We Need a More Targeted Approach to Combatting Global Inequality
Friday, September 20, 2019
By Bill and Melinda Gates
The global economic system works very well for some people, including us. It hardly works at all for millions of others. Those for whom it doesn’t work are robbed of the opportunity to lead the life they want, and that is unjust.
We believe that every life has equal value. That’s why we believe in progressive taxes and paying our fair share to support government programs, and it’s why we are giving virtually all of our money away. We want to narrow inequality. But even though the motive for our philanthropy in the United States and around the world is the same, the way we put it into practice is not.
Most of our philanthropy in the United States is focused on public education. A great school is a key to success, but you’re less likely to go to one if you’re a student of color, low income, or both. We hope to help change those odds by improving schools. Expanding educational opportunity is not a silver-bullet solution to economic inequality—for example, it doesn’t address the fact that only one in five senior leaders at U.S. companies is a woman, and that only one in 25 is a woman of color—but it’s a start. And just last year, we launched a complementary effort to help organizations across the country attack some of the root causes of poverty.
Photo courtesy of DFID.