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JonLP24

(29,929 posts)
61. Who is it helping is my question?
Tue Jul 21, 2015, 12:05 PM
Jul 2015

Looks to me more of tax dodge or corruption loophole

Bill & Melinda Gates Foundation Trust Investments

The foundation appears to have the following stakes in investments:[citation needed]

Arcos Dorados Holdings ~ 2.36% stake
AutoNation, Inc. ~ 1.56% stake
Berkshire Hathaway Class B Stock ~ 6.59% stake
British Petroleum ~ 0.24% stake (US$372 million[34])
Canadian National Railway Co. ~ 2.06% stake
Caterpillar, Inc. ~ 1.77% stake
Coca-Cola Co. ~ 0.77% stake
Crown Castle International Corp. ~ 1.60% stake
Exxon Mobil ~ 0.19% stake
FedEx Corp. ~ 0.97% stake
FEMSA ~ 3.06% stake
Liberty Global ~ 2.12% stake
McDonalds Corp. ~ 1.09% stake
Republic Services, Inc. ~ 0.37% stake
Shell - US$5.5 million[34]
Televisa ~ 2.94% stake
Wal-Mart ~ 0.36%[35] stake
Waste Management, Inc. ~ 3.97% stake

The foundation trust invests undistributed assets, with the exclusive goal of maximizing the return on investment. As a result, its investments include companies that have been criticized for worsening poverty in the same developing countries where the foundation is attempting to relieve poverty.[34][36] These include companies that pollute heavily and pharmaceutical companies that do not sell into the developing world.[37] In response to press criticism, the foundation announced in 2007 a review of its investments to assess social responsibility.[38] It subsequently cancelled the review and stood by its policy of investing for maximum return, while using voting rights to influence company practices.[39][40]

<snip>

Both insiders and external critics have suggested that there is too much deference to Bill Gates's personal views within the Gates Foundation, insufficient internal debate, and pervasive "group think."[72][74] Critics also complain that Gates Foundation grants are often awarded based on social connections and ideological allegiances rather than based on formal external review processes or technical competence.[74]

Critics have suggested that Gates' approach to Global Health and Agriculture favors the interests of large pharmaceutical and agribusiness companies (in which Gates invests) over the interests of the people of developing countries.[75][76][77][78]

https://en.wikipedia.org/wiki/Bill_%26_Melinda_Gates_Foundation#cite_note-40

The last 2 paragraphs is pretty consistent elsewhere, no doubt puff pieces are everywhere but who even knows except all the relevant history of most of the world's top monopolies exploiting the resources of the African poor, unless they speak up about that rather than investing but I'm beginning to understand the foundation and who it helps. Monsanto has a "reputation" and well deserved one, numerous -- something like Stevia which CarGill comes into the picture there.

Why is the Gates foundation investing in GM giant Monsanto?

The Bill and Melinda Gates Foundation's investments in Monsanto and Cargill have come under heavy criticism. Is it time for the foundation to come clean on its visions for agriculture in developing countries?



The Bill and Melinda Gates Foundation, which is sponsoring the Guardian's Global development site is being heavily criticised in Africa and the US for getting into bed not just with notorious GM company Monsanto, but also with agribusiness commodity giant Cargill.

Trouble began when a US financial website published the foundation's annual investment portfolio, which showed it had bought 500,000 Monsanto shares worth around $23m. This was a substantial increase in the last six months and while it is just small change for Bill and Melinda, it has been enough to let loose their fiercest critics.

Seattle-based Agra Watch - a project of the Community Alliance for Global Justice - was outraged. "Monsanto has a history of blatant disregard for the interests and well being of small farmers around the world… [This] casts serious doubt on the foundation's heavy funding of agricultural development in Africa," it thundered.

But it got worse. South Africa-based watchdog the African Centre for Biosafety then found that the foundation was teaming up with Cargill in a $10m project to "develop the soya value chain" in Mozambique and elsewhere. Who knows what this corporate-speak really means, but in all probability it heralds the big time introduction of GM soya in southern Africa.

The two incidents raise a host of questions for the foundation. Few people doubt that GM has a place in Africa, but is Gates being hopelessly naïve by backing two of the world's most aggressive agri-giants? There is, after all, genuine concern at governmental and community level that the United State's model of extensive hi-tech farming is inappropriate for most of Africa and should not be foist on the poorest farmers in the name of "feeding the world".

The fact is that Cargill is a faceless agri-giant that controls most of the world's food commodities and Monsanto has been blundering around poor Asian countries for a decade giving itself and the US a lousy name for corporate bullying. Does Gates know it is in danger of being caught up in their reputations, or does the foundation actually share their corporate vision of farming and intend to work with them more in future?

The foundation has never been upfront about its vision for agriculture in the world's poorest countries, nor the role of controversial technologies like GM. But perhaps it could start the debate here?

http://www.theguardian.com/global-development/poverty-matters/2010/sep/29/gates-foundation-gm-monsanto

If all lives matter -- right now I'm having internet connection issues (happens when looking for the sources back and forth) Will update with the other stuff, have to load the pages back up and that's forcing a wall to my connection) read down the wiki page 'cause I can't load it right now to copy the corporate education, privatizing, etc. Who invests in Shell who owns Nigeria to do the right thing?

Recommendations

0 members have recommended this reply (displayed in chronological order):

This is what happens when you miss a meme. n/t PoliticAverse Jul 2015 #1
yup, all they needed to do was put a simple (CC) in the mass email or better yet, "respond to all" still_one Jul 2015 #2
Yeap... They don't realize ALM goes without saying uponit7771 Jul 2015 #36
Wow! marym625 Jul 2015 #3
I will never understand why "All lives matter" invalidates "Black lives matter". SolutionisSolidarity Jul 2015 #4
It is because the BLM movement feels that by saying "all lives matter" one is not CTyankee Jul 2015 #5
I'm condescending to people who think "All lives matter" is a response to "Black lives matter". SolutionisSolidarity Jul 2015 #17
OK, I see your point now...sorry for my misunderstanding...next time I'll read more closely... CTyankee Jul 2015 #43
Do we need an additional movement for "Hispanic lives matter"? lostnfound Jul 2015 #75
I don't see why they can't march under the same umbrella. SolutionisSolidarity Jul 2015 #81
I agree. And it is black lives that are being taken in large numbers. So Black Lives Matter is jwirr Jul 2015 #29
It's simple and not that hard to understand brush Jul 2015 #7
I understand the anger at using "All lives matter" as a dismissive response. SolutionisSolidarity Jul 2015 #21
I don't think "all lives matter" when used by progressives is an attack on "black lives matter" brush Jul 2015 #52
"brutalized and killed almost daily by racist cops." Lizzie Poppet Jul 2015 #62
Just a side note . . . brush Jul 2015 #65
Wrong. Not exaggerating at all heaven05 Jul 2015 #68
White lives are taken by the police as well madville Jul 2015 #28
And there are 5.89 times as many whites as blacks in this country . . . markpkessinger Jul 2015 #30
Whites are not targeted because of race brush Jul 2015 #31
Whites aren't 21 times more likely to be shot by police though... uponit7771 Jul 2015 #33
I'm going to get in trouble leftynyc Jul 2015 #45
Can't believe you came in here with this tired crappola brush Jul 2015 #47
I'm well aware leftynyc Jul 2015 #50
Those that weigh the black lives matter movement with black-on-black crime are not allies brush Jul 2015 #51
Well, if you can find leftynyc Jul 2015 #54
So you pivot to this . . . brush Jul 2015 #55
Oh for Heaven's sake leftynyc Jul 2015 #56
It is BS when you bring up that tired old black-on-black meme . . . brush Jul 2015 #64
It would be more like you saying the wine was from Bordeaux gollygee Jul 2015 #10
You are right. I thought about changing it afterward but decided to leave it. SolutionisSolidarity Jul 2015 #22
You are right, it does NOT invalidate it still_one Jul 2015 #13
It is letting the right wing define the conversation. We let them own the Mojorabbit Jul 2015 #27
"All lives matter" is an attempt to divert attention away from the racial component . . . markpkessinger Jul 2015 #32
It's called HughBeaumont Jul 2015 #48
Excellent mocking of the Concerns of the AA community. zappaman Jul 2015 #6
You are so full of it still_one Jul 2015 #15
No really. zappaman Jul 2015 #16
I just watched Montel Williams say all lives matter... CANDO Jul 2015 #41
Don Lemon and Montel Williams? brush Jul 2015 #71
Oh, now even more exclusivity? CANDO Jul 2015 #77
Sometime well-intentioned "allies" need to just listen and learn brush Jul 2015 #78
I get it CANDO Jul 2015 #80
No one is excluding anyone from the "black lives matter" movement brush Jul 2015 #82
Are you mocking Black Lives Matter and their objection to the phrase KittyWampus Jul 2015 #8
No, but I am responding to some posts on DU that strongly imply that when a still_one Jul 2015 #14
Ahhh . . . it is kinda insensitive . . . brush Jul 2015 #72
God damn if reading DU anytime something race-related comes up... Spider Jerusalem Jul 2015 #9
No doubt. n/t gollygee Jul 2015 #11
It is a good article, and as you say worth reading, but that really wasn't my point still_one Jul 2015 #19
Try this explanation to understand. antiquie Jul 2015 #86
What's to disagree with? Henryville Jul 2015 #12
The minimizing of the fact that in practice Black lives don't matter and all... uponit7771 Jul 2015 #37
Black lives matter. Glassunion Jul 2015 #18
My point was if someone says that "all lives matter", does not mean that person is insensitive still_one Jul 2015 #23
+1 Very well said. /nt RiverLover Jul 2015 #26
ALM started on Storm Front iirc either way its minimizing seeing that's not reality uponit7771 Jul 2015 #34
yes they did restorefreedom Jul 2015 #20
Not only do hey say it, but those 3 live it! Township75 Jul 2015 #24
yes they do still_one Jul 2015 #25
Wingers who came up with the phrase to minimize the reality that black lives do NOT matter in the US uponit7771 Jul 2015 #35
Semantics. moondust Jul 2015 #38
Their use of ALM is tone deaf, like saying to aids patients that ALM diseases matter... uponit7771 Jul 2015 #39
BLM moondust Jul 2015 #42
ALM meaning is clear and still minimizing the fact that Black's are disproportionally shot by cops uponit7771 Jul 2015 #44
exactly still_one Jul 2015 #40
That's why "all lives matter" needs to be avoided brush Jul 2015 #74
Melendez !? WTF? n/t wildbilln864 Jul 2015 #46
It was the autocorrect. I just edited it. Thanks still_one Jul 2015 #49
thank you... wildbilln864 Jul 2015 #70
#WordsMatter... kentuck Jul 2015 #53
All the money they send to Coke & Exxon Mobile JonLP24 Jul 2015 #57
Do you even know what the foundation does? This is about the foundation and who it helps. still_one Jul 2015 #58
Who is it helping is my question? JonLP24 Jul 2015 #61
Whatever still_one Jul 2015 #63
All lives matter. hamsterjill Jul 2015 #59
Are you suggesting...? kentuck Jul 2015 #67
Message auto-removed Name removed Jul 2015 #60
Privilege at its, whitest, richest and best heaven05 Jul 2015 #66
Now billionaires are okay? BainsBane Jul 2015 #69
Superrich White Elite are SENDING THE MEMO daredtowork Jul 2015 #73
This f---g political correctness is redicuous "yes all lives matter"! doc03 Jul 2015 #76
All Lives Matter goes without saying, Black Lives Matter does NOT go without saying in practice uponit7771 Jul 2015 #79
No, it does not go without saying. kentuck Jul 2015 #83
Context matters, here and they should know the context... They're not uninformed uponit7771 Jul 2015 #85
The Horror of hearing that all lives matter instead of specific lives seveneyes Jul 2015 #84
I'm not surprised. Baitball Blogger Jul 2015 #87
Gosh darn them! NaturalHigh Jul 2015 #88
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