The Bill & Melinda Gates Foundation is the largest private foundation in the world. With over $38 billion in assets, the Gates Foundation has the ability to impact the world in a very large way. The foundation claims to be doing just that, with the stated goal of the company being to “enhance healthcare and reduce extreme poverty.” Despite this good-natured mission statement, the foundation’s spending goes against its stated goals in almost every way. Foundation assets are being used for such things as funding the creation of genetically modified mosquitoes, purchasing 500,000 shares of Monsanto, experimental vaccine nanotechnology, and supporting Goldman Sachs.
Monsanto is the company responsible for the creation of Agent Orange, which after being used in the Vietnam War led to over 150,000 being born with birth defects. Over 3 million Vietnamese adults were also negatively impacted. Monsanto also created Posilac, which is more commonly known as bovine growth hormone. This artificial growth hormone synthetically led to higher volumes of milk production in cows, in addition to destroying the animal’s health. However, the damage done was not only limited to animals. In humans Posilac was found to lead to elevated risks of developing a tumor, due to increased levels of IGF (Insulin-like growth factor). Monsanto is now the largest biotechnology company in the world, responsible for genetically modifying a large portion of the world’s food supply.
On August 30, 2010, The Bill and Melinda Gates Foundation purchased 500,000 shares of Monsanto stock. This company has driven thousands of Indian farmers to kill themselves after they were unable to pay mass amounts of debt back to the company. Additionally, the suicide was so prevalent among farmers in the area that it has been dubbed the “suicide belt” of India. Farmers who were promised increased revenue by the biotech giant were soon overcome with debt and regret. Some farmers drank the very insecticide they were given to use on their crops. If the Bill & Melinda Gates Foundation were truly attempting to “reduce extreme poverty,” like their mission statement claimed, then why would they support an organization like Monsanto?