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Microsoft

Bill Gates No Longer World's Richest Man 413

Posted by CmdrTaco
from the well-that's-so-sad dept.
alphadogg writes "Riding surging prices of his various telecom holdings, including giant mobile outfit America Movil, Mexican tycoon Carlos Slim Helu has beaten out Americans Bill Gates and Warren Buffett to become the wealthiest person on earth and nab the top spot on the 2010 Forbes list of the World's Billionaires." I'd still let the guy buy me dinner if he's ever in my town. He's probably still good for it even though he's fallen on hard times.
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Bill Gates No Longer World's Richest Man

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  • Wonderful news (Score:5, Insightful)

    by elrous0 (869638) * on Thursday March 11, 2010 @10:23AM (#31437082)
    FTA:

    Indeed, last year's wealth wasteland has become a billionaire bonanza. Most of the richest people on the planet have seen their fortunes soar in the past year.

    When I'm laid off and searching garbage cans for food, it will bring me great comfort to know that at least someone is doing well.

    • Re:Wonderful news (Score:4, Insightful)

      by NotQuiteReal (608241) on Thursday March 11, 2010 @10:28AM (#31437124) Journal
      When I'm laid off and searching garbage cans for food, it will bring me great comfort to know that at least someone is doing well.

      It should, because if everyone were poor the world would be an even nastier place.
      • by elrous0 (869638) *
        Yes, it's nice to have a handful of super-wealthy people to ensure that not EVERYONE is poor.
        • by TheKidWho (705796)

          No way, that's not fair, if I'm going to poor then everyone will be!

        • by maxume (22995)

          The U.S. billionaires have a combined wealth of about $1.4 trillion.

          Medicare and social security spending last year was about $1.15 trillion (those aren't actually particularly good proxies for 'not wealthy', but they do illustrate where a good chunk of the U.S. GDP goes). It is somewhat safe to assume that poor and middle class people spent $4 or $5 trillion.

          So the super wealthy certainly benefit more than everyone else, but it is absurd to assert that they are keeping other people poor when their combined

          • Re:Wonderful news (Score:4, Interesting)

            by AndersOSU (873247) on Thursday March 11, 2010 @12:35PM (#31439400)

            Billionaire is a much poorer proxy for "really wealthy" than medicare and social security are for "not wealthy." The fact of the matter is that the top quartile controls ~90% of the wealth in the US, the remaining 10% is contained almost entirely in the upper reaches of the second quartile. (the bottom quartile has negative wealth)

            So the real effect of the fortunes of the 403 billionaires in this country is less keeping people poor and more keeping rich people from becoming super-rich. It's the top 10% as a whole that is keeping other people poor. More troubling is the direction of the trend. Real median income has decreased since the '70s, whereas the income of the 95th percentile has risen exponentially.

        • Re:Wonderful news (Score:4, Insightful)

          by Herby Sagues (925683) on Thursday March 11, 2010 @11:35AM (#31438144)
          Actually, I think it is awesome that at least one of them is spending his money on helping the really poor people of the world to become a bit less poor, healthier and safer.
      • Re:Wonderful news (Score:5, Insightful)

        by Lumpy (12016) on Thursday March 11, 2010 @10:57AM (#31437382) Homepage

        It should, because if everyone were poor the world would be an even nastier place.

        news flash 90% are poor. and the world IS a nasty place. because you live in a very rich country and dont see reality means you really have no idea.

        Go spend 1 week with the poor of India, or in Afganastan, China, Korea, Russia, Mongolia, or anyplace in South america or Africa. THAT is poor, and that is what most of the people on this planet live like.

        • by bberens (965711) on Thursday March 11, 2010 @11:08AM (#31437566)
          Yes, but in all fairness... we have Detroit.
        • Re:Wonderful news (Score:5, Insightful)

          by mspohr (589790) on Thursday March 11, 2010 @11:14AM (#31437674)
          And I guess that this is a good place to point out that Carlo Slim, the worlds richest man, made his money by having monopoly control of telecoms in Mexico (a poor country) and cell phones in 11 countries in Latin America (all poor). He is getting rich by collecting monopoly rents from the poor. Isn't crony capitalism wonderful?

          Just think what good could come if he was not sucking all of that money out of all of those poor economies. They might even be able to save and invest and grow their economies. Instead, Carlos uses the money to expand into banking and other areas to make even more money for himself.

          • Re: (Score:3, Interesting)

            by JSBiff (87824)

            I just have to ask. . . generally speaking, the wealth of people on the Forbes' list is comprised *mostly* of equity holdings in companies (that is, Bill Gates is worth 53 Billion, but he doesn't have that in cash - most of it is stock in Microsoft and other companies).

            Is that not true of Carlos Slim, too? If that is true, is it really so aweful that the man has built up his companies? Is he NOT helping the economies of those nations by providing them with critical telecoms?

            "Instead, Carlos uses the money t

            • Re: (Score:3, Insightful)

              by mspohr (589790)
              I think the key term here is "monopoly rents". If there was a free market, there would be competition, lower prices, less profit for Carlos, and the poor would get to keep more money to grow and invest in their own economy. Instead, the excess monopoly rents go to Carlos who uses it to go into banking, for example, another area where he can bilk the poor (as our own developed country bankers have shown the way so clearly).
            • Re: (Score:3, Insightful)

              by Grishnakh (216268)

              You must be an American. These days, only Americans think that monopolies are a good thing. They're much like the old-style Soviets that way, except they're completely blind to the similarities.

        • Re:Wonderful news (Score:5, Interesting)

          by L4t3r4lu5 (1216702) on Thursday March 11, 2010 @11:28AM (#31437974)
          A friend of mine came back from Russia after studying there for 6 months. In that time she mostly stayed with one Russian family.

          This family grew their own vegetables in an allotment. What they didn't eat, they pickled. When the pickled food was eaten, they drank the vinegar. They couldn't afford to waste it.

          As a parting gift, the lady of the house made a pair of socks from the hair of the household dog and gave them to my friend. This was an extremely kind gift, as it meant that the lady was left with last year's dog hair socks.

          We have it so good.
          • Re:Wonderful news (Score:5, Informative)

            by shutdown -p now (807394) on Thursday March 11, 2010 @01:11PM (#31440064) Journal

            Wow, you did manage to get things so wrong...

            This family grew their own vegetables in an allotment. What they didn't eat, they pickled. When the pickled food was eaten, they drank the vinegar. They couldn't afford to waste it.

            I very much doubt it was actually vinegar that they drank, since it's not exactly something you can drink in the first place. In any case, pickling (in vinegar) at home is actually extremely rare in Russia - most pickled vegetables are bought in stores. Home-made ones are brined instead, with no vinegar involved - just water, salt, and spices.

            The liquid that is produced as a result is essentially salted water flavored with the vegetables put into it, and is called "rassol" in Russian. It's generally considered tasty in its own right, and is also a traditional, ages-old treatment for hangover. So drinking it does not, in any way, indicate that the family is poor.

            Pickling/brining itself, too, is not an indicator of that, by the way - it's often done for the fun of it. My family isn't poor at all, and yet my grandmother both grows her own vegetables, and pickles them for the winter.

            As a parting gift, the lady of the house made a pair of socks from the hair of the household dog and gave them to my friend. This was an extremely kind gift, as it meant that the lady was left with last year's dog hair socks.

            Dog hair socks are ascribed various medicinal qualities in Russian folklore, so they are made and worn for the sake of that, not to replace common everyday socks. Furthermore, because those socks have to be hand-made, they aren't replaced all that often. I've had a pair back home which was several years old.

            Note that this all doesn't mean that the family your friend stayed with wasn't poor. They may well be, and there are definitely a lot of poor people in Russia. It's just that nothing that you mentioned so far is an indicator of that.

            Oh, and Russia today is still way better than Mexico in terms of quality of life. In fact, depending on one's location, it's better than many Eastern European EU member countries.

    • by fuzzyfuzzyfungus (1223518) on Thursday March 11, 2010 @10:34AM (#31437188) Journal
      Don't worry, Saint Reagan gives you his word that it will all trickle down eventually, if only your faith is pure and your marginal tax rate low...
      • Re: (Score:2, Interesting)

        by wh1pp3t (1286918)

        Don't worry, Saint Reagan gives you his word that it will all trickle down eventually, if only your faith is pure and your marginal tax rate low...

        IMHO, Reaganomics works only in a country where manufacturing is a strong industry (where the workers of the nation are actually needed); sadly, the USA no longer significantly 'makes' anything.

        • by elrous0 (869638) *
          I know it's really stretching the definition of "anything," but we still make movies and TV shows. Without the hard working people of American there would be no "Deuce Bigalow: Male Gigolo" or "Jersey Shore."
          • Re: (Score:3, Informative)

            by cheesybagel (670288)
            Aren't a lot of TV shows made in Canada?
          • by TheKidWho (705796)

            Yes, because Jersey Shore is the epitome of the US film industry... I guess we should pack our shit and stop producing Movies and TV shows, some /.'r just showed our whole industry is a sham with his snarky 2 liner.

        • by TheKidWho (705796)

          Except that's patently false, US manufacturing output is much higher then it ever was before although fewer and fewer workers are employed in manufacturing. You also realize that 50%+ of Americans used to be farmers in the 1700s and now it's less than 5% right? As facilities become more automated, there will be a smaller and smaller need for manufacturing workers.

        • by SmallFurryCreature (593017) on Thursday March 11, 2010 @11:34AM (#31438094) Journal

          Reagan is the primary person to blame for the current economy. Basically he sold the world a pyramid scheme. Trickle down economy is EXACTLY what a pyramid scheme is. The idea that anyone who joins the scheme just pours some money into the top of the pyramid and then reaps his rewards as it trickles down to him. And it works, for the first few layers until to many people are needed to join to keep the system flowing and it all collapses.

          And just like pyramid schemes continue to be popular, reaganomics continue to be popular, by the same kind of people. The scammers and the ignorant.

          A pyramid scheme MUST fail, because the longer it continues, the larger it becomes. It can only work in fictional universes were infinite growth is possible (and for a long time, that is exactly what Reagan fans claimed). For a manufacturing nation as you claim it would in, this would mean that their must be an infinite number of resource to use in manufacturing and an infinite market to take the products. Or to put it in simpler terms, it would mean for Microsoft, that it could half the release cylce of their flagship product Windows each time, and still find a growing market for it. So by now you would be getting a new windows every day, pay 300 bucks for it, and have 6 billion people buying it.

          Silly? That is what reaganomics boil down to. Infinite sustained growth.

          Like all pyramids scams, we want to believe that it could work, but it doesn't. And it shows the fatal flaw in democracy. People that fall for scams, get to vote.

        • Re:Wonderful news (Score:5, Interesting)

          by dkleinsc (563838) on Thursday March 11, 2010 @11:41AM (#31438266) Homepage

          IMHO, Reaganomics works only in a country where manufacturing is a strong industry (where the workers of the nation are actually needed); sadly, the USA no longer significantly 'makes' anything.

          Except that there's no evidence it works there either. There's a lot of reason to think that the whole trickle-down theory was created to accomplish two things:
            1. Tax cuts and other benefits for rich political supporters.
            2. Reduction of federal tax revenues to the point where the federal government can no longer function (Grover Norquist's "drown it in a bathtub").

          I've attended talks by Arthur Laffer (one of the guys who came up with trickle-down theory), and determined after a little while that it was a really superbly designed pile of BS.

      • this is old school politically connected rich. You want to see who has the best pensions, health care, and similar, look to those in government or connected to it.

        The surest way to stay poor or just plain upset with life is to compare what you have to others, the first symptom is directing blame to those who are better off.

        I am quite sure a garbage can surfer is not a /. surfer, if they are it probably explains the previous. Let alone, Obama and Co. decided trickle down was too inefficient of means to get

    • Mr Monopoly (Score:3, Informative)

      by FriendlyLurker (50431)

      TelMex controls 92% of the landline phones in the country and his affiliate cell phone business, Telcel, accounts for 73% of the mobile business. The wealth and power derived from these companies has allowed Slim to expand his business empire across a wide swathe of industries."

      Monopolies are obviously highly profitable for a few. Besides the economic cost [maths.tcd.ie] to the those funding el imperio de Carlo Slim Helu, have the Mexicans actually weighed up the social costs of supporting it? [google.com]. ...Or is it that the Mexicans do not have a government that represents their best interests...? [google.com]

    • by WrongSizeGlass (838941) on Thursday March 11, 2010 @10:47AM (#31437276)
      When I read the headline I thought that maybe, just maybe, I'd moved up one position on the list. But alas, I'm still ranked at number 2,371,409,586. Maybe next year.
    • Re: (Score:2, Insightful)

      by Mikkeles (698461)

      "Autre motif d'orgueuil, que d'être citoyen! Cela consiste pour les
      pauvres à soutenir et à conserver les riches dans leur puissance et
      leur oisivité. Ils y doivent travailler devant la majestueuse égalité
      des lois, qui interdit au riche comme au pauvre de coucher sous les
      ponts, de mendier dans les rues et de voler du pain."

      "Another reason for pride, that of being a citizen! For the poor
      citizenship consists of supporting and sustaining the power and
      idleness of the rich. They m

    • Re:Wonderful news (Score:5, Interesting)

      by Nerdposeur (910128) on Thursday March 11, 2010 @11:03AM (#31437466) Journal

      It doesn't bring a lot of comfort to the Mexicans in that situation. When I lived in Guadalajara, I was a short walk from a row of luxury car dealerships: Porsche, Lexus, Audi, BMW, etc. And I was a short bus ride from people living in dirt floor houses and not eating enough (I was involved in a Christian ministry to some of them).

      I'm pretty conservative in general, but that doesn't seem like a healthy economy. It's not encouraging to think that the world's wealthiest person got that way through monopoly deals with a corrupt government whose citizenry is mostly poor.

  • Having billions of dollars in chequing strikes me as incredibly insane.

    • No one has billions of dollars in chequing. These people have billions of dollars in investments. The mainstream media likes to talk about these investments in terms of dollars because it makes for cute headlines, but for the people involved I suspect it has more to do with control. Controlling billions of dollars worth of organizations means, for better or worse, you can help shape a sizeable chunk of the world.
  • by spammeister (586331) <fantasmoofrcc.hotmail@com> on Thursday March 11, 2010 @10:23AM (#31437092)
    I'm sure he has 500 million in loose change lost in his couches.
  • Man.. (Score:4, Insightful)

    by Pojut (1027544) on Thursday March 11, 2010 @10:29AM (#31437144) Homepage

    ...when people's losses equal more money than I will EVER have in my entire life...I become a sad panda :(

  • Carlos 'not so' Slim.

  • Hard times? (Score:4, Interesting)

    by clone53421 (1310749) on Thursday March 11, 2010 @10:31AM (#31437166) Journal

    Slim's fortune has swelled to an estimated $53.5 billion, up $18.5 billion in 12 months.

    Gates, now worth $53 billion, is ranked second in the world. He is up $13 billion from a year ago

    And now, the $0.5 million question: How much money does Gates give to charity?

    • $0.5 million

      *billion

      Changed my mind mid-way from $500 million to $0.5 billion and it ended up wrong...

    • Re:Hard times? (Score:5, Informative)

      by Anonymous Coward on Thursday March 11, 2010 @10:41AM (#31437232)

      Slim's fortune has swelled to an estimated $53.5 billion, up $18.5 billion in 12 months.

      Gates, now worth $53 billion, is ranked second in the world. He is up $13 billion from a year ago

      And now, the $0.5 million question: How much money does Gates give to charity?

      According to the Wikipedia page on the Bill & Melinda Gates Foundation [wikipedia.org], the foundation donates $1.5 billion per year. And a BusinessWeek estimate [businessweek.com] lists Gates as having donated $28.1 billion over his whole life.

    • Re: (Score:3, Informative)

      by auric_dude (610172)
      Bill and Melinda's charity works can be seen via http://www.gatesfoundation.org/Pages/home.aspx [gatesfoundation.org] or via the wiki version http://en.wikipedia.org/wiki/Bill_&_Melinda_Gates_Foundation [wikipedia.org] - take your pick.
  • by iamhassi (659463)
    Who?
  • by spruce (454842) on Thursday March 11, 2010 @10:32AM (#31437176) Journal

    Hearing this news saddened me at first, then it angered me into action. I've setup an online donation fund here [sprucesaccount.com]. With a small $50 weekly donation from 30 or 40 million of you, Bill can continue to live the kind of life he's used to. Won't somebody think of Bill Gate's children!

  • Turns out he spend his entire fortune on sweater vests and diesel powered nuns.
  • So... (Score:5, Interesting)

    by Swampash (1131503) on Thursday March 11, 2010 @10:37AM (#31437212)

    California's bankrupt and the richest man in the world is Mexican?

    Lovin' them apples.

  • ... where all our money went?
    • No. It's where all of Mexico's money went. As of two years ago, his telecom monopoly was charging five pesos (~50 cents) per minute to both sides of any call involving a cell phone. So every call involving a cell phone earned him ~$1 per minute. It's not exactly surprising that he's doing so well, what's surprising is that Mexicans haven't lynched everyone involved with this state sanctioned monopoly sweetheart deal.
  • Don't worry.... (Score:3, Informative)

    by Chineseyes (691744) on Thursday March 11, 2010 @10:41AM (#31437234)
    Don't worry, Carlos Slim is a generous man, he'll give Bill Gates some side work till he gets back on his feet.

    On a more serious note, we now have more millionaires and billionaires than at any other time in the history of the world! The wealth is trickling down baby!
    • On a more serious note, we now have more millionaires and billionaires than at any other time in the history of the world! The wealth is trickling down baby!

      Is that adjusted for inflation? :P

    • Re:Don't worry.... (Score:5, Informative)

      by rolfwind (528248) on Thursday March 11, 2010 @11:08AM (#31437556)

      On a more serious note, we now have more millionaires and billionaires than at any other time in the history of the world! The wealth is trickling down baby!

      While I'm sure that there is more economic activity than ever before, since a dollar today is worth less than 4 cents in 1913 -- being a millionaire is not exactly the same accomplishment as back then. It's more equivalent to being having $25 million today.

  • by NoNeeeed (157503) <slash AT paulleader DOT co DOT uk> on Thursday March 11, 2010 @10:51AM (#31437326) Homepage

    "last year's wealth wasteland has become a billionaire bonanza. Most of the richest people on the planet have seen their fortunes soar in the past year. "

    I'm no communist, but something sticks in my craw when I realise how many of the very richest (both corporations, banks and individuals) have done so well out of the recent financial woes that have destroyed the lives of so many people.

    I can't help thinking that we are lining up for a political "readjustment" in many countries if the current situation continues. The gap between the very richest and everyone else is growing wider, and the theory of "trickle-down" just isn't holding up, those at the bottom are still being shafted.

  • by tekrat (242117) on Thursday March 11, 2010 @10:52AM (#31437342) Homepage Journal

    And the poor got poorer. Nothing new to see here, move along.

    It's criminal, though isn't it? Millions of people are out of work, thousands are losing their homes, a majority of Americans have so little in savings that a single illness can put them over the edge into poverty, and yet, all these guys, despite a huge recession, saw their fortunes go UP.

    Go figure.

    • Re: (Score:2, Insightful)

      by clone53421 (1310749)

      Making money isn’t “criminal” and I, for one, hope it never will be.

      • Re: (Score:2, Insightful)

        by Anonymous Coward

        Making money may not be criminal, but making lots of money usually is.
        Please show me a billionaire that didn't pull illegal and criminal acts to get where they are.

        From Carlos Slim and Bill Gates, to Russia's modern day oligarchs, to the robber barons and old money families ruling America today - there just aren't that many people who become that rich without being immoral, oppressive criminals. Some hide it better than others; some attempt to buy their reputations back with acts of charity; but don't think

      • Re: (Score:3, Insightful)

        by cheesybagel (670288)
        Depends on how you make the money. A lot of people used to get rich at one time doing slave trade.
      • by trapnest (1608791)
        I personally know people who think it should be.
    • by ErikZ (55491) *

      I'd like to point out that also this year the rich got poorer and the poor got richer.

      And then there's the rich and the poor that stayed about the same.

      Anyone care to make a quip that involves statistical significance?

    • Re: (Score:2, Informative)

      Keep repeating that pithy little lie, and maybe someday in an alternate universe it will be true.

      But [visualizingeconomics.com] not [visualizingeconomics.com] here [wikipedia.org].
  • Is the fact that Gates isn't worth as much may be a function of him giving away his wealth as part of the Bill and Melinda Gates foundation? If so, I see him slipping as a sign that he is really putting his money where his mouth is, and actually doing something to improve the world with the results of his hard work like he said he would.

    Sheldon

  • Did he earn it? (Score:3, Insightful)

    by overlordofmu (1422163) <overlordofmu@gmail.com> on Thursday March 11, 2010 @11:08AM (#31437570)
    In America, greed is a game. Sure, Gates, Buffet and rich asshole #1 have money.

    Question: Did they earn it?
    Answer: No. They played a game well and have received a cash prize.

    No man does 53 billion dollar of work. He games the system so the incremental profits of the workers at the bottom of the pyramid trickle up into his pockets.

    If you disagree, you are wrong. The truth in the paragraph above is undeniable by clear-minded, rational people. However, fear of socialism fueled the Cold War, was the justification of the US war in Viet Nam, the US funding and training of death squad in Nicaragua, and is the rational for the current Cuba embargo. Oh, and fear of socialism is the primary undercurrent to keep healthcare in America as a luxury only the wealthy can afford.

    America is a fucked up mess. Capitalism is a fallacy.
    • by SmallFurryCreature (593017) on Thursday March 11, 2010 @11:50AM (#31438492) Journal

      America does tax the the rich to support its poor, therefor it is a socialist state. Trust me, you don't want to see real capitalism. Places like Hong-Kong used to be it and it ain't pretty. Think American ghetto's are though, imagine people with actual paying jobs living in "housing" that is a shell, with inside a mesh of cages that house entire families. Yes, not dissimilar to how chickens are housed in battery farms.

      In a true capitalistic country, there is no restriction on what can be for sale. You would have legal organ harvesting, since money buys anything.

      America right now might be bad, but it could be a lot worse.

      And you can't really blame the Bill Gates of the world for it either. He got 1 vote. It is the millions of people who are just a paycheck away from complete financial ruin who vote against a system that could give them a proper safety net because they think that next paycheck will have a billion dollar amount on it, and then they would have to pay 50% taxes on it and that 500 million would mean utter ruination of their dream to one day make it rich.

      It ain't the rich who worry about taxes, if Bill Gates suddenly had to pay 80% in taxes, what would he loose? Nothing. It is the idiots who live on minimum wage who somehow capping capital gains tax is a good thing for them.

      It is the American dream vs gritty reality and reality doesn't stand a chance.

      Sweden is the almost complete opposite, there the working and middle class (the majority voter) believe that the best system for themselves is a system where you can take a year off from work, or not work at all and be supported by the state. An alien thought to most Americans, but ultimately the Swedish system can only exist because the majority votes for it.

      And the majority of American seem to want the current system.

    • Re: (Score:3, Informative)

      by Funk_dat69 (215898)

      America is a fucked up mess. Capitalism is a fallacy.

      Yeah because the communism of N. Korean and USSR are beacons of progress.
      Maybe your angst is misdirected.

      People can use their skills (whatever they may be) to make money and that should be their right. Even if it means they make more money than you can with your skills. Tough cookies. Life is not fair.

      The *real* problem here is with Carlos and how he made his money. His business has a monopoly on the Mexican (and many other latin american countries) Telecom industry. That is bad because it hinders others fr

    • Re: (Score:3, Interesting)

      by DerekLyons (302214)

      If you disagree, you are wrong. The truth in the paragraph above is undeniable by clear-minded, rational people.

      You just gotta love internet debate - no facts need apply when you can just declare your opponents wrong a priori.

    • Re: (Score:3, Informative)

      by Monsuco (998964)

      No man does 53 billion dollar of work. He games the system so the incremental profits of the workers at the bottom of the pyramid trickle up into his pockets.

      You do realize that the the labor theory of value is very widely discredited. Investing is not some giant conspiracy against workers. Investment enables the economy to allocate resources in ways that allow for workers to ... well work. A farmer does much better if a speculator can buy their crops at a fixed rate than selling them on the open market. He no longer must bare the entire risk of markets when he farms. Onions cannot be speculated on, and as a result onion farmers are frequently put out of busines

    • Re: (Score:3, Insightful)

      by Eil (82413)

      Clam down there, Marx. This game you refer to is called "life," and no, it isn't fair. It won't ever be. Better to accept that fact now and press on than to sit around crying about it.

      No matter how much of a "fucked up mess" you think America is, the fact remains that the standard of living for the poorest of our poor is still vastly better than almost anywhere on the planet. Even if you have nothing but the clothes on your back, you can at least walk into a homeless shelter and get free food and a place to

  • charity (Score:4, Informative)

    by roman_mir (125474) on Thursday March 11, 2010 @11:13AM (#31437662) Homepage Journal

    Gates spent 30-40 billions on charity, if he didn't, still would've been #1.

  • Cry me a fucking river.

  • Outsourcing (Score:3, Funny)

    by genner (694963) on Thursday March 11, 2010 @02:04PM (#31440866)
    Wow we're even outsourcing our rich people now.
    No wonder our economy sucks.
  • by Funk_dat69 (215898) on Thursday March 11, 2010 @02:20PM (#31441086)

    The richest guy in the world being from one of the most corrupt countries? Big surprise. When you own much of the industry in an entire country, you know some nasty deals have gone on somewhere.

    I'm pro-capitalist, but if a single business/person owns controls that much, it ceases to be capitalism. There is no competition, no new investment, no invention. Nothing but collecting payment since there is no other option. The sad thing is the Mexican government probably couldn't break up Carlos' monopolies at this point even if they wanted to.

    Congrats Carlos. You won. Everyone else in Mexico loses.

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