Encyclopedia of Opinion
Question
What are the conspiracy theories around COVID-19?
Position4 of 6
COVID-19 is economically motivated
Argument2 of 3

Pharmaceutical companies created COVID-19

Disease is a lucrative business for pharmaceutical companies. During the SARS epidemic in the early 2000s, upwards of a $100 billion was spent on combative drugs. COVID-19 is a financial opportunity.

The argument

Pharmaceutical companies make huge amounts of money from pandemics. Even if a vaccine is produced, in countries like America companies will profit hugely off of millions of people paying for it. Author Gerald Posnet stated that “pharmaceutical companies view COVID-19 as a once-in-a-lifetime business opportunity.”

Context

(ALERT: Visit the WHO for accurate information about the coronavirus pandemic)

Premises

[P1]Pharmaceutical companies make huge amounts of money from pandemics. [P2] Even a vaccine would let companies profit hugely from millions of people paying for it in countries like America. [P3] As one author put it, drug companies view COVID-19 as a "once-in-a-lifetime business opportunity." [C] Therefore, on this conspiracy theory that pharmaceutical companies created COVID-19, the pandemic is economically motivated.

Counter-arguments

"Scientists from multiple countries have published and analysed genomes of the causative agent, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2),1 and they overwhelmingly conclude that this COVID-19 originated in wildlife, as have so many other emerging pathogens."

Rejecting the premises

[Rejecting P1] That an industry profits from a pandemic is a claim about consequences, and benefiting from an event is not evidence of having caused it. [Rejecting P2] Anticipated revenue from a vaccine is a further consequence and describes an incentive rather than an act. No mechanism, document, laboratory or person is identified anywhere in the argument. [Rejecting P3] The quoted remark characterises how firms regard a commercial opportunity. It makes no claim about the virus's origin and cannot be read as one. As the counter-argument notes, published genome analyses by scientists in multiple countries point overwhelmingly to a wildlife origin, and the theory offers nothing at all against that evidence.