Thursday, May 7, 2009

Tsk Tsk, Mr. Gates...

A brief tidbit in the journal from the very leftist, progressive Canadian Centre for Policy Alternatives (CCPA) reports that The Bill and Melinda Gates Foundation--the multibillion dollar charity funded through Bill's not-so-modest stake in Microsoft--has given $5.4 million to a technology firm funded by Monsanto.

The money is to be put towards lobbying African governments and promote the entry of genetically modified crops (GMOs) to the continent, which, in all likelihood, will largely be provided by Monsanto. As I've blogged about before, GMOs can be beneficial. But as I also mentioned, it is the nature of the GMO industry that should be very concerning for the world's population and Monsanto's presence in this group is quite worrying.

Although I did not have incredibly detailed knowledge about the Gates' foundation, I did think of it as a wonderfully beneficial group. Their work in the prevention and treatment of HIV/AIDS and other diseases has been particularly notable. But this new donation strikes them down a few notches on the 'awesome pole'. 

The trouble with such a situation is the deep respect, resources and connections the Gates' foundation has. Warren Buffett (now the world's third richest man, but last year topped the list) provided the foundation with nearly $30 billion worth of shares (paid over time) from his investment company, Berkshire Hathaway. That'll be one hell of a tax receipt. But I can't think of any other charity in the world that would be getting anything close to $30 billion.

So if people think the Gates' foundation is doing good in the world, then they're sure to follow suit. In this case, they're following in the wrong direction. As the CCPA said, the floodgates could open up wide. Very wide. 

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