Spending Money Effectively
Alexander Cockburn offers advice to the Gates Foundation on how to spend Warren Buffett's mammoth donation. I enjoyed this part:
At the moment it seems that the Gates couple's core focus is the war on AIDS and malaria, both ravaging Africa. How to improve the Dark Continent's overall well-being? America's senators and representatives can be bought for bargain-basement sums. A modest disbursement by the Gates Foundation–let us say $50,000 for each senator and $20,000 for each rep–would most certainly buy enough votes to end the current government subsidy, $4.5 billion for 2004, to cotton growers. The entire crop that year, the last for which figures are available, was worth $5.9 billion and the subsidy enables US growers to export three-quarters of their harvest and control about 40 percent of world trade, thus destroying the farm economies of countries like Mozambique, Benin and Mali….With overthrow of the cotton subsidy as a pilot program, Gates could launch a wider onslaught on the subsidies doled out to large wheat, rice and corn growers.