Jul 5, 2012
Corporate Profit Versus Humanity on Three Fronts – The Effect of ALEC Members/Policies on the World
…The Gates Foundation, and Gates personally, also own stock and reap profits from many of these same partner corporations. In addition, the Foundation owns a profit-generating portfolio of stocks which would seem to work against the Foundation’s declared missions…
Gates’ leveraged philanthropy model is a public-private partnership
to improve the world, partly through targeted research support but principally through public advocacy and tax-free lobbying to influence government policy. The goal of these policies is often to explicitly support profitability for corporate investors, whose enterprises are seen by the Gates Foundation as advancing human good. However, maximum corporate profit and public good often clash when its projects are implemented.
For example, chemical giant Monsanto has partnered with the Gates Foundation, which reportedly works to suppress local seed exchanges and environmentally sustainable agricultural practices through its global agricultural charity work. Fraud-prone drug giant GlaxoSmithKline is a partner in the Foundation’s work to leverage its own relatively fractional contribution to vaccination efforts, so that it centrally controls enormous world funds for purchase, pricing, and delivery of vaccines for world public health. And in its U.S. education reform charity work, the Gates Foundation has increasingly shifted its funding to promote market domination by its British corporate education services partner, Pearson Education.
To read all about the ramifications of the various Gates Foundations intentions, please click here