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Showing posts from September 30, 2012

This is what excessive wealth buys

Sheldon Adelson is working on a deal to develop a Las Vegas style gambling center in Spain (called Euro Vegas) where gambling has been banned for moral reasons.  He has already built an similar gambling center in Macau (People's Republic of China),  which helped Adelson build his wealth of approximately $25 billion dollars.  In Macau, his attempts to manipulate the government have drawn scrutiny from federal and Nevada investigators, but this has not deterred him from moving on with his plans for Spain.  Besides being an apparent manipulation of desperate people and countries, doesn't this all seem apocalyptic?  A man with more money than he, his family or generations of his family could ever spend seeks to accumulate even more wealth.  What is the point of his greed?  If Adelson showed an inordinate amount of philanthropy like Charles F. Feeney or even a more modest amount of philanthropy like Bill and Melinda Gates (which is still extraordinary), it would make sense, but thi…