RSS MAGICAL CAPITALISM FAILS IN THE MOST CRITICAL HOUR
Prabir Purkayastha
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2021-05-11 10:52
The incompetence of the Modi government is starkly visible in its handling of the current crisis. It fares even worse on the vaccine front. Its belief in the ideology of free-market capitalism is that the market will magically produce whatever we need. This is why it starved the seven public sector vaccine manufacturing units of any support. And, it also gave the public sector vaccine, Covaxin, developed by ICMR and National Institute of Virology, to a private company, Bharat Biotech. It also believed that Serum Institute of India, another private sector company and the world's largest vaccine manufacturer, would make vaccines in required amounts without orders or capital support. Or that the government might need to intervene to see that India's new Quad ally, the US, does not stop the required supplies we need for vaccine manufacture.