Following on from yesterday’s post on how money can deal with some of the issues we face today, I was comparing the numbers highlighed by the Copenhagen Consensus against an summary table of bank write offs. For example, you could save 500,000 lives by spending $1billion on malaria treatment and prevention, in comparison to the $382 billion that the banks have written off since Jan ‘07. Even the Asian banks write off at $2.8 billion could have saved so many lives.
I think to restore my faith, I may need to do some research on charitable donations by the banks. Watch this space.
