When Frank Gehry gets around to designing America's answer to the Sistine Chapel, I trust this postmodern Temple of Mammon on Las Vegas Boulevard will have a ceiling fresco depicting Warren Buffett's consignment of $31 billion to Bill and Melinda Gates. As the older billionaire sits on his pillow of cloud, his outthrust hand with its bag of securities is grasped by Gates--the Adam of Software Commerce--while seraphs and cherubs muse delightedly over the IRS regulations governing the sheltering of Buffett's swag in tax-exempt nonprofit foundations.

Let us not waste too much time here advising Mr. and Mrs. Gates how to spend Buffett's money. At the moment it seems that the Gates couple's core focus is the war on AIDS and malaria, both ravaging Africa. How to improve the Dark Continent's overall well-being? America's senators and representatives can be bought for bargain-basement sums. A modest disbursement by the Gates Foundation--let us say $50,000 for each senator and $20,000 for each rep--would most certainly buy enough votes to end the current government subsidy, $4.5 billion for 2004, to cotton growers. The entire crop that year, the last for which figures are available, was worth $5.9 billion and the subsidy enables US growers to export three-quarters of their harvest and control about 40 percent of world trade, thus destroying the farm economies of countries like Mozambique, Benin and Mali. The WTO found the United States in violation this spring, but the ten largest cotton growers here--virtuous Jeffersonian toilers such as Kelley Enterprises and JG Boswell--have the necessary political clout to keep the subsidies coming.

With overthrow of the cotton subsidy as a pilot program, Gates could launch a wider onslaught on the subsidies doled out to large wheat, rice and corn growers. Economists are slightly more costly than politicians, but generous Gates "scholarships" to prominent neoliberal economists would be contingent on these economists' swift revision of their foolish theories, currently ravaging rural India.

Subscriber Login

User Name

Password

Subscribe Now!

The only way to read this article and the full contents of each week's issue of The Nation online is by subscribing to the magazine. Subscribe now and read this article -- and every article published since for the past five years -- right now.

There's no obligation -- try The Nation for four weeks free.

• Get The Nation at home (and online!) for 75 cents a week!
• If you like this article, consider making a donation to The Nation.