The Other McCain

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Melinda Gates, SJW

Posted on | June 6, 2018 | 1 Comment

 

The Real Billionaire Housewives of Seattle:

Melinda Gates has decided to enter the venture capital world by sending her money to people based at least partly on their sex and skin color, she said in a recent Fortune interview.
“It’s been incredibly disappointing to watch how few women-led businesses are getting funded,” Gates said. “Ultimately, if we want more innovation and better products, we’ve got to put more money behind women and minorities. That wasn’t happening, so I decided to step in and see what I could do to help a little bit.” . . .
“I am specifically looking at funds who over-index on women-led and minority-led businesses.
“I’m asking a lot of business questions about how they will go about their funding, how they will over-index on women’s businesses, and how they will hold themselves accountable for a great return.
“Some of these big firms often believe in the white guy in a hoodie disrupting a whole industry. So we’re going to disrupt it by making sure we’re indexing for women and minorities because they’ve got great ideas.
“Many of them think if they have one female at the table, they’ve done their job. Another big one is when they say that they have trouble finding women. Those are just excuses. They  don’t know what investing in these areas looks like until they get several women who are partners in their firm.”

(Hat-tip: Instapundit.) Obviously, I’m no expert on high-tech venture capital, but is it self-evidently true that “women and minorities” have a monopoly on “great ideas”? Because that seems to be what Mrs. Gates is implying: By “over-indexing” such ventures — putting a thumb on the scale, to discriminate against white males — she expects to make more profit. Or is profit even her goal? Doesn’t her rhetoric suggest that she sees this quota-mongering approach to investing as an end unto itself? In other words, Mrs. Gates is less concerned about whether her investments produce profit than whether they advance her social-justice goals.

My prediction? “Get woke, go broke,” as Professor Reynolds says. Being married to one of the richest men in the world, Melinda Gates has a lot of money to throw away in such a manner, so it’s unlikely she could spend herself into bankruptcy. However, we can expect her to do a lot of damage in the meantime. Social justice is a bad business strategy.

What’s weird is that Mrs. Gates thinks minorities have “great ideas,” while she’s doing everything to abort Africans out of existence.

 

Category: Economics

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One Response to “Melinda Gates, SJW”

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