How Warren Buffett’s philanthropy secretly funded contraception
By Vincenzina Santoro - Posted at MercatorNet:
Contraceptive market sales in the United States alone were estimated to be US$6 billion in 2013. The major promoters of “family planning products” are known to be some of the world’s richest philanthropists who fund projects and products through their bountiful foundations.
However, one significant controversial development was kept under the radar until a sharp financial journalist recently discovered how a reinvented IUD was funded, researched, approved and became marketable.
The full story was brought to light in a feature article in a recent issue of Bloomberg BusinessWeek. The article’s title read as follows: “IUD Revolution. How the Buffett family is changing birth control in America.” The subtitle was even more revealing: “How the billionaire’s family secretly funded a revolution in birth control.”
Read more here...
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“For Warren, it’s economic. He thinks that unless women can control their fertility—and that it’s basically their right to control their fertility—that you are sort of wasting more than half of the brainpower in the United States,” Judith DeSarno, the Buffett Foundation’s former director for domestic programs, said in a 2008 interview for a reproductive health oral history project. “Well, not just the United States. Worldwide.”
Contraceptive market sales in the United States alone were estimated to be US$6 billion in 2013. The major promoters of “family planning products” are known to be some of the world’s richest philanthropists who fund projects and products through their bountiful foundations.
However, one significant controversial development was kept under the radar until a sharp financial journalist recently discovered how a reinvented IUD was funded, researched, approved and became marketable.
The full story was brought to light in a feature article in a recent issue of Bloomberg BusinessWeek. The article’s title read as follows: “IUD Revolution. How the Buffett family is changing birth control in America.” The subtitle was even more revealing: “How the billionaire’s family secretly funded a revolution in birth control.”
Read more here...
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