Since March 2020, forty million Americans filed for unemployment payments. Meanwhile, 40 new billionaires took their places on the world’s richest lists, with many new fortunes created by the pandemic. Culture war grifters have made new fortunes selling alternatives to vaccines. Foreign swindlers have taken advantage of the huge transfer of wealth from federal programs to US households. While the era of the Covid-19 pandemic has been about human lives, it has also turned out to be a real workout for capitalism.
Executives and the biochemists with stakes in the companies that developed vaccines have made incredible profits, as have those running the contract research organizations that directed the clinical trials, and those directing the glass manufacturing businesses that make vials for the vaccines. Riches have come to those who led companies that made gowns and face masks, gloves and hand sanitizers, and those who produced diagnostic tests, digital x-ray analysis systems, and pulmonary products like oximeters. Those who created software for scheduling appointments at mass vaccination sites did as well as antibody treatment manufacturers and home delivery services.
Read the full post at The Turning Point.