1.24.2008

KINDER CAPITALISM

Could it be that the richest man in the world and the archetype of cutthroat capitalism now sees that capitalism can be a huge force for social good? None other than Bill Gates, now with his philanthropy hat more securely on, is calling for a kinder capitalism: "Bill Gates Issues Call For Kinder Capitalism."

I particularly appreciated his appreciation of the breadth of capitalism godfather Adam Smith's writings - that there is an "invisible hand" that translates individual self-interest into communal gain, but that man is also motivated by a desire to serve his fellow man. And with Gates' resources, connections, and brainpower now more fully engaged, our pursuit of social good using free market principles just got a lot more hopeful.
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