane season and typhoon impacts in South-East Asia, are expected to bring the total for 2020 close to the average for the decade.”

Food insecurity

Food insecurity, the report said, grows out of climate variability and extreme weather incidents, along with economic slowdown and conflicts. It said:

“In 2020, over 50 million people were doubly hit – by climate-related disasters (floods, droughts and storms) and by the COVID-19 pandemic.”“Nearly 690 million people, or 9% of the world population, were undernourished, and about 750 million, or nearly 10%, were exposed to severe levels of food insecurity in 2019.”

The UN report warned: “Overall in 2020, the world remained on course to exceed the agreed temperature thresholds of either 1.5 °C or 2 °C above pre-industrial levels, which will increase the risk of experiencing the pervasive effects of climate change beyond what is already seen. Thus while reducing greenhouse gas emissions remains essential, scaling up adaptation is an urgent need.” The report has suggested massive effort from the governments of the world.

The report is a burning example of the world capitalist order – everything for profit, demolish and destroy for profit, nothing to consider, but profit…

Is there some sort of capitalism, which is non-catastrophic? And was there any phase of the system, when it was not acting catastrophic? Never and never was it…

 …the source of the crisis – capitalist system – isn’t the problem. To the part, climate crisis is a commodity connecting many, as other commodities connect. It’ll try its best to reap a higher profit from the emerging market. It’s aware of this emerging market. To reap profit, it’ll keep the profit-making system intact. So, the source of the crisis will continue hurting people as it hurts today, as it hurt yesterday, because, profit can’t be made without exploiting labor and nature.

 Farooque Chowdhury 

Full text can be read at:

Climate crisis: Time is fast running out, and World Bank changes tone | Countercurrents