Howard Buffett, the 71-year-old son of Warren Buffett, the 95-year-old “Oracle of Omaha” himself, has a new message for philanthropists: You can’t fight poverty without proper rule of law.
In a conversation with CNBC earlier this month alongside his two siblings—Susan and Peter—Buffett spoke candidly about wisdom he had heard from Gary Haugen, CEO of International Justice Mission, an organization dedicated to protecting people in poverty from violence. Buffett highlighted the dilemma of addressing poverty in places where the rule of law is undermined by conflict, mentioning countries such as Congo or Sudan. Addressing economic opportunity is not enough to solve poverty alone, he said.
