Wednesday, February 20, 2013

Charitable Investing

BILL GATES AND WARREN BUFFETT have talked fellow biooionaire richard branson into donating half his fortune to chairty, reports have it. Meanwhile mark suckerburg and two or three other dot com billionaires are giving rewards to scientist for disease fighting discoveries.

Could it be that the billionaires will eventually all unite in uplifting humanity?  Gates and Buffett have a charitable trust fund which evidently contributes too all sorts of worthy charitable endeavors, and the issuing of prize money for scientific achievement will doubtless spur research.

Is it possible that the best thing these billionaires could do with their money might be to invest it in free enterprise, private enterprise, for profit businesses of various sorts? Oftentimes charitable organizations participate in alleviating suffering and economic hardship rather than attacking the cause of it, which would seem to be, an insufficient number of jobs, and gross global product.

A lack of goods and services. Not enough material wealth. Whatever you wanna call it. Whether we want everyone on the planet to have a car and a house is one matter, but whether we want everyone to have adequate food, clothing, shelter, and medical care is quite another.

And really, does it really matter where the new jobs are? Like air and water, the jobs will go where there is least resistance to their appearance, where the cost of labor is cheapest, for instance. And that is perhaps why globalization will prove, in the long run, to be a beneficial process for humanity. 

Bring on the billionaires!, and economic - buisness investment, job creation, and real wealth creation. You can almost see it now: Zuckerburgers....Warren's Buffet Restaurants....Gates Communities...

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