Matthew Lynn

The race to find a Covid vaccine has become a global power struggle

For any world leader, inventing the first shot will confer moral and political authority

issue 12 September 2020

It could be the most audacious piece of political theatre of modern times. At the end of next month, just a week or so before Americans choose their next president, we could see Donald Trump standing on the White House lawn in front of a handful of friendly journalists, rolling up his sleeve and looking solemnly into the camera with hardly a wince as a nurse expertly administers America’s newly licensed coronavirus vaccine. ‘We did it,’ he will announce, adding that the biggest mass vaccination programme in history is ready to roll out. ‘An American vaccine that has made America great again.’

Far-fetched? Ridiculous? Perhaps not. Even though trials of Britain’s Oxford vaccine were paused this week, others remain on track. Trump dropped the broadest possible hint about his thinking when he said on Monday: ‘We’ll have the vaccine soon, maybe before a special date. You know what date I’m talking about.’

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Written by
Matthew Lynn

Matthew Lynn is a financial columnist and author of ‘Bust: Greece, The Euro and The Sovereign Debt Crisis’ and ‘The Long Depression: The Slump of 2008 to 2031’

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