Australia races back into global vaccine lead (or not)

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Is the press joking or what? The AFR:

  • Australia has “snapped up” 25m doses of Moderna vaccine.
  • 10m this year on no disclosed date and 15m boosters next year.
  • We are in discussions to manufacture locally.

The phrase “snapped up” in the Merrium-Webster dictionary is defined as “to buy or take (something or someone) quickly or eagerly”.

Is that what is going on here? Or, should this rather be reported as the Morrison Government being so slow and inept in its procurement policy that we have now bought the dregs of Moderna’s out-of-date first-generation vaccine.

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At least we will get some of the new, though when that arrives is anybody’s guess. Probably in Deccember 2022 when the third generation version is in the offing.

Meanwhile, Morrison’s rollout is still trailing Borat’s:

The only thing that Morrison Government has “snapped up” is the worst case outcome for a once per century immunisation program..

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.