Re: [luv-talk] be as generous as Bill Gates
From: "Slav Pidgorny (GEUS)" <slav.pidgorny@anz.com>
Reductio ad absurdum, nice try.
Check out work of Dambisa Moyo. This one is a good starting point: "Why Foreign Aid Is Hurting Africa " (http://online.wsj.com/article/SB123758895999200083.html). Good intentions don't guarantee good outcomes, especially when the outcome is not as immediate and tangible as that of eye surgery.
Well, that is talking largely about government-run "aid" which is given from governments to governments. This "aid" is quite often decided by government and business priorities of the giving nation (think about Canberra's "aid budget" used for detaining asylum seekers, or giving aid coupled with political favours) and quite often just pocketed by corrupt governments in the receiving countries. Aid as coming from the Fred Hollows Foundation, Medicians Without Borders, Plan or UNHCR are examples of charity work that actually help. It needs a stretch of imagination to argue that they responsible for keeping people in poverty und hunger. The "lefties" are not responsible for misused government money, here and abroad. It's a cheap shot. Regards Peter
http://www.latimes.com/news/la-na-gatesx07jan07,0,2533850.story The above article appeared in the LA Times in 2007, so it's aged, but it paints a different picture of the Gates' philanthropy. On Wed, Jun 5, 2013 at 11:22 AM, Petros <Petros.Listig@fdrive.com.au> wrote:
From: "Slav Pidgorny (GEUS)" <slav.pidgorny@anz.com>
Reductio ad absurdum, nice try.
Check out work of Dambisa Moyo. This one is a good starting point: "Why Foreign Aid Is Hurting Africa " (http://online.wsj.com/article/SB123758895999200083.html). Good intentions don't guarantee good outcomes, especially when the outcome is not as immediate and tangible as that of eye surgery.
Well, that is talking largely about government-run "aid" which is given from governments to governments.
This "aid" is quite often decided by government and business priorities of the giving nation (think about Canberra's "aid budget" used for detaining asylum seekers, or giving aid coupled with political favours) and quite often just pocketed by corrupt governments in the receiving countries.
Aid as coming from the Fred Hollows Foundation, Medicians Without Borders, Plan or UNHCR are examples of charity work that actually help. It needs a stretch of imagination to argue that they responsible for keeping people in poverty und hunger.
The "lefties" are not responsible for misused government money, here and abroad. It's a cheap shot.
Regards Peter
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On Wed, 5 Jun 2013, Michael Scott <luv@inoz.net> wrote:
http://www.latimes.com/news/la-na-gatesx07jan07,0,2533850.story
The above article appeared in the LA Times in 2007, so it's aged, but it paints a different picture of the Gates' philanthropy.
All it shows is that Bill didn't practice ethical investment. It's what happens by default when people go for the best returns. Is there a newer article about such things indicating whether he has made any changes to his investment strategies since then? There are a variety of ethical investment funds to choose from. -- My Main Blog http://etbe.coker.com.au/ My Documents Blog http://doc.coker.com.au/
I agree that it isn't necessarily a bad picture. Just that the "billions he invests" aren't all there is to see. I'm not sure about any later articles regarding the foundation's investments. That's why I qualified the link as "aged". It still doesn't change the fact that the amount he invests isn't all there is to it. On Mon, Jun 10, 2013 at 9:15 PM, Russell Coker <russell@coker.com.au> wrote:
On Wed, 5 Jun 2013, Michael Scott <luv@inoz.net> wrote:
http://www.latimes.com/news/la-na-gatesx07jan07,0,2533850.story
The above article appeared in the LA Times in 2007, so it's aged, but it paints a different picture of the Gates' philanthropy.
All it shows is that Bill didn't practice ethical investment. It's what happens by default when people go for the best returns.
Is there a newer article about such things indicating whether he has made any changes to his investment strategies since then? There are a variety of ethical investment funds to choose from.
-- My Main Blog http://etbe.coker.com.au/ My Documents Blog http://doc.coker.com.au/
Not really, not a big stretch; in fact, there's no need to employ imagination, just memory. Material handouts often end up filling pockets of corrupt officials - it works same way for government aid, quasi-government organisations (those run by UN) and many charities. Fred Hollows' outcome is tangible; UNHCR's aren't. Regards Slav -----Original Message----- From: luv-talk-bounces@lists.luv.asn.au [mailto:luv-talk-bounces@lists.luv.asn.au] On Behalf Of Petros Aid as coming from the Fred Hollows Foundation, Medicians Without Borders, Plan or UNHCR are examples of charity work that actually help. It needs a stretch of imagination to argue that they responsible for keeping people in poverty und hunger. "This e-mail and any attachments to it (the "Communication") is, unless otherwise stated, confidential, may contain copyright material and is for the use only of the intended recipient. If you receive the Communication in error, please notify the sender immediately by return e-mail, delete the Communication and the return e-mail, and do not read, copy, retransmit or otherwise deal with it. Any views expressed in the Communication are those of the individual sender only, unless expressly stated to be those of Australia and New Zealand Banking Group Limited ABN 11 005 357 522, or any of its related entities including ANZ Bank New Zealand Limited (together "ANZ"). ANZ does not accept liability in connection with the integrity of or errors in the Communication, computer virus, data corruption, interference or delay arising from or in respect of the Communication."
participants (4)
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Michael Scott -
Petros -
Pidgorny, Slav (GEUS) -
Russell Coker