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Episode 146: Bill Gates, Bono and the Limits of World Bank and IMF-Approved Celebrity 'Activism'

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Global Citizen

Jason Johnson: The ip regime is obviously problematic to the extent that it restricts access to lie medicines and technology. But it's also a major mechanism of imperial power in the world economy, he says. 97% of all patents in the worldeconomy are controlled by firms that are headquartered in the global north, writes Johnson. This represents extraordinary monopoly power that enables them to depress the prices of their suppliers while setting final prices artificially high, he adds. "The patent regime maintains poverty wages in the global south, petates global inequality and facilitates a massive net transfer of resources and labor from south to north"

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