Saturday, August 11, 2012

Charitably Funding Start-ups

From the BBC:

At times people may wonder why charitable foundations would consider funding projects within the information technology and communications (ICT) sector in Africa, when there is already significant private sector investment.

Really?  I think most people assume the reason any charitable foundation funds anything is to pick winners and losers and to extend wolfish imperialism dressed as a sheep.  Western charity is a trojan horse.

The article argues:

When used as a tool and integrated into well-devised programmes, information technologies are also enabling; they put power into the hands of citizens who can use technology to hold governments and other service providers to account.

Name one instance so far where this has occurred.  One single instance.

When capitalism is failing miserably, especially the crony capitalism of picking winners and losers, one desires, like rats fleeing a sinking ship, to find other shores to maintain the lifestyle.

The rest of us ought not be obliged to pay to protect the exceptional wealth that resides in the few hands.  Let the kickstarter.com's of the world fund worthy start-ups, no strings attached.

Feel free to forward this by email to three of your friends.


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