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Sergey Brin has a secret disaster relief charity

thedailybeast.com

31–40 of 65 posts

Re: Sergey Brin has a secret disaster relief charity

#31

Earlier quoted context omitted.

Here is one example... 5. Niger: Wealth per Adult: $1,017 Niger is the largest nation in West Africa, but more than 80% of its land area is in the Sahara Desert, so it is prone to drought and famine. The GDP as of 2017 was $9.87 billion, but the wealth per adult remained low despite economic reforms. Reference: https://www.investopedia.com/articles/managing-wealth/112916...

To keep that in perspective, the GDP of Niger (population 22 million) is about the annual budget of San Francisco (population 900 thousand). Is comparing very poor countries to individuals from very rich countries a relevant framing? Global wealth disparities aren't a new phenomenon (and global wealth inequality is decreasing!)

Usually these comparisons are not very fair because it’s done by currency exchange rate conversion. For example, a person with mere $800 per month income in India can have superior life style than minimum wage worker in USA.

Re: Sergey Brin has a secret disaster relief charity

#32

Earlier quoted context omitted.

The US is the wealthiest country on earth. Sergei Brin's checking account would be the 74th largest GDP in the world.

Checking account or total value of investments?

It was a figure of speech. Obviously he doesn't have an 11 figure bank balance.

Re: Sergey Brin has a secret disaster relief charity

#33

Besides monarchs in the past, for the first time in the history of Planet Earth we have many people and corporations that have more money than governments and so with that comes the responsibility of "acting accordingly". I believe that in a good light this will continue to assist humanity in ways never thought of before as human ingenuity is always more nimble than large bureaucratic organizations.

The annual budget for just San Francisco is $12 billion (https://sfbos.org/supervisor-fewer-budget-information). That's 20% of Sergey Brin's net worth.

So no, I don't think that any billionaire is even remotely close to being able to sustainably spend what any country-level government can.

For another reference: the smallest GDP listed at https://en.m.wikipedia.org/wiki/List_of_countries_by_GDP_(no... is ~$40B, and government spending is usually some 10s of percent of GDP.

Re: Sergey Brin has a secret disaster relief charity

#35

> But the use of ex-military personnel for humanitarian and conservation work is also controversial, according to Rosaleen Duffy, a professor of politics and international relations at the University of Sheffield. No, Professor Duffy, the use of ex- or active - military personnel to render aid is not controversial. It's a widely accepted and successful practice.

Special forces do this type of thing often too. It's part of winning hearts and minds.

Re: Sergey Brin has a secret disaster relief charity

#36
post #2

Truly commendable that he would do this, but deeply terrible that a private citizen, no matter how wealthy, can beat governments to the punch on this kind of aid.

Unfortunately, we are living in an era of "America First" where a vast segment of the population has no interest in engaging with or providing aid to the rest of the world. Not to mention a sizable sub-segment that has no interest in providing aid even to their fellow citizens, who happen to check a different demographic box.

The US government can put Sergey to shame... if it wanted to. But it's unlikely that it will anytime soon.

Re: Sergey Brin has a secret disaster relief charity

#37

Earlier quoted context omitted.

Is this really that surprising? Governments' advantage is crafting certain kinds of incentives that markets can't, but it's pretty much a guarantee that government will be more incompetent at whatever specific task they put their mind to, in large part because of the burden of democratic accountability. Conditioned on the resources and incentives being centralized (in Brin), why wouldn't you expect his organization t…

Yes, the poor performance of the US government in COVID-19 is astounding and unique among governments. In no small part due to exactly this attitude. The US Government was the first institution in the world to put a man on the moon. A half century before the libertarian corporatism figured out the market incentives to merely put stuff into low orbit. Which even communism figured out a half century ago. And even now t…

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Re: Sergey Brin has a secret disaster relief charity

#38
post #18

> But the use of ex-military personnel for humanitarian and conservation work is also controversial, according to Rosaleen Duffy, a professor of politics and international relations at the University of Sheffield. No, Professor Duffy, the use of ex- or active - military personnel to render aid is not controversial. It's a widely accepted and successful practice.

At some point ex-military might just mean good at operations and logistics.

I recently took some college classes later in life (being dropped in with a bunch of 18 year olds at 30 is an interesting experience), and was blown away by the few ex military guys (roughly my age) in the classes. Of course it might be self selecting since it’s the ones who chose to go to school after their military career ended, but they were consistently some of the most mature, level headed people I had ever met. Definitely changed my outlook on folks coming from the military.

Re: Sergey Brin has a secret disaster relief charity

#39

Earlier quoted context omitted.

> can beat governments to the punch on this kind of aid. Yes, exactly this. Not "can provide the aid", but "first to the punch". You really hit the nail on the head. The morality of massive wealth accumulation -- and the morality of various mechanisms for changing that accumulation -- is definitely something that reasonable people can have a polite and respectable debate about. But it is absolutely unacceptable that…

Is this really that surprising? Governments' advantage is crafting certain kinds of incentives that markets can't, but it's pretty much a guarantee that government will be more incompetent at whatever specific task they put their mind to, in large part because of the burden of democratic accountability. Conditioned on the resources and incentives being centralized (in Brin), why wouldn't you expect his organization t…

> democratic accountability

That's so far from what exists now in the US, it's doubtful that it's an inherent factor in our government's dysfunction.

There are many governments that aren't totally useless, so if you're looking at the US and thinking that we can't do any better, that shows a serious lack of imagination and perspective.

Re: Sergey Brin has a secret disaster relief charity

#40

Earlier quoted context omitted.

Who has more money than governments? Sergey Brin is worth about $65 billion. The US federal budget is ~$3 trillion _per year_

The US is the wealthiest country on earth. Sergei Brin's checking account would be the 74th largest GDP in the world.

Why are you comparing somebody’s net worth to a GDP, which is a rate? That makes zero sense.
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