The EU has
proposed
"we'll try a little harder" as a substitute for unlocking vaccine
production.
The point at the end about the existing WTO for compulsory licensing
of patents is true (though countries including the US
have
pressured countries not to do this), but it is fundamentally
inadequate because it only allows a country to make vaccine for its
own use. Most countries, other than big economies, can't do their own
vaccine manufacturing. The bigger and more capable countries must be
allowed to make vaccine for the smaller/poorer countries.
Globally, the world has to choose between efficiency (and profit), and
finishing the job of vaccinating everyone quickly.
The efficient way to vaccinate everyone is to make just enough vaccine
plants, then run them until they make enough vaccine for everyone.
That costs less but will take a long time.
The rapid way is to keep building vaccine plants, so that the
production will accelerate. This way, we will get enough vaccine to
vaccinate everyone, sooner.
The drawback is that many of those vaccine plants won't run for a
whole year. The expense of running them may seem wasteful. Private
companies would call it wasteful, but so would the governments that
have to pay to get them running. "Why be in such a rush", they will
argue. "We have enough plants now — be patient and you'll all
get vaccine."
However, while billions of people are "being patient", tens or
hundreds of millions of them will be patients, and millions of them
might die from Covid-19.
In addition, the virus might mutate and become even more dangerous
than the Delta and Kappa variants are now. They might kill hundreds
of millions of people.
Producing vaccine as fast as we can until the job is finished
is worth the cost.