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Bill Gates calls on "creative capitalism" for billions of world's poor

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posted on Jan, 24 2008 @ 02:54 PM
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Bill Gates calls on "creative capitalism" for billions of world's poor


www.reuters.com

DAVOS, Switzerland (Reuters) - Microsoft Corp (MSFT.O: Quote, Profile, Research) Chairman Bill Gates called on Thursday for a new "creative capitalism" to help the world's 1 billion poorest who live on less than $1 a day.

Gates, one of the world's richest men, said he was not dumping the basic tenets of capitalism but argued market forces must be better used to address the needs of those left behind by advances in technology and healthcare.

"We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well," he told the annual meeting of the World Economic Forum. "I like to call this idea creative capitalism."

The speech to top businessmen and politicians in Davos reflects Gates's growing focus on philanthropy. Gates built Microsoft into a formidable and sometimes controversial money machine, which has been accused in the past of abusing its market position.

But he will retire from full-time employment at Seattle-based Microsoft at the end of June to concentrate on his charitable organization, the Bill & Melinda Gates Foundation. The organization, founded in 2000, supports projects to improve health, reduce poverty and increase access to technology.

Gates said the self-interest behind capitalism had driven multiple innovations but to harness it to the benefit of all required the system be refined.

(visit the link for the full news article)




posted on Jan, 24 2008 @ 02:54 PM
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I would like to hear some of your inputs on this.

Capitalism..

Yea? Nay?

Why?

www.reuters.com
(visit the link for the full news article)



posted on Jan, 24 2008 @ 03:08 PM
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How bought lowering the price of Microsoft products and services for a start?


OOPS!!! Did I say that?



posted on Jan, 24 2008 @ 03:16 PM
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I agree with Bill Gates. Communism doesn't work, nor does Socialism. Capitalism seems to be the best fit for society. That doesn't mean we can't tweak it to help people.

There is enough money going around for anyone to live the American Dream and still have everyone -in this country - living comfortably.



posted on Jan, 24 2008 @ 03:31 PM
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I would like to hear some of your inputs on this.

Capitalism..

Yea? Nay?

Why?


Well, I cannot imagine anyone would vote "nay" on this one; and it certainly sounds good. (You can't have capital without the appendix of -ism.)

But I was hoping for some concrete proposals about HOW to do it.

Interesting, anyway.
Let's hope he - and others - come up with workable plans. ASAP.



posted on Jan, 24 2008 @ 03:42 PM
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I'm glad he's thinking about this.

Just one idea from me would be to take a good portion of the extra profits made from outsourcing jobs and pump those profits back into the community of the country we're exploiting. Build hospitals, schools, parks, etc..



posted on Jan, 24 2008 @ 03:58 PM
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Bill Gates was handed the reigns of a technological breakthrough that he did not create. He then spends his billions of dollars on Eugenics programs cleverly disguised as international inoculation programs.

I trust the man as far as I can throw him.

To every philanthropical endeavor of Gates and his fellow NWO billionaires, there is almost always a hidden motive that aims to improve their wealth and further the destruction of the third world. I could go on and on...

I hope this 'creative capitalism' isn't just a shy term for setting up a monopoly of foreign economies... but I already know better.



posted on Jan, 24 2008 @ 03:59 PM
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Capitalism does not work, how can it work in a world that needs profit. Capitalism is the worst sort of government for a society as what it leads too, and the fact that like communism, both systems do not work.

How about lowering microsoft prices for the poor, if he wants people to be able to get computers etc... but he won't. Even though he is a great person, and we owe alot of the computer age to him, he still is one of the big boys, and he sees all this as his plaything, powertrip anyone.



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