Sunday 2 May 2021

Billionaire CEOs, glamour stocks diverting money from essential public projects | SCMP

My comment at the site, on what strikes me as a rather sophomoric article from Aussie hack Philip Rowling:
These billionaires are *not* sitting on piles of cash like Scrooge McDuck. They are invested in hundreds of companies that employ millions of people and develop thousands of innovations, including in climate change mitigation. In many cases (eg Gates and Buffet) they have pledged all of their personal wealth to go to philanthropic causes. 
I'd trust their judgment over the government judgement as to what these causes might be.  Or trust their judgement over that of naive journalists. 
The government is NOT the solution.
https://www.scmp.com/comment/opinion/article/3131814/billionaire-ceos-glamour-stocks-diverting-money-essential-public