Thursday, February 21, 2008

WSJ.com - Why Bill Gates Hates My Book

 
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Philanthropy is great. But the poor aren't poor for lack of charity.

The number of poor people who can't afford food for their children is a lot smaller than it used to be -- thanks to capitalism. Capitalism didn't create malnutrition, it reduced it. The globalization of capitalism from 1950 to the present has increased annual average income in the world to $7,000 from $2,000.

History has shown that profit-motivated capitalism is still the best hope for the poor.

 
   
   
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WSJ.com - Commentary: Why Bill Gates Hates My Book* This article will be available to non-subscribers of the Online Journal for up to seven days after it is e-mailed.
     
 
 
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