From the article:
"The pioneering role being played by Bill and Melinda Gates in applying wealth to the solution of some of the problems associated with poverty and disease, need to be supported by all people of goodwill, because quite often, their efforts are derided as an attempt to "throw money" at the problems of Africa. That is nonsense, of course, because you cannot cure tuberculosis without buying drugs, nor can you prevent diarrhoea from attacking children if you do not buy stuff that can purify the water they drink. And buying can only be done with money.Not sure where the finance/economics line is, but this is probably on the Economics side, but that is ok, class is not in session right now ;).
There is nothing more annoying than seeing someone who takes the availability of potable, safe water 24/7 for granted in some leafy suburb in Europe or America waxing eloquent about the wastefulness of aid. Yes, regrettably, some aid can be wasted."
1 comment:
Great post - I was having a debate with someone about the same - do you recall when Larry Ellison was being derided for giving money to Ivy League insitutions for developing methods in which to dispense aid properly?
I thought it was brilliant - figuring out ways to get the best return on your investment should never be derided, especially when many more people can be helped as a result of improved efficiency.
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