Africa: On the gutting of the Global Fund

'Just think of these figures: The third quarter profits for Morgan Stanley $2.2 billion; for Wells Fargo $4.1 billion; for J.P. Morgan Chase $4.6 billion; Bank of America $6.2 billion...these were the banking outfits that helped to fashion the near-depression. Remember all these figures are this year, well after the fiscal calamity of three years ago. Or take the oil companies in the third quarter of 2011: BP, despite paying out billions in compensation for the oil spill, made $5.1 billion; Shell made $7 billion; Mobil Exxon came in at $10.3 billion. And we can’t find money for the Global Fund? Is there any better definition of the 1%? And I haven’t even enumerated the restoration of corporate bonuses. Do you see what’s at work here? In the reckless haste to coddle the multinationals, global public health has taken a merciless hit. And here’s something else to think about. Not a one of these companies has given a direct nickel to the coffers of the Global Fund, despite endless requests that they do so. And BP, Shell and Exxon Mobil are all members of the Global Business Coalition Health (GBCHealth), successor to the Global Business Coalition on HIV/AIDS.'