Mexico has billionaires... And yet we give them aid...
This mexican billionaire has a novel idea... Investing creates jobs... Jobs fight poverty....
Hmmmmm....
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Mexican billionaire says investment, jobs needed to fight poverty
TLAQUEPAQUE, Mexico (CNS) -- Investment and jobs, not just donations and charity, would help relieve the poverty that affects approximately 50 percent of Mexico's population, said a Mexican billionaire ranked as the world's third-wealthiest person. "It's not enough to just give trillions of dollars or that there are thousands of organizations, conferences, institutions, boards and experts dedicated to combating poverty," Carlos Slim Helu told a gathering of Jesuit business school leaders in suburban Guadalajara June 12. "We've seen that this doesn't work. It's only a temporary alleviation," said Slim, a telecommunications czar whose fortune is estimated by Forbes Magazine at $49 billion. He spoke at the World Forum on Corporate Social Responsibility, organized by the International Association of Jesuit Business Schools and held at ITESO University near Guadalajara. Slim said "the path to reducing poverty is through economic growth," which has been lacking in Mexico over much of the past 25 years.
This mexican billionaire has a novel idea... Investing creates jobs... Jobs fight poverty....
Hmmmmm....
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Mexican billionaire says investment, jobs needed to fight poverty
TLAQUEPAQUE, Mexico (CNS) -- Investment and jobs, not just donations and charity, would help relieve the poverty that affects approximately 50 percent of Mexico's population, said a Mexican billionaire ranked as the world's third-wealthiest person. "It's not enough to just give trillions of dollars or that there are thousands of organizations, conferences, institutions, boards and experts dedicated to combating poverty," Carlos Slim Helu told a gathering of Jesuit business school leaders in suburban Guadalajara June 12. "We've seen that this doesn't work. It's only a temporary alleviation," said Slim, a telecommunications czar whose fortune is estimated by Forbes Magazine at $49 billion. He spoke at the World Forum on Corporate Social Responsibility, organized by the International Association of Jesuit Business Schools and held at ITESO University near Guadalajara. Slim said "the path to reducing poverty is through economic growth," which has been lacking in Mexico over much of the past 25 years.

