“US BUYS UP EBOLA GEAR, LEAVING LITTLE FOR AFRICA” (November 25, 2014)
Thus The Wall Street Journal today. “The few global producers are ramping up production, but they are still straining to meet demand, especially since anxiety has risen in the US,” explains the newspaper. This is yet another example of market failure on a global scale. Panic-stricken Americans are richer than Ebola-ridden Africans, and so they suck up the protective clothing, utensils, and equipment even though they do not need them. The United Nations should intervene in such a case to make sure that the gear goes to where it is needed, but this is only wishful thinking. The world is not working. Period. Unfortunately, this is how things will shape up in any future pandemic. In this sense, Ebola offers a useful model of things to come. Americans and Europeans will suck up the gear and drugs needed no matter where the pandemic erupts. And it is more likely to erupt in Africa, Asia, or Latin America than anywhere else. Add climate change to the picture, and the future is in plain sight. Weather disasters, crop failures, famine, disease, unrest, migration…