It’s Time to Socialize Big Pharma
We don’t have to leave ourselves at the mercy of the most profitable sector on Earth to get the drugs we need. We must nationalize the pharmaceutical industry and turn the medicines millions rely on into public goods.

A supermarket pharmacy manager retrieves a bottle of antibiotics from the shelf. (Joe Raedle / Getty Images)
In the early days of the coronavirus outbreak in the United States, Health and Human Services secretary Alex Azar sparked viral outrage. When asked at a congressional hearing about whether any potential COVID-19 vaccine would be made affordable to all, Azar refused to be drawn into a promise. “We would want to ensure that we work to make it affordable,” he replied, “but we can’t control that price, because we need the private sector to invest . . . Price controls won’t get us there.”
His answer was lambasted by commentators: Senator Bernie Sanders called it “an outrage,” and Representative Jan Schakowsky tweeted that Azar was “giving Big Pharma a blank check.” The Verge insisted the move “could put everyone’s health at risk.”
And yet, in the context of a system that relies on a profit-driven pharmaceutical industry to produce lifesaving drugs, Azar’s answer was relatively mundane. These companies’ business models are predicated on high prices and weak regulation, not altruism and the common good.