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Friday, March 20, 2020

“Here’s the lesson of the virus so far: Relying solely on government bureaucracy is insane.”

Claims that we see in the media that the US now needs to turn to “universal health care” are “fantasy”, according to Kimberly Strassel of the Wall Street Journal.

Here’s the lesson of the virus so far: Relying solely on government bureaucracy is insane. To the extent America is weathering this moment, it is in enormous part thanks to the strength, ingenuity and flexibility of our thriving, competitive capitalist players.

Government will save us? How’s that working out for Italy? … Crucial miscommunication in early days between the central government and hospitals resulted in a system that is now overwhelmed and rationing treatment.

The U.S. is working hard to avoid its own worst-case scenario, and the federal and state governments are playing crucial roles in coordinating resources, imposing public-health measures, and keeping the public informed. But the single biggest mistake so far came from the government. The feds maintained exclusive control over early test development—and blew it. The Centers for Disease Control and Prevention’s failure delayed an effective U.S. response, and the private sector is now riding to the rescue.

The “crooks” at drug company Roche had started on their own high-volume test in January, and were finally able to get approval from the Food and Drug Administration. Google is up with a website advising people on symptoms; retailers like Walmart and CVS are converting parking lots for drive-through tests; private labs are standing by to process them.

As for other “moneyed interests,” no fewer than 30 Big Pharma and small biotech firms are racing for treatments and vaccines. Moderna turned around a vaccine batch in just 42 days. Gilead Sciences is already in Phase 3 trials for its remdesivir treatment for Covid-19. Straight off President Trump’s announcement of FDA approval for antimalarial drugs to treat the disease, Bayer announced it would donate three million chloroquine tablets.

Meanwhile, the loathsome “multimillionaires” at Comcast, Verizon and Sprint are guaranteeing to keep Americans online for the next two months, regardless of who can pay. Adobe and Google are making remote-learning tools available to schools, universities and parents. U-Haul is offering free self-storage to college kids. Fannie Mae and Freddie Mac are suspending foreclosures. The list of corporations voluntarily offering sick leave, pay for contractors and vendors, work-at-home flexibility, and donations to affected communities is enormous—and inspiring, especially given the general financial distress.

Anyone who thinks this would be happening in a socialist America is smoking something. Government doesn’t have anywhere near the money, the speed or the creativity to stay ahead of a crisis like this—and the Trump administration deserves credit for embracing its private-sector partners.

4 comments:

  1. Here's another "business" idea. Not enough N95 masks? Hack the pandemic! 3D printing to the rescue:

    https://copper3d.com/hackthepandemic

    ReplyDelete
    Replies
    1. Private enterprise to the rescue!

      Delete
    2. Indeed! :) Here's more:

      https://twitter.com/travispew/status/1240799624585240582

      Delete
  2. No, no, if we had universal healtchare, somehow our research would be ahead of countries like Australia! (actually saw comments along that line).

    ReplyDelete