Philanthropy, no matter how well intentioned, cannot compensate for the flaws of capitalism.
If the mainstream media made the effort to analyze and report the facts, the whole country would know about a level of selfishness that has spiraled out of control since the economists of the Reagan era convinced the wealthiest Americans that greed is good for everyone. Here are four extreme examples of that selfishness.
1. Ebola’s Not Worth the Money If Only Africans Get Infected
World Health Organization (WHO) director-general Dr. Margaret Chan recently stated: “Ebola emerged nearly four decades ago. Why are clinicians still empty-handed, with no vaccines and no cure? Because Ebola has historically been confined to poor African nations. The R&D incentive is virtually non-existent. A profit-driven industry does not invest in products for markets that cannot pay.”
So we turn to philanthropy. But rich donors don’t compensate for the flaws of capitalism. The…
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