The Difference Between Business And Philanthropy

 ” If you open a restaurant , and the public does not like your food , you will know . If you do the wrong things in philathropy , you don’t get a feedback from the market system . ”

                   ——- Warren Buffett

I was very glad to hear these words today.The Buffett-Gates fortune is huge and I worry about how it will influence Public Policy in India.We have been too uncritical of Western ideas in the past ,adopted them with over-enthusiasm and have lived to regret it.Eg.Population Control,Green Revolution etc.I am glad that Buffett is aware of the implications of bad philanthropy.