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by lumberjack
4919 days ago
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>What if we gave Bill Gates more money to try and make the world a better place? Is this sarcasm or do you truly believe this? I hope not but if so, perhaps you should read this[1], where the particular criticism I'm concerned with is the irresponsibly zealous research funding on a malaria cure with the consequence of alienating other important fields of research that are just as important. Ironically enough this is exactly the sort of thing government funding is so notorious of, namely, ignorance or ulterior motives that lead to a less efficient budget that could have been employed is so much better ways. However, that is only one wealthy man, not enough data for a solid argument, but even on a purely rational basis, I would very much, rather the money was in a place where the general population had, at least in theory, some say on where it is to be spent. To me it seems that by going from public to private funding one is exchanging inefficiencies. The inevitable economic inefficiencies of bureaucracy for new inefficiencies in the way the money is allocated from the perspective of what benefits the citizens of the nation. 1. https://en.wikipedia.org/wiki/Bill_%26_Melinda_Gates_Foundat... |
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I completely disagree with you. I don't want the general population to have a say where Bill Gates' money goes. I want money to be in the hands of thousands of different-thinking individuals who can try to find an opportunity that the rest of us don't know about.