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.
That is what I really meant to say, but I didn't do a good job at all in conveying it, thanks for picking up the slack, and giving me the chance explain.
They probably would, actually, as Gates would be given a position as one of the ruling elite. 260,000,000* others wouldn't be so favored.
*I didn't actually bother to look up the population of the lower 99.9999% of wealth holders in the U.S.; just a guess.
Ok, ok, he is annoying to some, however many annoyances wouldn't exist without his "annoying" efforts in business thus, my friend, his achievements by far out way his perceived personal faults.
Your welcome! : )
...and yet, he inspires in me some long dormant high school impulse to stuff him into a locker.
Yea, he has since he left high school I'm sure, after all, without a mindset to destroy he would have maintained focus on creating the GREATEST and most useful computer operating system in the world and would have accomplished this feat with his mindset.
Sadly enough we all just don't know what conveniences we could appreciate because of his demented mindset to destroy. /s
Rid yourself of your jealous mind my friend and live life to it's fullest!
When you run a profitable company with 30 Billion dollars in the bank, you don't need to be too concerned about what other countries do.
Gates just likes to win. He spent a large part of his abbreviated college career playing poker and pinball.
..what do you think the odds are that either Ellison or Branson have given Gates a wedgie?
Only a "liberal", my friend, would take that to be a personal fault.
I didn't say it was a fault. But it is a very large part of his personality. And it was responsible for him parlaying a couple of lucky breaks into an empire.
http://www.freerepublic.com/focus/f-news/1331228/posts?page=73#73
That comment of yours with quotes from Bill on the dollar is very important. Most economists are probably aware of it, and everyone in business should become aware of it very quickly. Warren Buffet and others have declared the same about the dollar. Some macro-economists say that after the next three months, give or take, our dollar will fall to somewhere around 50%. It can be good news if our business leaders will work with their domesic labor pool and unused domestic ingenuity but very bad news if they continue to head off domestic competition (which domestic competition our fathers and grandfathers correctly said is "healthy").
And a repetition of other important information for all who are thinking of migrating to Linux systems:
Open Source Licensing: What Every OEM Should Know
A Wasabi Systems white paper
Jay Michaelson
Vice President & General Counsel,
Wasabi Systems Inc.
http://www.wasabisystems.com/pdfs/GPL.WhatOEMsShouldKnow.pdf (Adobe Acrobat file)
Avoid the trap. Linux is a good personal system, but do use network systems that allow linking with your own specialty software (BSDs and others).
16 hours a day, seven days a week, no vacation ,no sick leave, no retirement.
$8 a week before taxes.
Any complaints you get to go to the fertilizer factory.
Not to work. To be fertilizer.
Your "oxymoron" statement has, in it's self, proved you to be a dissident of our productive system.
Is Gates actually praising that cornerstone of socialism, Central Planning?
Guess I don't have to feel guilty about buying a MAC from leftie Steve Jobs now, even he isn't quite that far to the left.
No, but Jobs stole the idea for the graphic interface from xerox parc...oh, wait, but then Gates stole it from Jobs...
Never give individual credit when it is due, give credit to the whole and we ALL will feel a sense of "his" accomplishments.
Right?
Gosh, lucky him!
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