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