The Food and Drug Administration’s approval of the Johnson & Johnson vaccine could be a game-changer for developing countries all over the Western Hemisphere. But not as long as governments restrict access to such innovation in the name of that old Latin-American shibboleth: social justice.
States across the region justify control of vaccines under the guise of “public health.” But governments’ monopoly power over regulatory approval and procurement of Covid vaccines and treatments hasn’t served the common good. Most governments have bungled things. Only Chile’s entrepreneurial President Sebastian Piñera seems to have anticipated the high global demand for the first vaccines. He signed contracts to secure supply for his country early. The rest of the region came late to the game.
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