Originally Posted by Mike33

I actually agree with 12clicks. He's not telling anybody what to do with their money, he's just stating his opinion that he believes Buffet's money could be put to better use.

I don't know much about the Third World or Africa, but it seems to me their is very little infrastructure in these places. There is no free trade between the 3rd world and the 1st world (instead we pilfer their resources and keep them in debt). Third World countries are also culturally bankrupt (religion/superstition over reason) and corrupt (money goes to and stays in African leaders coffers and not to the people who need it).

The solution to these problems is 1) fair/free trade 2) investment (infrastructure/business) and 3) education. Policies combined with finances will accomplish this better than simply pouring money into the corrupt system that exists. We've given billions of dollars in the past 50 years and see no change (and to be fair we've probably received just as much back thru slave labor and resources).

Also, America is slowing sliding into its darkest years. Once international leaders in math, science, and literacy, we are now lagging a great deal. I presume one of the things keeping us afloat is the "brain drain" situation where we still get the top specialists in all fields around the world emigrating to us because the money is here. If that stops we'll find ourselves in trouble. The only real solution to our own problem is a cultural one - we have so much we're lazy and are taking it for granted, but we won't be able to continue living off the gains of our predecessors without putting in some work in the long run.