The standard of living has increased for everyone. The entire world is doing better. Look at how much effort capitalists like Bill Gates have helped the poor. He is eradicating diseases.
Nothing wrong with investing in Monsanto. They do a lot of great stuff. GMO's are essential to our future. Gates is one of the great humanitarians of our day.
He's mostly eradicating poor people with family planning. Gates #1 goal is to slow the population growth in Africa. If he cared about poor Africans, he'd encourage rapid industrial dev
Industrial development is outside his ability. That is something done at a government level. That said much of Africa is industrialising. Mostly due to Chinese colonization efforts.
When disease us eradicated, and infant mortality rates drop, we naturally see a decline in the birth rate. So he is eradicating disease and helping the poor. He is helping how he can.