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> There are around 2,500 billionaires in the world right now, with a combined wealth of over £10 trillion. Just a fraction of that money is enough to, say, end

> There are around 2,500 billionaires in the world right now, with a combined wealth of over £10 trillion. Just a fraction of that money is enough to, say, end global poverty, eradicate malaria and re-freeze the Arctic. Does anyone know if any of these claims (about what we could do with a fraction of £10 trillion) are remotely true? I highly doubt we could come close to ending global poverty by simply throwing £10 trillion at the problem. Re-freezing the Arctic also seems technically infeasible but I don't know much about it. Eradicating malaria sounds somewhat more realistic I guess?

anononaut 3y ago
They're sensationalist claims. Global poverty, hunger, etc. aren't zero sum games we could win if we just had enough players to give up their equity. There are logistical impossibilities blocking humanity from these types of solutions.
worik 3y ago
> I highly doubt we could come close to ending global poverty by simply throwing £10 trillion at the problem That isobviously true But we could make a huge dent in poverty in countries with functioning civil society. Cash does not completely end poverty but it ameliorates the worst of it. The best examples I know of are in India and Brazil Redistributing money is very effective