RUTHFULLY YOURS

https://www.nationalreview.com/2021/05/punishing-success-the-biden-administration-vaccines-and-intellectual-property/?utm_

Waiving IP protections for vaccines will destroy the innovative industry that made the pandemic-ending vaccines possible.

The Biden administration has apparently learned the wrong lessons from the COVID-19 pandemic. In a recent statement, U.S. Trade Representative Katherine Tai announced the “Biden-Harris Administration’s” support for waiving intellectual-property protections for COVID-19 vaccines — a move that will destroy the innovative industry that made the pandemic-ending vaccines possible.

It is hard to overstate the pharmaceutical industry’s accomplishments of the past year. It normally takes ten years and billions of dollars to develop vaccines for new diseases caused by novel viruses. Yet only ten months after SARS-CoV-2 — the virus that causes COVID-19 — was identified, two new vaccines were developed, tested, and authorized for emergency use by the FDA. Two months later, Johnson & Johnson added a third vaccine, and now other entrants including AstraZeneca (already approved overseas) and smaller companies, Curevac and Novavax, are waiting in the wings.

These accomplishments stem from the patent protection, including temporary monopoly pricing, that incentivizes innovation and generates the profits to fund it. Innovative new medical products often lower the effective price of health care by providing previously unavailable treatments at patent-protected prices that fall as competing products, and eventually generics, come to market. While these patent-protected prices can initially be high, they often provide effective treatment and health that was previously unavailable at any price — the first drugs for HIV were expensive but lifesaving and prices declined as competing drugs and cheaper generics became available.

COVID-19 vaccines are the only path to ending the pandemic, and their value must be measured against the pandemic’s costs. The cost of efforts to slow the pandemic in the U.S. via a nationwide shutdown of “nonessential” economic activities approach $7 trillion per year (roughly $20 billion per day), even without accounting for medical expenditures and valuation of lives lost (roughly a $2.5 trillion valuation of the 580,000 deaths so far).

https://www.realclearpolitics.com/articles/2021/05/09/the_social_justice_mob_tries_to_do_to_tech_what_it_did_to_academia_145731.html

The same tactics used to suppress dissent in academia — with the goal of making colleges “safe spaces” that feel “welcoming” to snowflakes — have graduated to the tech world.

Fortunately, rather than let activists do to their startups what they did to academia, some CEOs are fighting back.

This episode begins when a new employee at Basecamp, a Chicago-based software firm, formed a diversity, equity and inclusion (DEI, as it is known) committee to improve workplace diversity.

In short order, the atmosphere at Basecamp became so toxic that management told staff to stop pushing their politics at work.

“No more societal and political discussions on our company Basecamp account,” CEO Jason Fried announced in a blog post. “It’s a major distraction. It saps our energy, and redirects our dialogue toward dark places.”

The Verge’s Casey Newton reported that a third of Basecamp’s roughly 58 employees planned to quit.

ttps://johnmcwhorter.substack.com/p/can-we-please-ditch-the-term-systemic?token=eyJ1c2VyX2lkIjo5

The Elect are direly committed to teaching us the difference between personal racism and systemic racism. It is considered the fulcrum of true wokeness to understand that racism is systemic, with the idea that to understand this is to have achieved a maximal comprehension of sorts, a kind of pure, Kantian wisdom from which we can proceed to … well, celebrating one another for having achieved it, roasting those who seem not to have, and calling that “antiracism.”

But if the mantra is that what we need to do to solve black America’s problems is “get rid of systemic racism,” we’re in trouble. That analysis, be it explicit or tacit, is based on a third-grader’s understanding of how a society works. More importantly, that analysis does not help black people and often hurts us.

* * *

First let’s review what systemic racism means. There are inequities between whites and blacks. The reason is not that blacks are inherently less capable than whites. This presumably means that the discrepancies are traceable to devaluation of black people of some kind at some point in the pathway. This devaluation, even if not conscious, is a kind of racism, and this means that the society “is racist.” Thus the way to get rid of this kind of discrepancy is to undo the racism in the system.

But note that if we take this as a succession of logical statements rather than as a musical sequence valuable primarily because the term racism is intoned within it, then we hit a snag. Just what do we do to undo “racism” that is bound up in a complex system, and especially given that the system has a past that is unreachable to us now, as well as a present?

Here, The Elect burn to insist that, well, systemic racism exists anyway! And you the reader may want to reiterate that systemic racism exists. It does. There are indeed such discrepancies. The question is not whether they exist, but what one does about them.

“Undoing the racism in the system,” in this light, is word magic, not an intelligent prescription for change in the real world. Grouchy? Not really – just grounded. Here’s an example.

https://www.wsj.com/articles/bidens-latest-jobs-whopper-11620685389?mod=opinion_lead_pos11

President Joe Biden’s empty boasts about his economic plan are going to make Americans long for the understatement of Donald Trump. They may already be longing for Trump-era policies on job creation.

One Trump proposal that never came to fruition is nonetheless instructive in demonstrating the modesty of the Trump economic team compared with the Biden braggadocio.

In March of 2018, the Trump White House’s Council of Economic Advisers sketched out a plan and described the likely results:

In this paper, CEA investigates the likely impacts from a comprehensive public infrastructure program. The program includes a 10-year, $1.5 trillion program of infrastructure investment as well as new administrative and regulatory policies intended to increase efficiency and speed delivery of infrastructure projects…
The President’s plan would likely result in the employment of 290,000 to 414,000 additional infrastructure workers, on average, over a 10-year window, although these employment gains may be offset by losses elsewhere in the economy.

As President, Mr. Trump did implement some valuable regulatory reforms, but never reached an agreement with Congress on new infrastructure spending. Now consider the $2.7 trillion Biden plan, which doesn’t include the Trump regulatory reform agenda and spends far more in total but less on actual infrastructure. On Thursday in Lake Charles, Louisiana President Joe Biden said, according to the official White House transcript:

Everything we’re — we’re gone through is now the, sort of — the blinders have been taken off the American people. They know how bad of shape things are in. But it creates — if we move — all the economists, including the liberal as well as conservative think tanks, point out what we’ll create when we pass this Jobs Plan — we’ll create up to 16 million good-paying jobs. Not $8 an hour or $12, not $15 — prevailing wage jobs. Wages you can raise a family on.