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Why big-money men ignore world’s biggest problem

November 22, 2011 • Daily Email Recap

See Marketwatch: http://www.marketwatch.com/story/why-big-money-men-ignore-worlds-biggest-problem-2011-10-11

Why big-money men ignore world’s biggest problem

By Paul B. Farrell, MarketWatch

SAN LUIS OBISPO, Calif. (MarketWatch) — Last year Bill Gates said if he had “one wish to improve humanity’s lot over the next 50 years” he would pick an “energy miracle,” some magical “new technology that produced energy at half the price of coal with no carbon-dioxide emissions,” says CNN editor Fareed Zakaria in the New York Times.

And he said “he’d rather have this wish than a new vaccine or medicine or even choose the next several American presidents.”

Energy miracle? But that’s not where he’s giving his billions. In fact, since 1994 the Gates Foundation has spent over $26 billion on philanthropic projects, ventures and innovations, lots in vaccines and medicines that extend life, increase mortality rates and encourage population growth.

Yes, all good stuff, but ultimately undermining the possibility of discovering a magical energy miracle.

Worse, if that energy miracle is discovered anywhere its value could easily be wiped out by the world’s out-of-control population growth, forecast to reach 10 billion by 2050 from 7 billion today, one brief generation.

So why is Gates not focusing solely in his energy miracle? Better yet, why is he ignoring what he agrees is the world’s biggest problem? Even undermining the solution?

To read the full article, please click here: http://www.marketwatch.com/story/why-big-money-men-ignore-worlds-biggest-problem-2011-10-11


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