Matthew Lynn Matthew Lynn

In defence of vaccine nationalism

Russian president Vladimir Putin and US leader Donald Trump (Getty images)

Donald Trump is, perhaps predictably enough, pulling out of the World Health’s Organisation’s global vaccine programme. The Russian president Vladimir Putin has been cutting every corner to get a Russian shot out first, while allegedly sending spies to steal the Oxford one. And China is racing to have the first vaccine on the market, already trying one out on the military, and allegedly hacking the US company Moderna. As the Covid-19 crisis drags out, ‘vaccine nationalism’ is rampant.

Everyone from the WHO to the European Union to the United Nations solemnly condemns that. We all have to work together to find a vaccine, and then distribute it fairly, we keep being told. Countries shouldn’t take short cuts, they shouldn’t indulge in great power politics, and they certainly shouldn’t try and use a vaccine for political ends or to bolster national prestige. If ever a crisis required global co-operation, and sharing knowledge and resources, it is surely this one? The vaccine nationalists risk hurting all of us.

But hold on. Is that really true? Of course, you can make almost anything sound bad by attaching the word nationalism to it (try it after dinner and a few glasses of wine sometime). And yet some great power rivalry over a vaccine for Covid-19 will benefit all of us. Why? Because it will spur competition to create a shot more quickly, and that will make sure resources are thrown at it.

The US may not be co-operating with the WHO programme but its ‘Operation Warp Speed’ could yet turn into the 21st-century equivalent of the Manhattan Project that developed nuclear power during World War II. Putin’s Sputnik vaccine may involve some childish breast-beating, but its name is also a reminder that one of the great scientific achievements of the 20th century – the exploration of space – was also driven by great power rivalry.

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Matthew Lynn
Written by
Matthew Lynn
Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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