Bill Gates: "failure of capitalism."

Chris Brady cdbrady at
Sat May 10 01:19:26 MDT 2003

I would like to profer the following interview with the world's
wealthiest capitalist--and to do so explicitely in the context of the
Cuban health statistics transmitted recently by Louis--so that you will
perhaps reach a conclusion similar to mine:

Bill Moyers talks with Bill Gates [excerpts]:

MOYERS: What does it say to you that half of all 15 year olds in South
Africa and Zimbabwe could lose their lives to AIDS? What does it say to
you that 11 million children, roughly, die every year from preventable

What does it say to you that of the 4 million babies who die within
their first month, 98 percent are from poor countries? What do those
statistics tell you about the world?

GATES: It really is a failure of capitalism.
MOYERS: But markets are supposed to deliver goods and services to

GATES: And when people have money it does.
GATES: ...governments weren't doing it. ... But when you look at the,
say, the 2 billion of the 6 billion the planet who are living on the
least income. You know they deserve a chance. And that chance can only
be given by improving the health conditions.
MOYERS: What is your answer to how it is that the resources of the world
are so misallocated?

GATES: It's a mistake.

MOYERS: But somebody has to make a mistake. Who makes it?

GATES: I think we make it every day by thinking that national borders
are you know allow huge inequities to exist across those borders.

And I do think this next century, hopefully, will be about a more global
view. Where you don't just think, yes my country is doing well. But you
think about the world at large. There is one excuse that people have for
not paying attention to this. It's not a valid excuse but.
GATES: I was in China just two weeks ago talking to the Health Minister
and talking to Jiang Zemin about raising the profile there.

And they have — for their level of income — quite a strong health
...'ve got to take risks. I mean that's one of the things a
philanthropist can do that governments aren't as well suited to do. A
politician doesn't want to allocated money if it's a one out of three
chance of doing something really good, because, you know, then two out
of three they'll have to stand up and say it was a waste.

Whereas a philanthropist can say, "Okay. But we will take that risk."
Because the payoff would be there. And, you know, we're
 I'm not gonna
get voted out of office if in fact it's a dead end.

So we should be doing the things that the normal approaches can't do...
Full interview:

Fidel the philanthropist reminds us,
for billions of our people it remains a case of
"socialismo o muerte."

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