Monday, June 26, 2006

Buffet to give nearly $31 billion to Gates foundation

Buffet to give nearly $31 billion to Gates foundation:
"In an interview with Fortune magazine, Berkshire Hathaway Chairman Warren Buffett announced he will give nearly $31 billion -- most of his wealth -- to the Bill & Melinda Gates Foundation.
As the world moves from an information scarce to an information rich environment, the concepts that organized 20th century reality become a little less useful.

When Bill Gates and his foundation will control $60 billion dollars in the service of fixing the world's health and education problems, what does that potentially do to the common wisdom of nation states and big NGO's as the only formal networks capable of focusing on the big issues?

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