Busting the Myths About Poverty

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Jan. 21 (Bloomberg) -- Bloomberg View's Jonathan Weil weighs in on the exclusive interview with Bloomberg LP Founder Michael Bloomberg and Microsoft Founder Bill Gates. Weil speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Interview michael bloomberg and bill gates, betty liu sat down with them.


gates out with his annual letter talking about his foundation and what he would like to see.

There were some pretty big names -- themes discussed.

One of which, poor countries are not doomed to stay poor.

We can change that.

He said it is overly pessimistic to believe the paradigm cannot be changed.

That people can move forward and try to deal with this on a more humane level.

He spoke about that today with the former may your of new york.

Let's listen into some of what mr.

Gates had to say.

The backs are on the side of the optimist.

I think it is dangerous people are focusing on the bad news and not seeing the progress you have made.

They do not look at best practices.

Most people are middle income countries right now.

There is more to be done.

The track record of success, if you do not see that, you will not participate in what we need to do.

He said by 2035 we will have no more poor countries, which is incredible.

It is not that far away.

A lot can be done.

I am skeptical that we will not have any more poor countries.

I look at the notion of poor countries, and i did not believe that.

Foreign aid is a big waste.

I do not believe that.

A lot of politicians use that as an excuse.

I do recall instances where you have conservative lawmakers holding up $600,000 foreign aid package.

His quote was it is dangerous that people are focusing on the bad news and not seeing the progress we have made.

Journalism we get in trouble for reporting just the bad news.

Everyone should be focusing more anytime we see progress.

Another point he made is that saving lives lead to overpopulation is another big myth.

That was my reaction.

It comes down to kids.

We are talking about children and saving their lives.

He said with the right investment, changes in policy, he said every country will have child mortality rates that are as low as the rates in the u.s. or u.k. were in 1980. things are changing.

There are a lot of stereotypes.

Brazil for example.

I have spent a lot of time reporting their.

There was a thinking that hunger was a problem in brazil.

Certainly in cities like rio de janeiro.

A few years back the mayor instituted a program to institute -- to help with obesity.

That also involves changing a mindset.

It surprised me.

You think of a poor country and poor country like brazil, and you would think they would have the problem of still be suffering with hunger.

Fortunately, things are getting better.

A country like somalia would not have abject poverty.

We can have ambitions and aim for the stars.

The economy has gotten on stable footing.

It does ask the question, is cynicism holding people back.

It is not that we do not want to get our hopes up too high, but when someone says this will happen by 2035, is the reason to think -- it does not mean we have to accept that as a prediction.

Certainly cool to think about, and we all hope it does.

Mark crumpton, good to sit

This text has been automatically generated. It may not be 100% accurate.


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