Bill Gates, the world’s richest man, said that by 2035 no nation will be as poor as any of the 35 that the World Bank now classifies as low-income, even adjusting for inflation.
Most countries will have higher per-person income by 2035 than China does now, Gates said in the Bill & Melinda Gates Foundation’s annual letter published today. He argued against what he called “three myths” that block progress for the poor: poor countries are doomed to stay poor; foreign aid is a big waste; and saving lives leads to over-population.
“The facts are on the side of the optimists,” Gates, 58, said today in a Bloomberg Television interview with Betty Liu. “It’s actually dangerous that people are focusing on the bad news and not seeing the progress we’ve made. It means they don’t look at the best practices, it makes them less generous.”
The Gates Foundation has distributed $28.3 billion in grants since 1997 to fund projects in global health and development and education programs in the U.S., according to the organization’s website.
Almost all countries will be what are now called lower-middle income or richer by 2035, Gates said in the letter. They will learn from their most productive neighbors and benefit from innovations such as new vaccines, better seeds and the digital revolution, he said.
Population Matters comment: This will send resource consumption soaring. All the more reason to promote smaller families.