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12 March 2025

How COVID-19 Vaccines Inhibited Real Change

Cameron Abadi and Adam Tooze

As the world marks four years since the spread of COVID-19, scientists, public health officials, and economists are taking stock—with decidedly mixed results. Millions of people around the world died from COVID-19 or related diseases. But millions were also saved by vaccines. In a study published in 2021, scientists put the chances of a major pandemic occurring in any given year at 2 percent—a daunting figure, given the death and damage wrought by COVID-19.


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