Posted on 01/29/2005 1:07:29 AM PST by HAL9000
China has created brand-new form of capitalism: Bill Gates
DAVOS, Switzerland, (AFP) - US software giant Bill Gates has high praise for China, which he says has created a brand-new form of capitalism that benefits consumers more than anything has in the past.
"It is a brand-new form of capitalism, and as a consumer its the best thing that ever happened," Gates told an informal meeting late Friday at the World Economic Forum in this ski resort.
He characterised the Chinese model in terms of "willingness to work hard and not having quite the same medical overhead or legal overhead".
Manufacturers have created "scale economies that are just phenomenal", in part owing to companies there and elsewhere on the planet designing good products, Gates said.
Looking ahead, he added: "You know they haven't run out of labor yet, the portion that can come out of the agriculture sector" was still considerable.
"It's not like Korea, Korea got to a point where, boom, the wages went up a lot," he said, adding "that's good, you know, they got rich and now they have to add value at a different level.
"They're closer to the United States in that sense than they are to where China is right now."
Gates continued by heaping praise on the current generation of Chinese leaders.
"They're smart," he said with emphasis.
"They have this mericratic way of picking people for these government posts where you rotate into the university and really think about state allocation of resources and the welfare of the country and then you rotate back into some bureaucratic position."
That rotation continued, Gates explained, and leaders were constantly subjected to various kinds of ratings.
"This generation of leaders is so smart, so capable, from the top down, particularly from the top down," he concluded.
The new capitalism. Capitalism without civil rights or liberties. Slavery, in other words.
Forget Eisenhower's warning about the military-industrial complex. The university-bureaucrat complex has been screwing with this country for 30+ years.
My guess is Billy boy is simply kissing a$$ to drum up some business.
Just think in 30 years the ratio of men-women will be 20-1. So all the male energy can be put to use by working and the government doesn't have much health care costs. It's a great system! [/Sarc]
Bill Gates should read Bill Gertz's new book about how China armed Iraq. Illegally.
"willingness to work hard and not having quite the same medical overhead or legal overhead"
Yeah Bill, it's called slavery.
Geez.
Crony Capitalism and slave labor. Welcome to the world of corporatism. Gates is but one example of many.
If I remember correctly, they loved Hitler too.
No doubt that was in part his intent.
I have re-read this, and I wonder if either AFP is shading this story, or if Mr. Gates might not have been a bit tipsy, because his quotes are really over the top. If President Bush were to make the same remarks, I believe the New York Times would probably fulminate until at least 2008 about them.
Was it not China that opted for Linux systems for their government?
It was thought that by helping China develop capitalism, that freedom would follow.
So far we simply have a communist government that has harnessed capitalism, is stealing our manufacturing capability and markets, and building weapons to use against us.
I think Nixon made a mistake and I think it would have been better to let Chinese sink under their own weight like the Soviets did.
willingness to work hard and not having quite the same medical overhead or legal overhead
...snip...
You know they haven't run out of labor yet, the portion that can come out of the agriculture sector" was still considerable.
...snip...
Billy boy's verbal skill is not quite there yet. His words were rather blatant and explicit. He should have finessed his words better, making them really slick. He needs to take a crash lesson from Slick Willie. I guess he is still more of a techno-geek.
He knows what it takes to maintain a business in a free society and has done so in a legal manner.
Gosh, how did he make it to where he is without being a "sheeple"?
He must be the 9th wonder of the world.
Lest YOU forget, without the work and support of the likes of Bill Gates, our system would not exist.
Of course some others have taken a liking to the idea of the producers becoming the wards of Government to make for a better world.
Do YOU promote such an ideal?
Of Course...Bill wants to open "Chinese Windows"....
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