International capitalist roader Bill Gates just put out an op-ed in China’s People’s Daily Communist Party paper, in which he called on China’s wealthy capitalists (who read the People’s Daily) to redistribute their wealth, because nothing in the world makes sense any more and all of our labels for things are wrong.
Gates’s editorial confronts China’s newly-wealthy, who apparently have extremely low rates of philanthropy. Gates encouraged the rich to “invest in the poor,” but he might have a tough sell, as South China Morning Post reports:
[Gates’s] appeal in the party paper comes four years after he famously hosted a charity event along with Warren Buffett, the world’s third-richest man, in Beijing. […]
China has the highest number of billionaires in the world after the United States, according to Hurun Report, a media company headquartered in Shanghai. The number of billionaires in China stood at 358 by the end of last year, up by 41 from the previous year.
Yet, Facebook founder Mark Zuckerberg alone donated more than China’s 100 most charitable entrepreneurs combined last year, the Chongqing Morning News noted in a recent commentary.