Culture, Technology

Bill Gates on Creative Capitalism a Compilation

“I’m an optimist, but I’m an impatient optimist,” Bill Gates said during his speech. “The world is not getting better fast enough, and it’s not getting better for everyone.”

“There are billions of people who need the great inventions of the computer age, and many more basic needs as well, but they have no way of expressing their needs in ways that matter to the market, so they go without,” said Gates. “If we are going to have a chance of changing their lives, we need another level of innovation. Not just technology innovation, we need system innovation, and that’s what I want to discuss with you here in Davos today.”

“The challenge here is to design a system where market incentives, including profits and recognition, drive those principles to do more for the poor,” said Gates. “I like to call this idea creative capitalism, an approach where governments, businesses, and nonprofits work together to stretch the reach of market forces so that more people can make a profit, or gain recognition, doing work that eases the world’s inequities.”

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Bill Gates at Harvard

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