alt Hacker NewsFood tends to be a lot easier to produce, and many countries do often subsidize their food production, as well as have mercantilistic policies to ensure food production is kept locally.
Vaccines is a more interesting one, and would be something that might indeed be of interest to a nation. On the other hand I don't think many governments are that concerned about another pandemic, sometimes the discourse regarding it very much sounds like "what are the odds it'll happen again"
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I don't really care for farm subsidies either, but even ignoring that: it's quite a different level of intervention than compulsory purchase. Same with the vaccines. We didn't respond to that crisis by nationalizing AstraZeneca.
My rhetorical point is just that steel gets special treatment probably because it's politically expedient. There are large, politically-relevant parts of the country that are still emotionally tied to the idea that we're an industrial nation. People under the age of 30 still go on about Thatcher and the miners.
There's no real shortage of steel around the world that I know of. We could just stockpile it instead, for example. And in the hypothetical tail-risk scenario this is all supposed to insure against... how do we even get the raw materials for making steel anyway?
Vaccines aren't something you need urgently in a crisis.
A wartime effort has to keep supplies moving daily, or the front collapses.
Whereas the need for vaccines is heavily deferred - your population is already vaccinated in peacetime, and you are unlikely to need to make a novel vaccine over the course of a war, nor vaccinate new population during one either: that large vaccinated population providing herd immunity gives you a lot of runway for children with less access.
> On the other hand I don't think many governments are that concerned about another pandemic, sometimes the discourse regarding it very much sounds like "what are the odds it'll happen again"
Gambler's fallacy will keep striking until we do better, won't it.