5 ms·
On the face of it $76m seems like a staggering amount of money. Then we learn that the foundation dedicates $3b a year, and this seems like a drop in the bucket
by pselbert 9y ago
On the face of it $76m seems like a staggering amount of money. Then we learn that the foundation dedicates $3b a year, and this seems like a drop in the bucket.
Amazing what massively focused resources can accomplish.
- yipopov 9y agoAlso a drop in the bucket compared with Nigeria's oil revenue. Why do they need charity to pay off the loan? This is clearly the Gates just engaging in corruption while making it look like they're "helping out".
- labster 9y agoYes, truly how terrible they are to spend money encouraging the eradication of polio.
- comicjk 9y agoNot to mention, polio spreads! If you can eradicate polio in a country for a paltry $100 million, it's in other countries' interest to do so, even if some of the money gets stolen. This is the difference between traditional charity evaluation (which seeks honest management) vs effective altruism (which seeks good done per dollar).
- simplemath__ 9y agoexactly! People can't look past the egregious* waste of money to see that it isnt a waste at all, even if Nigeria should have repaid the debt or Japan should have forgiven it. None of that matters! The result matters! Eradicating polio matters!
- yipopov 9y ago>Yes, truly how terrible they are to spend money encouraging the eradication of polio. Yes, that was what the loan was for. Even if it all went to its intended purpose, that doesn't excuse apparently not budgeting for any repayment. I expect that money is currently lining someone's pocket in Lagos. I'd have been more impressed if they spent the money directly to tackle the next challenge and letting the politicians answer personally to Japan regarding the whereabouts of their money. Instead they are encouraging more loans and more corruption.
- deleted 9y ago[deleted]
- BookmarkSaver 9y agoYeah, the Gates Foundation only cares about their image, they're really just in the pocket of Nigerian oil tycoons. LMAO. Or, you know, there are tens of millions of people in Nigeria suffering from problems unimaginable in the West, and their goal is to help children and eliminate diseases rather than wait for fundamental governmental reform that won't occur for decades at least.
- yipopov 9y agoLook, Nigeria is swimming in money yet remains a shithole. The Gates Foundation "donation" is only a replacement for tax money that went into somebody's pocket instead of being used for what taxes are meant to be used for, whether paying loans or building a healthcare system. I never said they were in the pocket of the oil tycoons. The oil tycoons aren't the ones embezzling the country's entire national budget.
- simplemath__ 9y ago>shithole you're tipping your hand a little much
- JumpCrisscross 9y agoThis user has a track record on this front [1]. [1] https://news.ycombinator.com/item?id=16127928 https://news.ycombinator.com/item?id=16127928
- thisacctforreal 9y agoI find these style of comments very distasteful.
- cornyNetHandle 9y agoWhy?
- btilly 9y ago
- sctb 9y agoSince we've already asked you not to start flamewars by posting unsubstantively, we've banned this account. We're happy to unban accounts if you email us at hn@ycombinator.com and we believe you'll start posting within the guidelines. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html