Is the Shine Starting to Come Off Bill Gates’s Halo?

The billionaire’s role in perpetuating vaccine apartheid in the name of protecting intellectual property rights has begun to draw criticism.

By Tim Schwab and cross-posted from The Nation.

The announcement earlier this week of Bill and Melinda Gates’s divorce was a bombshell headline, but it shouldn’t distract us from an even more interesting development in the news media in recent weeks. Bill Gates, long heralded as a global hero in the pandemic response, is becoming an increasingly popular target of criticism for his role in the unfolding vaccine apartheid around the world.

News outlets from Salon to the Observer to The New Republic have taken aim at Gates’s efforts to defend Big Pharma’s monopoly controls over Covid vaccines—even in the face of growing humanitarian calls to suspend patents and to compel these companies to share the recipes and technological know-how needed to expand vaccine production and immunize the poor.

The reporting has highlighted the former Microsoft CEO’s hard-wired ideological commitment to patents, intellectual property, and the private sector, but may have understated the full scope of the Gates Foundation’s interests in this debate—like the sprawling array of intellectual property the charity has acquired access to through its grants and investments. Or the fact that the foundation co-owns a vaccine company.

Last October, The Nation reported on a $40 million investment the Gates Foundation made in 2015 in a start-up company called CureVac, which is currently wrapping up clinical trials for its Covid vaccine. The Gates Foundation at one point was the second largest shareholder of the company and had the ability to nominate a member to CureVac’s supervisory board.

The foundation is no longer a leading shareholder, but its 2015 investment may be worth hundreds of millions of dollars today, as last November CureVac agreed to supply up to 405 million doses to the European Commission—a deal that seems to raise new questions about Gates’s role in perpetuating vaccine apartheid. While the Gates Foundation currently stands to financially benefit from CureVac’s prioritizing sales to the wealthiest nations and preserving its intellectual property and patents, doesn’t the foundation’s charitable mission—and related tax benefits—require it to direct immunizations into the arms of the global poor? CureVac and the Gates Foundation both failed to respond to questions about if or how they plan to do so.

But the larger questions raised by their business partnership concerns how Bill Gates, one of history’s most storied monopolists, has found himself so deeply involved in what may be one of the most potent monopoly markets ever devised: a vaccine that virtually everyone on earth needs…

Continue reading the article

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s