Can Billionaire Philanthropists Change the World?

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Bill and Melinda Gates, the Rockefeller Foundation, George Soros and Google are all spending big money on hunger, poverty and global warming. Soros is giving $50 billion to what's called the Millennium Promise, and two foundations--Gates and Rockefeller--have joined forces in a new Green Revolution designed to fight poverty in Africa by ending hunger.  Supporters welcome a "golden age of philanthropy," but at least one skeptic calls it a "tournament of billionaires" full of potential pitfalls. The Green Revolution caused environmental problems in Asia and Latin America.  Can that be avoided in Africa?  Can well-intentioned assistance bypass corrupt and incompetent governments and get to the people who need it? Can philanthropy generate profits?




Warren Olney