About 1000 people on the planet, according to FORBES, own roughly 10% of the world’s GDP, while one billion people do not have access to drinking water largely because a handful of multinational corporations, in which the billionaire philanthropists own most of the stock, own water rights around the world and charge exorbitant rates. Interestingly, countries like India, Mexico, Russia, and Brazil, which have a large percentage of poor, also have billionaires
About two billion people are victims of chronic malnutrition and lack of medicine, largely because the multinational corporations in which billionaire philanthropists own most of the stock, do not make it affordable for people to eat and have medicine. Water, food, health and education scarcity are among the problems that billionaire philanthropists want to address. The economic system, which made the same philanthropists billionaires, created the aforementioned problems in the first place. As I have stated in a previous posting, exploitation of the public by a handful of fraudulent investors determined to continue manipulating markets so they can amass greater wealth is indeed a Constitutional right under free speech protection.
If the public health system in sub-Sahara Africa is grossly deficient and must rely on charity to save the children, then should society not ask questions about the weak public sector? What does it say about human values when a few wealthy people have become wealthy through the appropriation process on which the market economy is based; and what does it say about human values when the fate of many whose labor values create wealth for the few must then depend on the charity of the few?