4 ms·
Uhm, perhaps that’s why it’s better to delegate this kind of impactful organizations non-personal institutions driven by long-term societal discourse and paid b
by eecc 5y ago
Uhm, perhaps that’s why it’s better to delegate this kind of impactful organizations non-personal institutions driven by long-term societal discourse and paid by the general public through taxation?
- jacquesm 5y agoAbsolutely.
- graeme 5y agoThe Gates foundation has an endowment of $49.8 billion. That isn’t annual additions. That is all the money. The US federal govt spends $85.9 billion a day. That is just federal, not state or municipal. https://datalab.usaspending.gov/dts/?start=20210330&end=20210430&frequency=today&category=All%20Categories https://datalab.usaspending.gov/dts/?start=20210330&end=2021... The US alone could very easily set up a foundation with similar funding. What makes the Gates Foundation special are the ideas and networks of the creators.
- mjfl 5y agoAre you telling me that the private allocation of resources is more efficient than public?
- ninjaku 5y agoThere's a reason why the Soviet Union collapsed and China liberalized their economy
- eecc 5y agoPrivate vs. Public is not the discriminating point, centralization is. The Soviet Union went down because it represented an attempt at strictly centralized management, coupled to punitive information management where any feedback was assumed to be dissent and swiftly repressed. As you may know, negative feedback systems are the key to stability and USSR is a case study of everything the opposite. China is hardly a legit market economy, more of a compromise to afford some autonomy of judgement and decentralization.