Bill Gates–Hope, Change and Rapid Affluence Development–Creative Capitalism!

Posted on June 28, 2008. Filed under: Blogroll, Economics, Links, Music, Politics, Quotations, Raves, Resources, Science, Taxes, Technology, Video |

“We’ve really achieved the ideal of what I wanted Microsoft to become.”

-Bill Gates, June 2008

http://www.microsoft.com/presspass/exec/billg/default.aspx

June 27, 2008 is the day Bill Gates transitions from the role of Chief Software Architect and Chairman of Microsoft to Chairman.

The stated reason is to allow him more time to devote to the Bill & Melinda Gates Foundation.

If Bill Gates can achieve at his foundation, what he achieved with Microsoft, the world will be a better place.

Imagine a world where poverty, disease, hunger and illiteracy were eliminated and everyone on the planet had a standard of living exceeding that of middle America today.

Gates’ creative capitalism may provide a system that achieves these worthy goals:

“…At the same time, profits are not always possible when business tries to serve the very poor. In such cases, there needs to be another market-based incentive—and that incentive is recognition. Recognition enhances a company’s reputation and appeals to customers; above all, it attracts good people to the organization. As such, recognition triggers a market-based reward for good behavior. In markets where profits are not possible, recognition is a proxy; where profits are possible, recognition is an added incentive.

The challenge is to design a system where market incentives, including profits and recognition, drive the change.

I like to call this new system creative capitalism—an approach where governments, businesses, and nonprofits work together to stretch the reach of market forces so that more people can make a profit, or gain recognition, doing work that eases the world’s inequities. …”

http://www.gatesfoundation.org/MediaCenter/Speeches/Co-ChairSpeeches/BillgSpeeches/BGSpeechWEF-080124.htm

“Society cannot contribute anything to the breeding and growing of ingenious men. A creative genius cannot be trained. There are no schools for creativeness. A genius is precisely a man who defies all schools and rules, who deviates from the traditional roads of routine and opens up new paths through land inaccessible before. A genius is always a teacher, never a pupil; he is always self-made.”

~Ludwig von Mises

Imagine – John Lennon

http://www.youtube.com/watch?v=-b7qaSxuZUg

“No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable”

~ Adam Smith

Background Articles and Videos

Bill Gates and Warren Buffett Discuss “Creative Capitalism”

”…Warren Buffet: I would rather have Bill, if he will, give me the main points.

Bill Gates: Well it’s not completely well defined. It’s a phrase that I used in a speech at Harvard a year ago, because I totally believe in markets as such powerful forces for drawing out innovation and creating things that are sustainable. And yet, you do get trapped in this situation where the markets serve where the dollars are, so you don’t get markets meeting the needs of the poorest. And so how do you bootstrap or support the needs of the poorest so markets are reaching out to them. I mean, when I view the last hundred years as an experiment in how good markets are, the answer is very, very clear and very strong. It’s one of those things that’s so clear people won’t even discuss it with you anymore. Like in this [Edward] Teller biography: he says, Look, if he didn’t believe in innovation, he would have been a communist. If the economy is a zero-sum situation, then you ought to try some crazy sharing thing. It’s only the innovation and pie-growing activity that made Teller feel comfortable with the capitalistic approach. And I think that that’s been validated. …”

http://www.creativecapitalismblog.com/creative_capitalism/2008/06/bill-gates-and.html

Gates seeks ‘creative capitalism’

“…Much of Gates’ work at the Bill & Melinda Gates Foundation has centered on two particular shortcomings of capitalism–solving health problems that affect only the poor and improving educational systems.

In his speech, Gates calls on businesses to launch “creative capitalism” projects of their own.

“I definitely see, once I’m full time at the foundation, reaching out to various industries–going to cell phone companies, banks and more pharma companies–and talking about how…they can do these things,” Gates told The Wall Street Journal in an interview before his speech. …”

http://news.cnet.com/8301-13860_3-9857386-56.html

January 24, 2008
World Economic ForumDavos, Switzerland
Prepared remarks by Bill Gates

“…What unifies all forms of creative capitalism is that they’re market-driven efforts to bring solutions we take for granted to people who can’t get them. As we refine and improve this approach, there is every reason to believe these engines of change will become larger, stronger, and more efficient.

There is a growing understanding around the world that when change is driven by market-based incentives, you have a sustainable plan for change—because profits and recognition are renewable resources. …”

http://www.gatesfoundation.org/MediaCenter/Speeches/Co-ChairSpeeches/BillgSpeeches/BGSpeechWEF-080124.htm

Gates Transition Plan Shows He’s Ready For A Change. Is His Company?

“…Gates has long had an exit strategy–throwing his energies into the charitable work done by the Bill & Melinda Gates Foundation, which has $29 billion in assets and stands to gain more as the world’s richest man funnels his wealth to chosen causes. Few will quibble with Gates’ decision to concentrate on the planet’s biggest health hazards and its most disadvantaged people; no time is too soon in the battle against diseases such as AIDS and malaria. Gates pointed last week to a “common thread” between the world of computer technology that ignited his passion as a young man and the research into health and education in developing countries. “It’s about using technology not just for the privileged few, but for everyone,” he said. …”

http://www.informationweek.com/news/windows/microsoft_news/showArticle.jhtml?articleID=189500130

Gates’ transition only half done

“…The transition is not over. It’s not even halfway done.

That’s not because Gates remains as chairman, which he does, or continues to be Microsoft’s largest individual investor, which he is, although those are important factors. Nor is it because Gates will continue to maintain an office at Microsoft and, as P-I reporter Todd Bishop reports this week, will continue working on specific Microsoft projects.

Instead what’s at work here is an issue larger than Microsoft itself, one that every company faces as it makes the transition from one top executive to another.

The planning leading up to a change of executive leadership is crucial. What happens after the hand-over takes place may be even more important. …”

http://seattlepi.nwsource.com/virgin/368083_virgin24.html

Davos Annual Meeting 2007 – GAVI Alliance Results

http://www.youtube.com/watch?v=b0U8L4NMCIM

Bill Gates Speech at Harvard (part 1)

http://www.youtube.com/watch?v=AP5VIhbJwFs&feature=related

Bill Gates Speech at Harvard (part 2)

http://www.youtube.com/watch?v=X_YQmRD_q9Y&feature=related

Bill Gates Speech at Harvard (part 3)

http://www.youtube.com/watch?v=vwdMXquKTzM&feature=related

Bill Gates Speech at Harvard (part 4)

http://www.youtube.com/watch?v=YzlMxltEAwk&feature=related

Bill Gates Speech at Harvard (part 5)

http://www.youtube.com/watch?v=1ZKW5Gs6z7o&feature=related

Remarks of Bill Gates

Harvard Commencement

(Text as prepared for delivery)

“…We can make market forces work better for the poor if we can develop a more creative capitalism – if we can stretch the reach of market forces so that more people can make a profit, or at least make a living, serving people who are suffering from the worst inequities. We also can press governments around the world to spend taxpayer money in ways that better reflect the values of the people who pay the taxes.

If we can find approaches that meet the needs of the poor in ways that generate profits for business and votes for politicians, we will have found a sustainable way to reduce inequity in the world. This task is open-ended. It can never be finished. But a conscious effort to answer this challenge will change the world.

I am optimistic that we can do this, but I talk to skeptics who claim there is no hope. They say: “Inequity has been with us since the beginning, and will be with us till the end – because people just … don’t … care.” I completely disagree.

I believe we have more caring than we know what to do with. …”

http://www.news.harvard.edu/gazette/2007/06.14/99-gates.html

William H. Gates Sr.: Wealth and Civic Obligations

http://www.youtube.com/watch?v=1-9Nhk6rz3c&feature=related

Gates Foundation follows new paths

Giving away $3 billion a year is not as easy as it seems

By TOM PAULSON

“…This is another key role Bill Gates says he will play at the foundation, reaching out at the highest levels of government and industry to encourage partnerships on projects aimed at reducing the global gap between the richest and poorest. He said he plans to really push corporations, especially the drug industry, to get more involved.

“There are also things around creative capitalism,” said Gates, referring to the phrase he used at the 2008 World Economic Forum to describe his notion of redirecting the profit motive toward helping the planet’s poorest. It is an idea he truly believes in, but one that many critics dismiss as, at best, wishful thinking and, at worst, a billionaire’s attempt to gild over a largely exploitive system with a shiny layer of moral repurposing. …”

“…The Seattle philanthropy is focused on three areas:

Global health

Global development

U.S. programs education, libraries and Pacific Northwest needs …”

http://seattlepi.nwsource.com/business/368325_gatesevol25.html

Bill Gates: A Retrospective

http://seattlepi.nwsource.com/photos/popupV2.asp?SubID=3860&page=1>itle=Bill%20Gates%3A%20A%20Retrospective

Steve Jobs and Bill Gates Together: Part 1 of 7

http://www.youtube.com/watch?v=_5Z7eal4uXI&feature=related

Steve Jobs and Bill Gates Together: Part 2 of 7

http://www.youtube.com/watch?v=Scf6dV4FSf8&feature=related

Steve Jobs and Bill Gates Together: Part 3-1 of 7

http://www.youtube.com/watch?v=cCvLTlQWT6A&feature=related

Steve Jobs and Bill Gates Together: Part 3-2 of 7

http://www.youtube.com/watch?v=wuhHIqJyjY0&feature=related

Steve Jobs and Bill Gates Together: Part 4 of 7

http://www.youtube.com/watch?v=PXKv9jc-otc&feature=related

Steve Jobs and Bill Gates Together: Part 5-1 of 7

http://www.youtube.com/watch?v=D_rxpAgBFQo&feature=related

Steve Jobs and Bill Gates Together: Part 5-2 of 7

http://www.youtube.com/watch?v=X2aLYBC5onk&feature=related

Steve Jobs and Bill Gates Together: Part 6 of 7

http://www.youtube.com/watch?v=hM8K1yexO6s&feature=related

Steve Jobs and Bill Gates Together: Part 7-1 of 7

http://www.youtube.com/watch?v=QGH-1L-0zo4&feature=related

Steve Jobs and Bill Gates Together: Part 7-2 of 7

http://www.youtube.com/watch?v=oQwhbazr5ug&feature=related

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35 Responses to “Bill Gates–Hope, Change and Rapid Affluence Development–Creative Capitalism!”

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Interesting post. Wanted to share this with you all. When I was 16 a wealthy man I worked for educated me on a universal law, the law of attraction. He taught me that there is a perpetual cycle of giving and receiving that runs our universe, in order for you to receive you have to give and give gifts. The more you give the more you receive. Cash is the best gift and everyone has the right to give. That day changed my life, the day I realized I had the right to give.

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Take care,
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http://www.MillionairesGiftClub.com

alexoriginalcashgift
June 30, 2008