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.
Ah yes Bill. You extol exactly what the CCP leaders love, the weakness of capitalism (as they perceive them). Whores will do anything for money and capitalists will do anything for markets.
He is right about the Chinese leaders being smart, they are playing the EU,US and WTO like a violin.
Comrade Gates failed to add that they "enforce" their "capitalism" with the gun and the noose. Gates is just another in the long line of capitalists that turn communist "after" they accrue their wealth.
He's not turning commie. Rich guys have always been fascinated with China because of the population and potential customers. Most of them lose their shirts in the end.
How we accommodate and live with each other is the question. If we don't deal with each other, including recognition of the commercial ebbs and flows of demand and what cause these demands we will not compete on a worldwide bases. We have to be aware of what the other fellow is doing and be open to how to deal with and accommodate the rapidly approaching world wide economic and social changes - in large part being brought on by the expanding world population.
Someone has to be looking 30 years ahead and further - it is obvious, if man survives, my grand children and their children will be living in a very different world.
Sweatshops are hardly a new invention.
Just proves that your degree of wealth is not correlated to your degree of wisdom.
The clue is his statement about medical costs etc.
Not just the rats. RINOs like Bob "Ahole" Dole, were also suing Microsoft. Billy G's problem was he that was not, as the Mafiosi say, "kicking up" to his masters in DC in the form of campaign contributions. Big corps. are expected to feed the Republicrat/Demopublican Party machine
I suspect that his comments weren't actually directed at the West (meaning us), but at Beijing (meaning the three guys who will let him peddle software in China).
I wonder if China will start to crack down on M$ piracy.
American history is replete with men that have "accumulated" vast wealth one way or another, and then their interest turns to attaining power over the masses. It is like an elixir to such people, they are assured that they indeed know what is best for mankind, even if the gun and noose has to be used for mans own good.
Bump
"New form," Bill?? Nah, simply the same used in the pre-civil war south....slave-based capitalism.
DAVOS, Switzerland (AP) -- Microsoft Chairman Bill Gates says he believes the slide of dollar will continue.
"The dollar is going to go down, there's no question," the founder of the world's largest software maker said at a media event at the World Economic Forum late Friday.
The dollar's decline has been a particular worry for European leaders who see that hurting the competitiveness of European economies and hampering their growth perspectives. A cheap dollar keeps American tourists away from Europe and makes European imports into the United States expensive.
The euro hit a record high of more than US$1.36 at the end of December, though it has since fallen back. It traded at US$1.30 Friday, still up almost 9 percent in the past six months.
European leaders, including German Economics Minister Wolfgang Clement, have taken the United States to task over its ballooning current account and budget deficits, which they blame for the dollar's decline.
Policy makers for the Group of Seven leading industrial nations meet in London next week when they're expected to discuss the dollar's weakness.
Somebody in Davos over there hedged the wrong way, got an agenda, or just prescient? Or dreaming about making money in Yuan and not dollars? If he's talking euro, he's gonna be disappointed.
Only crack pots and semi-cracked pots come to mind in regards to rich guys wanting to rule the world...can't think of any others. In any event, Gates probably just wants to sell software in China. This is not as benign as it sounds, but neither is it as sinister as could be imagined.
This was the same course followed by Robert Owen when he created socialism. Along comes a poor man, Marx, swipes Owens idea and we have communism. The difference being that Marx and his followers were perfectly willing to use the gun and the noose to force the masses to accept what was best for them. The last time I looked, China considered themselves to be Marxists.
Plain old fashioned Gramscian Socialism, i.e. Nazis.
Gates was never poor. He always went to the best schools and used his family contacts to the best of his advantage. The fact that he "looked poor" in his younger days shouldn't fool you.
"Gates should read Gertz's new book on how China armed Iraq"good point Peach,but do you think he cares?
But the good news is, Bill Gates is getting even richer thanks to Chinese slave labor.
Bill Gates = slave master
I'm sure you're right; Gates wouldn't care.
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