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Philanthrocapitalism and Global Health Policy in the Context of Bioethics

Philanthropy is one of the most popular trends among the world wealthiest individuals. Thanks to immense wealth, philanthropic billionaires have unprecedented power in creating education policy, directing the development of global agriculture and dictating trends in global health policy. As a result, large charities replace state institutions as social services providers. Because of its size, financial power, and political influence, philanthrocapitalists, such as Bill Gates, successfully embody their vision of global problem solving, focusing on the consequences rather than eliminating the causes. This is particularly evident in the example of creating global health policy. This paper will analyze the impact of the Bill and Melinda Gates Foundation on global health policy with particular emphasis on the global fight against infectious diseases such as malaria, tuberculosis, and AIDS using Global Fund and Gavi Vaccine Alliance. Furthermore, we will focus on Gates' influence on creating the World Health Organization global healthcare policy since the Gates Foundation is the largest private donor of the World Health Organization. In this paper, we will investigate the phenomenon of philanthrocapitalism through integrative- bioethical analysis of the activities of Gates Foundation on an example of vaccination policy and show that, despite their unquestionably noble motives, we must not leave the creation of global health policy in the hands of the individual, even if he was Bill Gates.

philanthrocapitalism, Bill Gates, bioethics, Global Health Policy, Global Fund, World Health Organization,

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