Milton Friedman once noted that most businessmen are anti-capitalists. However, Warren Buffett and Bill Gates are moving into a category all their own, putting their vast fortunes behind support for everything from philanthrostatism to just plain statism.
... Mr. Gates has in the meantime become a full-blown Global Salvationist, dedicated to solving the problems of the world’s poor by not merely doling out his own money but by “leveraging” that of hapless taxpayers, muscling pharmaceutical companies, and bugging the entire corporate sector to divert its attention from making money to solving social problems. Indeed, there is a danger that the Saviour from Seattle may do as much damage in the process of giving away his fortune (and that of Mr. Buffett) as he did good in building it.
Saturday, December 4, 2010
Bill Gates' "dangerous pile of cash"
Peter Foster, on the mark, as usual: