World's Richest Man: 'Charity Doesn't Solve Anything'

"The only way to fight poverty is with employment"

"Trillions of dollars have been given to charity in the last 50 years, and they don’t solve anything"

"There is a saying that we should leave a better country to our children. But it’s more important to leave better children to our country"

That's what he said. It may be really wrong, stupid, or right. What matters is "is he right?".

Slim's story includes several investments on different industries, including specialty shops (Sanborn's) which he has managed to completely turn around from near-bankrupcy to huge commercial success.

I am not making a claim that his wealth from Telmex didn't contribute to his success, but implying he just managed to get where he is because Mexico's regulatory bodies are useless is a huge understatement to his ability in an industry where several key players (Like AT&T, Nextel, Telefonica Movistar, and others have failed).

My point here is that most people are not Bill Gates, Steve jobs, Warren Buffet or Mr. Slim. Simply put most people if given money do not spend it wisely and often find themselves in similar situations within short periods of time because they feel entitled to something being given to them.

Now this is not to say that there are exceptions to that rule, I truly believe there are. I think the bill and Melinda Gates foundation has done tremendous work, as have other organizations like the scoff Tiger Woods organization. But these examples focus on the betterment of communities and are not the benevolent "Robin Hood" type charities which indeed exist to this day (some with very little practical accomplishment) While one commenter was right that the Rockefeller's donated VERY significant amounts of their money to charity I think they have an important oversight. the Rockefellers ruled the world through their "charity" essentially having every company and political pundit in their back pocket. What Gates and Buffet do with their charitable contributions are significantly more benevolent than most figures of the past. Though again there are some exceptions (Corneilus Vanderbilt comes to mind) to that rule as well.

Then again we all have opinions, and that is just mine. :)

So without dragging this on too much what i am meaning to say is maybe we're all right. And by Mr. Slim donating fair amounts to the Gates foundation he may even be saying he agrees, in the end the truth is that even the most intelligent and business savvy people in the world have radically different views on this, its my opinion that we need both of those views and types of people for society's continued evolution

John D. Rockefeller actually ended up being a lot richer because the courts broke up Standard Oil[1]. He went from having a controlling stake in the most powerful company in oil, to having a controlling stake in most of the powerful companies in the whole oil industry (ExxonMobil, Chevron, BP, Shell). I just wanted to clarify that point because the order in which your statement was crafted kind of made it seem like the courts broke up his wealth when they actually expanded it.

1.Rockefeller, who had rarely sold shares, held over 25% of Standard’s stock at the time of the breakup. He, as well as all stockholders, received proportionate shares in each of the 34 companies...The companies’ combined net worth rose fivefold and Rockefeller’s personal wealth jumped to $900,000,000.http://en.wikipedia.org/wiki/John_D._Rockefeller