The Gateses have created a foundation worth $25 billion, the largest in the world, and have pledged to give it most of the rest of their $41 billion fortune, derived largely from stock in Bill Gates�s company, Microsoft Corp.

I can�t think of a more fantastic way to waste that much money than to spend in on �world health initiatives.� I mean sure, I don�t need more than $5 -10 billion for my personal expenses, but there are much better ways to fritter away one�s wealth than to enrich Africa�s dictators. If Bill Gates really wants to start a �world health initiative,� then he should go after the world�s primary killers: poverty and the oppressive regimes that keep their citizens mired in it. There is only one cure for this ailment, and while it can�t be fixed with any amount of money, it will generate enough wealth to fix all of Africa�s problems: capitalism.

Written by David at October 6, 2003 08:46 PM | TrackBack