Google CEO Larry Page on Wednesday, March 19 said at a TED Q&A session that instead of giving his billions to philanthropic organizations, he'd rather give his cash to capitalists like Elon Musk, the founder of Tesla, SpaceX, and Solar City. Larry Page went further and argued that everyone should give their money to corporations trying to accomplish big things. However, it's still a little unclear to what extent the Google CEO was being serious about the matter.
Do you agree or disagree?
Do you agree or disagree?
3 comments:
Most companies whether they know it or not exploit workers on some level or get materials that are made through exploitation. I am sure the top companies are not perfect and because of that we should not invest all our money into them.
He is correct about the whole effect of a big company having power, but at the same time should the world really not try to help people who are less fortunate then ourselves, like treating the 1.5 million children who die from preventable diseases.
Why are we investing in Mars when we could be investing in helping people who are alive in this world. What information could Mars really bring that would top the costs of going into space?
Yes, investing in companies is good but I do not think we should invest all of our money and time into them that is not efficient.
The rich putting money towards big companies could have benefits, when you put your money towards some charities that need constant funds to operate big corporations could use that money to invest in themselves and take more risks without fear of that risk bringing down the whole company. Even allowing them to hire more people. It's an interesting idea for those billionaires that want to stimulate growth.
I would actually argue that this is the most efficient path of investment. Its absolutely not the most considerate or thoughtful, but if you're looking to find the most efficient place to put your money into, its definitely corporations. Their power, with the proper investments, can create incredible innovations and advance our society. We give our money, time and effort to philanthropy because its the right thing to do, but because its the most efficient or logical business move. It has a moral incentive. I don't endorse his comments; they won't improve the quality of life of the people on the bottom, but they are definitely more efficient in advancing our society and technology.
Post a Comment