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Thomas Pogge

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Philosopher

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Famous Thomas Pogge Quotes

“Our international banking system allows banks to accept funds gained from tax evasion and other crimes and thereby facilitates and encourages embezzlement by public officials, especially in developing countries, as well as tax evasion and tax avoidance by multinational corporations.”

WellsCountryAcceptingCrimeTaxesInternationalDevelopingCorporationsOfficialsFundBankingAvoidanceFacilitateEvasionDeveloping CountriesBanking SystemMultinationalsPublic OfficialsMultinational CorporationsEmbezzlementTax Evasion
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“In the United States there are only two exceptions: banks have to report deposits they suspect to be related to either terrorism or drug trafficking. But if your funds derive from trafficking women and children for sexual exploitation, for example, or from illegal arms trafficking or any other illegal activity, then banks in the US are legally free to accept your money and are not required to report your deposit to the authorities.”

IfsChildrenTwoStatesUnitedAcceptingUnited StatesExampleArmsDrugActivityAuthorityTerrorismRelatedReportsExceptionFundIllegalSuspectsExploitationDepositsTraffickingDrug TraffickingIllegal Activities
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“The massive corruption common in so many developing countries would be quite impossible if Western countries did not provide convenient opportunities to ship ill-gotten funds out of the country. It wouldn't make much sense for a ruler to store in his basement large quantities of stolen cash in his own country's currency. A corrupt ruler wants to be able to keep this money safe and to be able to spend it. And for this, he needs to convert it into a Western currency and store it in a bank abroad, where it can also earn investment returns and be bequeathed to his heirs.”

IfsWantNeedsCountryWould BeAbleOpportunityCommonImpossibleReturnSafeInvestmentWesternIllCorruptionStoresShipsDevelopingFundMassiveCashQuantityRulersCurrencyStolenConvenientHeirsBasementsDeveloping Countries
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“With the Health Impact Fund, the innovation is paid for separately, through publicly funded health impact rewards, and the product is sold at the cost of production to all. Here, the cruel injustice of preventing the poor from buying at cost - evidenced by today's suppression of the trade in generic versions of patented medicines - would no longer be needed.”

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“You can think of the Health Impact Fund as a mechanism that would keep the benefits and burdens of pharmaceutical innovation for the affluent roughly as they are while massively reducing the burdens presently imposed upon the poor. This sounds like magic. But it really works because the current system is not Pareto efficient. It's a system that generates hundreds of billions of dollars in litigation costs and deadweight losses that HIF-registered medicines would sidestep. By avoiding these losses, the HIF reform can bring improvements all around - including for pharmaceutical innovators.”

ThinkingSoundLossPoorMagicCostBenefitsInnovationImpactDollarsMedicineIncludingCurrentsBurdenBillionsImprovementReformFundMechanismEfficientAvoidingWeight LossReducingInnovatorsAffluentPharmaceutical
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“If the Health Impact Fund were to be instituted, a single company would be in charge of a medical product all the way from its conception to the health improvements realized by actual patients. The company would be paid for health impact, and it would have to arrange the entire pipeline in between - all the steps of invention, of clinical testing, of getting marketing approval in many different countries, of wholesalers and retailers and prescriptions and so on - in a holistically optimal way.”

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