Bill Gates Quotes
There's a unique thing about the UK, where you give a very generous foreign aid budget to support globally, which is spent wisely. We partner with the government here to make sure that that money is spent well.
The minute improvements taken together over time has almost always produced little or no significant or meaningful improvements. Much and often most of the donor money gets squandered on corruption, PR, and incompetence of recipient governments.
In many cases the American contractors hire locals in the recipient country and so a large part of the contractor’s funds actually go to the country. One virtue of this is that in many countries where the money is given to government or a local organization, there is a great deal of corruption and favoritism. Clinton is right that there is an additional cost where the American contractor takes a profit and an overhead, but very often this “waste” is far less than the waste produced by the recipient government itself or a local organization. The worst of both worlds exists when the American contractor succumbs to local pressures and government “suggestions” and does not buy from the low bidder or gives jobs to people who are not as competent as others or often not competent at all.
Passman’s committee controlled foreign aid appropriations and there was considerable political hostility to the U. S. aid program as it had been implemented by Kennedy and Eisenhower. Johnson was concerned that if he did not maintain the same level of foreign aid that JFK had, the change would be misinterpreted by most countries who did not realize that this was a domestic political squabble.
William Henry Gates III is an American business magnate, software developer, investor, author, and philanthropist. He is a co-founder of Microsoft Corporation. During his career at Microsoft, Gates held the positions of chairman, chief executive officer (CEO), president and chief software architect, while also being the largest individual shareholder until May 2014. He is considered one of the best known entrepreneurs of the microcomputer revolution of the 1970s and 1980s. Gates is also co-founder and chairman of TerraPower that is developing next generation traveling-wave reactor nuclear power plants, in an effort to tackle climate change.
