It discusses the terrible problem of private individuals (or “philanthro-capitalists”, as the article insists on calling them), with a track record of success, spending their own money helping people in need:
In a world desperate for resources it makes no sense to reject billions of dollars in new money, but serious questions are raised by privatising the search for solutions to global problems. For one thing, who decides which problems get attention? Investing in new vaccines against malaria is great, but there’s no vaccine against poverty…
Honestly, I’m speechless.
Allocating resources is always full of trade-offs and contradictions, but resolving them shouldn’t be ceded to outside technocrats or the whims of billionaires. It’s time to pour the generosity of the rich and famous into national development funds under democratic control
Yes! If the history of democratic control has taught us one thing, it’s that it is the best at efficiently allocating resources!!!
Honestly, the Guardian is worse than soiled toilet paper.
