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Which is better? Just giving away money or targeted investment on critical research/development and social needs to inflict a lasting change (without taking an
by pavs 16y ago
Which is better?
Just giving away money or targeted investment on critical research/development and social needs to inflict a lasting change (without taking any profit)?
Would you drop few billion dollars on Africa or would you make investments to create long-term industry that will give people jobs and help them help themselves?
I think what Paul/Gates/Buffet and others are doing is great, but I think we have to start looking at ways to make maximum impact instead of feel-good philanthropy to non-profit organization.
IMO ofcourse.
- chime 16y agoCalling the Gates Foundation some feel-good philanthropy is doing a disservice to everyone who has contributed towards global health and development: > Our work in infectious diseases focuses on developing ways to fight and prevent enteric and diarrheal diseases, HIV/AIDS, malaria, pneumonia, tuberculosis, and neglected and other infectious diseases. > http://www.gatesfoundation.org/global-health/Pages/overview.aspx http://www.gatesfoundation.org/global-health/Pages/overview....
- hnal943 16y agoDid you read the article? Allen is not planning to "drop a few billion dollars on Africa." He's making specific charitable investments, just like you suggest.
- josefresco 16y agoThe efforts by these tech and finance giants are definitely not "feel-good philanthropy". That's prob the most insulting thing I've heard said about their work considering that it's one of the largest philanthropic undertakings ... ever.
- SoftwareMaven 16y agoIn order to do what you are suggesting, infrastructure and education needs to exist. You aren't going to worry about working on your cool start-up if you need to cart clean water 2 miles on your shoulders every day and your kids are sick with malaria.