I submit that Gates did more good for the world amassing his fortune then he'll ever do giving it away. Love them or hate them, Microsoft revolutionized the tech industry. What have his philanthropic efforts amounted to?
The only one in that position is Germany, which is prospering as an export economy by maintaining the Euro to keep it's exports cheap enough for it's neighbors to buy. Unfortunately, maintaining the Euro is imposing it's own costs.
You might want to consider that in the 50s and 60s our government could get away with that because we really had no competition. Europe was still recovering from 2 world wars, India and China were mostly known for famines, and Made in Japan was a synonym for cheap junk. If you wanted to operate in a world-class industrial environment, the US was your only option. Try to tax someone at 90% today, and the smart money says they'll be moving themselves and their assents to a friendlier location, but fast.
Ok treatment cost you nothing directly in your country. But how many new treatments get developed there?
This is what economists call an "opportunity cost".
And at the same time, it'll discourage some from starting up. The question is, on balance, will it encourage more than it will discourage? I think the jury is still out on that one, although I tend to think it'll favor discouragement. The cases where it would be an encouragement sound marginal at best.
Hence, I offer you the Dark Enlightenment.
I'm not sure that it's a hard and fast rule that more technology necessarily creates more jobs. We know that that has been true up to this point. However, a lot of those new jobs were for maintaining and supporting the new technologies. When your technology develops to the point where it supports and maintains itself, I'm not sure that will be true any longer.
For example, when I first started working in IT, at a medium sized mainframe installation you needed a staff of about a dozen operators per shift to perform manual tasks such as fetching tapes and running printers, and recovering and restarting failed jobs. Now that you have automated tape libraries, outputs are now directed to online archival systems, and you have software that can correct and restart failed jobs with little or no human intervention, most of those jobs are gone.
Also, robotics technologies are now becoming sophisticated enough to perform tasks such fruit picking and other manual labor which was previously impractical to automate.
So I think the question is still on the table. Is there an inflection point where technology will begin destroying jobs on net? I don't think we really know that yet.
No kidding. Liberia has bigger problem than college admissions.
Perhaps you can explain why Ethiopia, which has never experienced any colonization, is in even worse shape than any of the countries that did?
You do realise that there are more whites on food stamps than blacks, do you not?
No matter how many times that old canard is stated, it's still not true.
Don't panic.