Saturday, June 09, 2007

Gates Champions 'Creative Capitalism' to End Inequity

Gates Champions 'Creative Capitalism' to End Inequity:
"'If we can find approaches that meet the needs of the poor in ways that generate profits for business and votes for politicians, we will have found a sustainable way to reduce inequity in the world. This task is open-ended. It can never be finished. But a conscious effort to answer this challenge will change the world.' "

Gates, in a prepared address at Harvard's 356th Commencement, focused on the inequities of the world and challenged students to find new ways that would encourage business leaders and governments to apply the wealth of discoveries and technology at our disposal to the people and places it fails to reach.

"We can make market forces work better for the poor if we can develop a more creative capitalism—if we can stretch the reach of market forces so that more people can make a profit, or at least make a living, serving people who are suffering from the worst inequities," he said.

Gates also said we can press governments around the world to spend taxpayer money in ways that better reflect the values of the people who pay the taxes.

"If we can find approaches that meet the needs of the poor in ways that generate profits for business and votes for politicians, we will have found a sustainable way to reduce inequity in the world. This task is open-ended. It can never be finished. But a conscious effort to answer this challenge will change the world."

Gates also declared that the spread of the global information network to emerging markets and underserved regions of the world is an imperative to sustain humanity's demand for innovation and discovery.

"The magical thing about this network is…it also dramatically increases the number of brilliant minds we can have working together on the same problem…" he said. "But, for every person in the world who has access to this technology, five people don't. That means many creative minds are left out of this discussion—smart people with practical intelligence and relevant experience who don't have the technology to hone their talents or contribute their ideas to the world."

http://www.eweek.com/article2/0,1895,2143272,00.asp?kc=EWKNLNAV06082007STR2

con·cept: Gates Champions 'Creative Capitalism' to End Inequity