Showing posts with label gates. Show all posts
Showing posts with label gates. Show all posts

Thursday, June 17, 2010

give it up or else

Bill Gates, the white knight of African infectious disease, and one-time founder of Microsucks, now sporting respectable jowls, joined his friend, the long-time illusionist and oracle of Omaha, Warren Buffett, to call on all wealthy individuals to give up at least half of their wealth before they die. Or if they should be struck by unexpected death, to do so at the time of their demise.

True to his nature as a second mover, Bill's idea was copied from none other than the queen of mean, Leona Helmsley, who set the example by her generous charitable donation to the welfare of Trouble, the fluffy pooch. Money well spent I might add!

Such is the irony of modern capitalism, that one first has to resort to all kinds of deceit and malice to amass people's sustenance and throw them into poverty so that one can then later come around and rescue them by generous donation. It reminds me of amateur hunters who grow pheasants and other wildlife so they can release them in season and hunt them down.

Surely the eager defenders of capitalism will point out invaluable benefits of this system that has now reduced the wealth over half of our countrymen (and -women) to zero or below. Steve Forbes, whose equally impressive jowls attest to his profound knowhow, has recently come out to teach us how wrong we all are and how unfettered capitalism will ultimately save the day.

Mind you, I have nothing against capitalism. It is, like its cousin democracy, the lesser evil. But like all such things, both natural and man-made, it is a double-edge sword that needs to be kept in check lest it causes more trouble than it is worth. And it is in the latter part -the checks and bounds part- that we have been failing so miserably over the last few decades. We have turned the great engine of wealth creation into an evil machine of wealth-shifting and senseless consumption.

Sooner or later we will all pay the price for this travesty.

Thursday, January 22, 2009

Today's news

Bank of America ousted John Thain (see our story T(h)ainted) after it became apparent how bad the situation at Merrill Lynch really was. The brokerage announced a $15.4 billion loss for its most recent quarter. So much for financial stewardship! It appears BofA finally saw the light that wasn't there.

Microsoft meanwhile missed its numbers. A feat that is only aggravated by the fact that rival Google beat expectations. In any case, Microsoft and its valet, Intel are not happy campers. For years the duo managed to get America to burn through new computers every other year by quickly making existing machines obsolete. So where is your carbon footprint Wintel?

All this was done under the guise of innovation. But seriously, ask yourself, is the new Office really better than the 1995 version? My answer is no, no and no.  It is worse. Bloated and worse, like an aging corpse. An undead zombie.

Now, while Mr. Gates - who fancies himself a white knight in shining armor-  rides into Africa to cure disease and help the poor, the company that made him all those billions is going to lay off American workers and cause hardship at home. How many homes are in foreclosure in Redmond, WA and environs? Maybe Mr. Gates should give back some of the money that we paid for his "high tech" cardboard boxes, containing 2 cent CD's with buggy software?

Not to be outdone, all five remaining Bush supporters have been busy writing glorifying political obituaries for their man in the Wall Street Journal. For several days now we have been reading how W saved the free world, kept the nation safe, eradicated the terrorists, banished dictators, and led our nation to a new prosperity. Oops, that last one was a typo I guess.

The other Wall Street Journal ideologues have been equally busy touting their universal recipe for recovery, prosperity, freedom, and the American Way. Tax breaks. Tax breaks for ever! The new cure for the economy, cancer, and the common cold. Just cut taxes. Wait a minute? Did not George W. cut our taxes? That must be why the economy is doing so well today?

Meanwhile the new Obama administration is still trying to find a way to kick-start that economy. How do you kick-start a seized engine? The answer is you don't. It can't be done. You need to get a new engine instead. How long will it take before the star-studded economic team gets the picture, that there is nothing left to kick-start?