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The World Trade Organisation has consistently failed to waive the IP on Covid vaccines. God knows how many people would be alive today if they had.
There is also arguably a market failure in the manufacture of expensive medications e.g. the lack of price competition in the American insulin market.
If waiving patent info reduces incentives for pharma companies to innovate, and refusing to do so costs millions of lives, isn't this evidence that the entire concept of private pharmaceutical companies is problematic and that governments should nationalise these industries, as Cuba did with great success?
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