Davos Annual Meeting 2008

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Davos Annual Meeting 2008 - Bill Gates

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http://www.weforum.org/annualmeeting 24.01.2008
A New Approach to Capitalism in the 21st Century
William H. Gates III, Chairman, Microsoft Corporation, USA
Chaired by
Klaus Schwab, Founder and Executive Chairman, World Economic Forum

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uuummm need some ... ( 4 months ago by amoll)

uuummm need some deep thought !!

A country where ... ( 4 months ago by philosophyarchitect)

A country where individual rights are consistently upheld is, in a sense, necessarily somewhat anti-democratic. Yes having government leaders elected is absolutely necessary to keeping a nation free, but to give the majority absolute rule over the individual is inherently unfree. But that is only by a broad definition of democratic.

And only capitalism ... ( 4 months ago by philosophyarchitect)

And only capitalism allows technology to flourish. Socialism/capitalism is not the passive transfer of a finite amount of wealth. The ability to keep and sustain private property is absolutely necessary for economic expansion and innovation. As a small, small example, go down the list on the economic freedom (i.e. capitalism) index and think about the general trend as the amount of this goes up and/or down.

Our culture, ... ( 4 months ago by philosophyarchitect)

Our culture, unfortunately, opposes reason individualism and capitalism too much for a CEO-minded person to be elected even if he or she did run. Considering the sort of nonsense one needs to withstand to be a politician no wonder they don't run!

The primary problem ... ( 4 months ago by philosophyarchitect)

The primary problem is the autocratic nature of those government which stops market economies from developing; when formerly controlled nations adapt market economies, they cease being third world, like Japan and South Korea and, it appears, near-future China. Maybe if the west stopped hating itself the people in these nations would be more likely to adapt what has made us flourish.

I LOVE THIS GUY. ( 4 months ago by roxhana2)

I LOVE THIS GUY.

more like 34 ... ( 3 months ago by crazycutz)

more like 34 minutes.. hm... so he actualy managed to get extra 4 minutes for free.. well done Bill :)

You can't possibly ... ( 3 months ago by pipeorganloverNJP)

You can't possibly think he'd time himself to the last second, could you?

he is a my best ... ( 3 months ago by linh111189)

he is a my best idol!

watch on YOUTUBE: " ... ( 3 months ago by Marly61)

watch on YOUTUBE: "The Truth about the Wall Street Bailout: How "Free Market Capitalism" Really Works. Nader and Chomsky Explain the Game, a Nanny State to Take Care of the Rich"

Its funny that ... ( 3 months ago by Marly61)

Its funny that Socialism always bails out Capitalism (rich elites); its never the other way around.

Philososo, but what ... ( 3 months ago by Marly61)

Philososo, but what about reality?
All the countries who rejected laissez-faire capitalism are now flurishing. They are all rejecting the structural adjustment programs supported by the Washington Consensus and there economics have turned around and away from the corporate welfare and elitist wealth transfer systems. Such all east asia, Argentina, Standard economic history recognizes that state intervention has played a central role in economic growth.

Standard economic ... ( 3 months ago by Marly61)

Standard economic history recognizes that state intervention has played a central role in economic growth. But its impact is underestimated because of too narrow a focus. To mention one major omission, the industrial revolution relied on cheap cotton, mainly from the United States. It was kept cheap and available not by market forces, but by elimination of the indigenous population and slavery.

What would be ... ( 2 months ago by smujismuj)

What would be better....Transparent Socialism....or increasingly smaller groups of banking interests deciding what's good for everyone? Bill Gates believes in the market...that is his flaw. The market rewards greed, ruthlessness and profit, regardless of how profit is achieved. War is profitable, therefore those who profit from it will do whatever it takes to produce wars. Find someplace to hide, the world as we know it is coming to an end.

only the rich can ... ( 2 months ago by hongster76)

only the rich can afford charity, will u feed ur neighbor's child when yours is starving? in the game of capitalism, to get rich, u have to depend on the rich. when bread is abundance, the rich dont mind the poor feeding off the crumbs, but when resource is scarce, dont expect crumbs. if the rich is charitable, they will buy all the stocks in the stock exchange to keep the market afloat, but you see them in selling frenzy once they think their very financial interests are at risk.

Excellent......very ... ( 2 months ago by 9994448343)

Excellent......very great....

Profit is mostly ... ( 2 months ago by rightnow1212)

Profit is mostly created by creating value (for customers, employees shareholders). Wall Street and the debt filled current "American way" is garbage now I agree. Create wealth. Work hard-in an ethical manner-and make lots of money. Government (at the barrel of a gun I might add) takes 40% of everything earned and wastes much of it.
Snuggle up to a nice read of "Atlas Shrugged". Capitalism works. What the elite in the USA have done is not only criminal-it is pure stupidity. Shmucks.

I take it as a ... ( 2 months ago by DannyKonopka)

I take it as a sarcasm ;)

what a sarcasm ( 1 month ago by zhuanghongzhe2000)

what a sarcasm

Then please don't ... ( 1 month ago by beancube2008)

Then please don't screw people with the intellectual property crabs to China and India. People honor innovations but do not honor for taking away or over people's innovations. Go sell this honor to coporations in your country. Chinese and Indian's philosophies have been trained by many years of painful lessons, they know what craps are.

He is talking about ... ( 1 month ago by beancube2008)

He is talking about moving away from money capitalism. Creativity ... He think when you are stuck and behind payments all the time, you will be creative by nature. When M$ lusts about your innovations, you better run so they would forget about you.

bill you can do ... ( 2 weeks ago by gzyyy6)

bill you can do more for folks with seed and well trucks laptops and technoligy can feed people

o ya and this was ... ( 1 week ago by ShAdOw116789)

o ya and this was on my b-day

So you're not ... ( 4 days ago by milestonedd)

So you're not American , but you live in America?

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