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Microsoft

Bill Gates Calls for a 'Kinder Capitalism' 601

Strudelkugel writes "The Wall Street Journal reports that Microsoft's Chairman Bill Gates is going to call for a revision of capitalism. He will argue that the economics that drive much of the world should use market forces to address the needs of poor countries, which he feels are currently being ignored. 'We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well,' Mr. Gates will say in a speech at the World Economic Forum in Davos, Switzerland. 'Key to Mr. Gates's plan will be for businesses to dedicate their top people to poor issues — an approach he feels is more powerful than traditional corporate donations and volunteer work. Governments should set policies and disburse funds to create financial incentives for businesses to improve the lives of the poor, he plans to say. Mr. Gates's argument for the potential profitability of serving the poor is certain to raise skepticism, and some people may point out that poverty became a priority for Mr. Gates only after he'd earned billions building up Microsoft. But Mr. Gates is emphatic that he's not calling for a fundamental change in how capitalism works.'"

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