Bill Gates, the world's richest man, on Friday delivered a snub to the ethical investment movement by saying his foundation should concentrate on grant giving, rather than judging the social impact of businesses in which it invests. (FT)
Now Gates is investing in a project called the Alliance for a Green Revolution in Africa (AGRA), which seeks to fix the problem of hunger by promoting high tech farming.
But promoting technological solutions that have done so much damage (like GM Crops) is simply irresponsible. Besides, there is a an abundance of food in the world, it is just distributed unfairly. Things like unfair trade policies and subsidies are a huge part of the problem. Monocultures and environmental degradation in vulnerable regions is another.
The Gates solution ends up exacerbating the problems facing the poor, shoring up institutions and companies that scalp poor farmers. And then they offer a band-aid, one that helps the wound go septic.
Philanthropy isn't meant to be like sausage-manufacturing - yet every step of the way in the Gates plan for Africa, from endowment investment to the agricultural spend, induces nausea. Perhaps we shouldn't be surprised. Microsoft's chief software architect has spent a career developing technological patches, and then patches for those patches, and so on. If one were uncharitable, we might see the Foundation itself as a patch for his falling personal stock in the 1990s. It does rather seem that Gates' generosity is charity in its worst form, a mode of self-aggrandizement. Such is the narrow vista, and greatest tragedy, of the world's richest man. (The Rest)
There is a major flaw in the Gates vision; the solution to major third world problems like hunger is not charity - it is justice. Imagine the benefits if Gates put his considerable money and influence behind programs for justice instead of these controlling, damaging acts of "charity".
