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I'm interested in how technology can bridge the gap between the developed-world latent willingness to give and developing-world needs. There are a lot of peopl
by kcorbitt 13y ago
I'm interested in how technology can bridge the gap between the developed-world latent willingness to give and developing-world needs.
There are a lot of people out there who are looking for a more meaningful purpose in life. The problem with traditional charities is that the giver feels the downside, through a lighter checkbook, but can't really see the specific upside their donations perform, even in the case of a charity that allocates its resources efficiently.
One way to mitigate this is through transparency in giving. We're more likely to give to a specific disaster relief fund than a general "humanity in Africa" fund, even when both may do just as much good, because we see where the money is going. Watsi expands on this model by bringing transparency in giving down to the level of the individual.
Without internet penetration in the developing world, Watsi's approach wouldn't be logistically possible. As that penetration expands, it will be easier to connect to people in need on a personal rather than an abstract level. I hope that makes us, on average, more charitable givers. :)
EDIT: This was in response to, and as a partial refutation of, the following quote from the article: "If your profoundest interest is dying children in Africa or Bangladesh, it’s probably best to go to Africa or Bangladesh, not to Wall Street." There are many, many people with an interest in global humanity who can't realistically drop everything and change continents.