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Seems like the Gates Foundation is mostly a front for a profit-seeking venture.
by salient 13y ago
Seems like the Gates Foundation is mostly a front for a profit-seeking venture.
- tptacek 13y agoYeah, Bill Gates has sure pulled the wool over all our eyes on this one.
- benched 13y agoPlease explain what sense it would make for a gargantuan liquid fund not to try to invest profitably?
- icegreentea 13y agoIf you read the tax return, you'll see that your statement is literally not true.
- jblow 13y agoIt is the other way around. If you are doing effective altruism, you want to make sure you have money coming in that you can be altruistic with. The bit about Walmart was especially badly done. If the author of this article thinks Walmart employees are poor on the same scale as the poor that the foundation targets, he really has no clue about world poverty. If the minimum standard of living throughout the world were equal to that of a typical Walmart employee, the world would be tremendously better off.
- rbanffy 13y agoSo, your argument is that it's right to make Walmart employees poor in order to maximize profits because they are not nearly as poor as the poorest people in the world? If there is something poor here, it's the excuse.
- bluekitten 13y agoHow does buying a lot of Walmart shares make Walmart employees poor? I am frankly baffled here. Walmart buyers should probably get more blame here. Have you ever spared a thought about who made the electronics you own and under what conditions?
- rbanffy 13y agoWhen you buy shares you send the signal the company is doing the right thing. It says you support the company and its business practices and, ultimately, enables the company to continue them. If everybody refuses to buy their shares, their stock will plummet and prompt changes. As for my electronics (and consumables), yes, I try to avoid manufacturers and brands that are associated with poor working practices. Nice try attacking me to try to disprove my argument against the Gates foundation.