The big news in Singapore is the fact that Bill Gates, founder of Microsoft and now Chairman of the Gates Foundation, paid Singapore a visit and announced that he would be making Singapore the Asian Headquarters of his foundation. Given that the Gates Foundation has an endowment of around US$75.2 billion, making it one of the largest charitable foundations in the world, the Singapore Government drooled at the prospect of adding “philanthropy” to the things that Singapore could be a “hub” of. Mr. Gates met everyone from the President down. We even went out of our way to make a song and dance of how Mr.Gates enjoyed a good old fashioned “hawker meal.”
https://mothership.sg/2025/05/bill-gates-mothership-newton-food-centre/
OK, let’s state the obvious – Mr. Gates is not and never
has been a candidate for sainthood. Mr. Gates has been by all accounts an
exceedingly ruthless businessman and for the longest of times, Microsoft was
known for being “predatory” in its practices. We all use Microsoft, not because
its software is the best and cheapest but because we don’t have a choice. As
the Old Rogue used to say, “He forced us to use an inferior product.”
Having said that, Mr. Gates did do good things. For
one, he made entering the ranks of the super wealthy accessible. Seattle is
filled with millionaires who simply went to work for Microsoft and ended up
very rich, thanks to their stock options. If you define a successful business
as one that makes lots of people rich, then Mr. Gates would be amongst one of
the best.
The second area in which Mr. Gates deserves credit is
in the way in which he’s tried to use his wealth for the greater good of
humanity. Look at the webpage of his foundation and it starts of with a slogan
about how every life has value:
https://www.gatesfoundation.org/
Sure, there are criticisms to be made against Mr.
Gates and his foundation, but that should not distract from the fact that he’s
putting vast resources to fund things aimed at solving major risk. How do you
argue that funding research into medication that could save lives be a bad
thing?
Apparently, it is. Mr. Gates’s philanthropy is a favourite
topic among people who don’t like other people. You could say that he’s the
bigger and almost “eviler” version of this group’s previous bogyman – George Soros,
who is apparently also trying to disrupt the world and rule it from the shadows.
Unlike Mr. Gates, whom you might call the “nerd made
good,” Mr. Soros is a less sympathetic character. He didn’t invent things. He made
his money using other people’s money to take on financial markets. His most famous
moment came when he announced that he made a killing going short on the British
Pound in 1992’s infamous “Black Wednesday.” Mr. Soros, who is Jewish, ended up
becoming cast as everyone’s favourite “evil Jewish money manager,” and was
attacked for being so by Malaysia’s Never Ending Prime Minister, Dr. Mohamad
Mahathir back in the Asian Financial Crisis of 1997.
Whilst Mr. Soros may have made lots of money attacking
financial systems, he put his money to good use, trying to fund “Open Societies,”
promoting things like free speech and safety for journalist etc. Again, how
exactly does someone promoting the struggle for more freedom end up being villainized
by people living in countries where things like freedom of speech are taken as
a “given.”
https://www.opensocietyfoundations.org/
What makes these actions of Mr. Gates and Mr. Soros so
upsetting? I’m not really smart but it seems the people who don’t like Mr.
Gates and Mr. Soros don’t like the things they’re promoting. Take one of Mr.
Soros’s fiercest critics as an example – Victor Orban, the current and probably
never-ending Prime Minister of Hungry. Mr. Orban hasn’t exactly been
cheerleader for anyone else’s rights except his own.
Then, there’s the issue of vaccines. There’s a group
that believes that vaccines are evil. Whilst I do agree that not everyone
reacts well to vaccines, the record of vaccines is ultimately beneficial. A century
ago, small pox was a sure killer. Today, it probably only exists somewhere out
there in a secret lab of conspiracy theorist. Four years ago, there was Covid,
which killed more Americans than all the wars America has fought. Today,
vaccination has made it such that Covid is like a flue.
So, what do the people who don’t like causes like open
societies and vaccines think billionaires should be funding? Apparently, whilst
funding lifesaving vaccines and open societies, which are more likely to make
life better for people living in them are bad things, its perfectly acceptable
for billionaires to salute a regime that promoted a genocide and political
parties that celebrate what that regime did:
https://www.bbc.com/news/articles/cy48v1x4dv4o
Sure, billionaires can be a problem. The amount of wealth
they control can be an issue in that it may cause resentment. However, they can
also be inspiring. Their vast wealth makes them influential in their mere
public pronouncements. You cannot
“ban” them in as much you want people to be inspired to create wealth. However,
you can and should encourage them to use their power for the greater good and
discourage them from supporting the awful.