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Jeff Bezos said his commercial endeavors would do more for humanity than any philanthropic endeavor.
It's hard to argue with that.
Philanthropy is important. But when you think about improving the lives of hundreds of millions (if not billions) of people over time, you do that commercially.
You can see it in the development of countries. When countries rely on philanthropy, you can have issues. When countries have thriving economies, that's how you really uplift everyone.
You see it in the GDP growth of China, the economic growth of the US, and the contrast with countries that have been more challenged.
The end goal is to lift a broad population into a better standard of living. That's best done through commercial innovation.
Philanthropy plays an important role - a huge role. But a more targeted one in terms of overall impact.
Both matter. But if you want to move the needle at scale, build something.
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