Earlier quoted context omitted.
There's no reason to get into comparisons, except to the extent that it helps push them to compete harder, and make more progress. A public space race of billionaires is exactly the kind of thing we should all be hoping for. They can leverage their relatively small funding to push much larger government funding in productive directions. They're better than most government administrators and don't have as many constra…
> Let's get a public race among billionaires for curing cancer, HIV, and poverty. Imagine thinking that having to beg fief lords for what should be yours by right is a good thing ...
The fact is that governments already spend far more than billionaires are able to spend and are relatively ineffective. No one has ever suggested they stop doing their part. Billionaires lending their expertise and money is not a substitute for government work, it's just a proven accelerant.
See Bill Gates' work in Africa for an example. He has leveraged his fortune to help find effective opportunities for his money and government money. He has has saved millions of lives that no government would have otherwise saved, even if he had donated all of his money to the U.S. treasury.