In 2014, the value of the world market for vaccines was estimated at $33.14 billion. This market is estimated to be worth $57.8 billion by 2019. It is projected to grow to $100 billion by 2025. This is one of the most lucrative and profitable industries on planet Earth. How crazy is it that this industry is effectively subsidized by the US taxpayer. The industry has been given complete immunity from liability, so it has absolutely no incentive to invest in research and development like industries that must play by free market rules.
Imagine if Volkswagen was playing by the same rules as vaccine manufacturers such as Merck and Pfizer and GlaxoSmithKline and Sanofi Pasteur? Yeah, I’m one of those who bought a Golf diesel thinking I was helping the environment. VW will lose tens of billions of dollars because their execs opted not to play by the rules. They chose to cheat and commit a crime. They got caught, and they’ll have to pay.
Vaccine companies? They don’t have to play by free market rules. They have absolutely no incentives to produce safe and effective products. It doesn’t matter whether their products are safe or effective, because they cannot be sued. They cannot be held accountable for any harm or death caused by their products. Nobody has the right to file a lawsuit in a civil court against a vaccine manufacturer. It’s a free ride.
As Barbara Loe Fisher of the National Vaccine Information Center (NVIC) said this past weekend in Atlanta, this system created by the National Childhood Vaccine Injury Act of 1986 is “a drug company stockholder’s dream and a parent’s worst nightmare. The 1986 law is a failed experiment in tort reform and it should be repealed. The pharmaceutical industry and medical doctors must be held fully accountable and liable for vaccine injuries and deaths in civil court…”
— Marco Cáceres