Tag Archives: poverty

Distorting Poverty to Promote Capitalism

While attending the World Economic Forum in Davos, Switzerland last week to discuss global development and poverty, Microsoft chairman Bill Gates claimed that foreign aid from wealthy nations and philanthropy were successfully alleviating global poverty and inequality. According to Gates, “The poor have in fact been doing quite well and people really should feel good about their generosity.” He went on to note, “This is very good news, it means equity in the world is closer than we think.” But is this in fact true? Are foreign aid and philanthropy proving to be as successful as Gates claims? Or are they helping to promote a narrative that seeks to gloss over the brutal realities of global capitalism? Continue reading

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