US
Bill Gates on Capitalism‘s ’Systemic Problems’
- Posted on November 11, 2010 at 9:21am by
Jonathon M. Seidl
- Print »
- Email »
(via CNS News)
Popular Stories
MSNBC Host Snaps in Heated Segment: ‘What in the World Is Riskier Than Being a Poor Person in America?’ 694 Comments
Does Misstated Marathon Claim Prove Paul Ryan Is Dishonest? (POLL) 662 Comments
‘Jumah at the DNC’ Speaker: ‘Muslims Visited America Prior to Columbus’ & ‘It Was a Muslim’ Who Guided Him to the ‘New World’ 524 Comments
Obama: RNC Like Watching ‘Black-and-White TV’ Because Romney ‘Did Not Offer a Single New Idea’ 364 Comments
Paper Details Obama Admin’s Alleged Secret Note Sent to Iran: If Israel Attacks, We Won’t Get Involved 346 Comments
Faith
This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 232 Comments- Pakistani Muslim Cleric Accused of Framing Disabled Christian Girl in Koran-Burning Case Read More
- ‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 241 Comments
Meet the Controversial German Imam Accused of Brutally Beating His Wife & Pushing Sharia Law Read More
‘Self-Proclaimed Messiah’ & Unification Church Leader the Rev. Sun Myung Moon Has Died — Here’s His Life Story Read More
Business
President Obama Issues Major ‘Green Energy’ Executive Order Read More- Germany’s Upcoming Court Ruling Will be Huge for the EU Read More
Ford Looks to Beat Toyota for Best-Selling Car in 2012 With This Model 147 Comments
Bernanke & QE3: Here’s What You Need to Know Read More- ‘Extortion’: Why Did the Labor Department ‘Drop the Hammer’ on Oregon Farmers? 300 Comments
Technology
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 232 Comments
‘TaserDrone’: Hackers Weaponize Quadcopter With Actual ‘Shocking’ Technology Read More
Ever Heard of the Wild ‘Burning Man’ Festival in the Middle of the Nev. Desert? Here’s Your Primer Read More
Stanford Develops Technology ‘Better Than Steroids’ for Athlete Recovery Read More
Have You Pretended to Know What ‘the Cloud’ Is? You’re Not Alone Read More
Submitting your tip... please wait!
Comments (104)
heavyduty
Posted on November 11, 2010 at 10:43amGates should stick to computers and programs because that is what he is good at. They only time he should speak is when he is promoting his new OS system or what ever he is doing now. But to sit there and talk about how the government should do things. Then he needs to run for congress, or senate. Then he can put his money where his mouth is. Talk is cheap, and means nothing unless you are willing to back it up.
Report Post »EqualJustice
Posted on November 11, 2010 at 10:38amFunny how those who PROFIT MOST from the system then find flaws and become SOCIALISTS?
Report Post »bobvin
Posted on November 11, 2010 at 10:37amGates is, in many ways, fulfilling the responsibility of having amassed great wealth. But he is wrong to assign the balance of the responsibility to the government. Read, for example, “How to be rich” by J. Paul Getty… Getty understood the role of the wealthy in society involves great philanthropy. So if Bill Gates feels there are underserved areas in society he is welcome to spend HIS money, not mine, serving those areas.
Report Post »mistercondo
Posted on November 11, 2010 at 10:37amWell, so much for Gates standing up against The Mentally Ill George Soros.
Report Post »George Soros is Menatally ill. Nutjob, but a dangerous nutjob.
Comeandtakeit
Posted on November 11, 2010 at 10:27amIt is funny how people who have used capitalism (i.e Gates and Buffett) to make their Billions all of a sudden want to limit Capitalism for others.
Report Post »Red Bubba
Posted on November 11, 2010 at 10:24amGovernment knows best how to address these problems, unless said governments cuts money they budget for these problems. – Got it Bill. Keep that genius brain active.
Report Post »booger71
Posted on November 11, 2010 at 10:22amBill, Capitalism is not the problem, Corporatism is. You used it to your advantage by having your cronies in government to squash your competition.
Report Post »mike_trivisonno
Posted on November 11, 2010 at 10:19amBill Gates has always been a commie.
Report Post »ChiefGeorge
Posted on November 11, 2010 at 10:04amIts not funny or hard to understand his mindset when you take into account that he is a self loathing man who looks around at what he has accomplished and others like him and says…something is not fair here! We have a heirarchy of education in this country and if you put yourself on that path you may find one day that through being better educated along with good personal values and a good strong work ethic that you just might succeed well over the average and below average in this country or any other country that has a similiar model. When you get to that place of success…please don’t feel ashamed or guilty for what you have accomplished nor try to make others feel guilty of their same status. You worked for that and earned your way in the world…expect others to do the same! You should be preaching the same standard and or advise others to do the same as it worked for you, but no, you buy into and export the system is not fair, I have an unfair advantage over others in the world therefore something is flawed, the system is flawed. The only thing here that is flawed is on how your thinking got you to this place Mr. Gates. We will never all be equal in our abilities and intelligence. I readily accept that fact and still manage to live comfortably in my own right. Stop telling me I need to feel guilty for this. You are part of the problem and not the solution. Because in essence what you are saying to those who are working to attain what you managed to do, just to stop trying because the system is corrupt and if you work any furhter within the current system then you are corrupt too! Uhh? Also the real root of the problem is the same way we make our laws. We make these policies and laws based on the premise that there are no moral laws to guide us and therefore people do not know what to do or how they should behave. We did at one time and I remember it fondly, but people also like MR. Gates robbed us of our moral compasses and therefore we all must be hearded like sheeps and pigs before them at their rule. We up America, you are losing your freedoms everyday! Think for yourself, get your house, values and morals in place and stop relying on government to fix your problems you should be fixing yourself.
Report Post »publiuswarmac9999
Posted on November 11, 2010 at 10:03amCapitalism is individual freedom. That is why the socialists hate it.
Report Post »ChiefGeorge
Posted on November 11, 2010 at 10:03amIts not funny or hard to understand his mindset when you take into account that he is a self loathing man who looks around at what he has accomplished and others like him and says…something is not fair here! We have a heirarchy of education in this country and if you put yourself on that path you may find one day that through being better educated along with good personal values and a good strong work ethic that you just might succeed well over the average and below average in this country or any other country that has a similiar model. When you get to that place of success…please don’t feel ashamed or guilty for what you have accomplished nor try to make others feel guilty of their same status. You worked for that and earned your way in the world…expect others to do the same! You should be preaching the same standard and or advise others to do the same as it worked for you, but no, you buy into and export the system is not fair, I have an unfair advantage over others in the world therefore something is flawed, the system is flawed. The only thing here that is flawed is on how your thinking got you to this place Mr. Gates. We will never all be equal in our abilities and intelligence. I readily accept that fact and still manage to live comfortably in my own right. Stop telling me I need to feel guilty for this. You are part of the problem and not the solution. Because in essence what you are saying to those who are working to attain what you managed to do, just to stop trying because the system is corrupt and if you work any further within the current system then you are corrupt too! Uhh? Also the real root of the problem is the same way we make our laws. We make these policies and laws based on the premise that there are no moral laws to guide us and therefore people do not know what to do or how they should behave. We did at one time and I remember it fondly, but people also like MR. Gates robbed us of our moral compasses and therefore we all must be hearded like sheeps and pigs before them at their rule. Wake up America, you are losing your freedoms everyday! Think for yourself, get your house, your values and morals in place and stop relying on government to fix your problems you should be fixing yourself.
Report Post »sbenard
Posted on November 11, 2010 at 10:02amGet Open Office! Open Office! Open Office! Get it at openoffice.org
It is free software and can read/write to MS Office formats! It’s all I use now! And its GREAT software, at least as good as MS Office.
And did I mention that its FREE? Take the money from this anti-freedom tyrant! End the tyranny now!
Report Post »Narya
Posted on November 11, 2010 at 10:04pmSecond that….open office is great. The guy at selling me a computer at Wal-Mart told me about it. Will have to go back and shake his hand. And as for poor Bill Gates, and all the small computer companies and people that he stepped on to get where he is….I wonder why money makes his opinion matter.
Report Post »Ruler4You
Posted on November 11, 2010 at 10:02amI’m going to “listen” to this from a billionaire? who has used the system to make his money? It would seem that making billions turns one into George Soros.
Why is it ALWAYS the privileged wealthy elitist slobs that want to put everyone else into a box? Haven’t we done enough for you? Why must I now become a Marxist slave?
Report Post »starman70
Posted on November 11, 2010 at 10:17amBUY APPLE! Use Linux!
Report Post »tower7femacamp
Posted on November 11, 2010 at 10:20amyou have always been a slave, but now you see it
Report Post »Michigan Vacation
Posted on November 11, 2010 at 9:59amIt is not about “haves” and “have not’s”
Report Post »-
It IS about “will’ and “will not’s” – If you will not learn and work – you will not have.
Country
Posted on November 11, 2010 at 9:51amGates have been eating the social justice soup. Too bad he don’t understand how he made millions of dollars and employee thousands and thousands of people. Not the government but free market.
Report Post »Country
Posted on November 11, 2010 at 9:54amI mean billions of dollars.
Report Post »powhatan
Posted on November 11, 2010 at 9:49amHe may or may not have points, but I think too much money and success must adle the brain or something…..I made mine, but its flawed? Huh?
Report Post »dlee
Posted on November 11, 2010 at 9:42amAgreed. Phrasing is very important. Gates blames the private sector for not doing enough to address the world’s woes; that is not the responsibility of the capitalist system; it is the responsibility of those benefiting from the capitalist system to help those in need. Do not blame the system, Bill. It works. Focus instead on the individuals like yourself who succeed in the marketplace. While we’re at it, I encourage everyone to pray and seek God’s counsel regarding the lifestyle He wants you to have. Give the rest away. Many need a helping hand.
Report Post »starman70
Posted on November 11, 2010 at 10:24amHe’s right! The private sector i.e. Mr. Gates hasn’t done enough. Let him buy the Post Office from the government and run it. While he is at it, also buy Amtrak. That would put these programs under the PRIVATE SECTOR and would relieve the government of money losing programs.
Come on Bill, YOU CAN DO IT! You can really help!
Report Post »SecretPolice
Posted on November 11, 2010 at 9:41amBilly, Billy, Billy, must be easy for you to say that now – hey I know what you can do, send billions of those dollars you made off capitalism to DC, you know they know a smarter way to spend your money…. Right ?
Report Post »flagbearer
Posted on November 11, 2010 at 11:45amAbsolutely! Afterall, if he were a true American and had countrymen at heart, he’d want to help get rid of the national debt–you know, the trillions of dollars being spent for redistribution of the wealth. Why not start there, Mr. Gates? So many of us are saying/thinking the same thing: didn’t capitalism provide him with the opportunity to amass a fortune, along with Soros and all the other communists/socialists who today find fault with the system? Why take the system away from the rest of us?
Report Post »bakerpasd24
Posted on November 11, 2010 at 9:40amHe also says that the Gates foundation fills this role of giving to less fortunate……AS IT SHOULD BE….CHARITY, Mr. Gates…..that is what it is about. Not government taking from the fortunate and giving it the less fortunate. And this guy co-founded Microsoft……It is amazing what smoking some weed and tinkering around with some electronics in your garage gets you.
He and Soros sould go and buy their own island somewhere and start their own little utopia. GET OUT OF MY COUNTRY.
Report Post »Johnnyp1958
Posted on November 11, 2010 at 9:36amWhich Part of the constitution say’s Govt. needs to pay for research of anything. Thanks anyway for your insightful thoughts Mr. Socialist. Research should only be funded by people like you a.k.a Private Industry
Report Post »untameable-kate
Posted on November 11, 2010 at 10:38amI have no problem with the govt helping support research if it is reasonable. Vaccines and cures for medical stuff, things like that; but when Uncle Sam gives my tax dollars to fund research on things like ‘how much wood can a woodchuck chuck,‘ or how many doritos does a monkey eat when he’s stoned then I’m out.
Report Post »starman70
Posted on November 11, 2010 at 9:35amIsn‘t it amazing how a man who used our capitalist system to become one of the world’s richest men seems to side with the likes of Soros.
Had we had a Socialist form of government, Mr. Gates whold have been forced to turn over his inventions and products to the government and he would be a pauper today. The government would have reaped the benefits, that is if the government didn’t lose money on the endeavor as they have on everything else. Can you imagine GOVERNMENT MICROSOFT with a 30 billion dollar deficit?
Report Post »theVirginian
Posted on November 11, 2010 at 9:34amhmmm, I hate when Bill Gates makes sense, but he is right when he says that humanitarianism doesn’t have a value on the bottom line. Good thing he is leading by example when it comes to amassing a fortune and then donating it to charity. Capitalism works just fine when ethics are understood by the players, but, unfortunately, ethics have been devalued by the current education system.
Report Post »walkwithme1966
Posted on November 11, 2010 at 11:55amSpot on post – thanks – you are a voice of sanity!!1
Report Post »Cotswolds
Posted on November 11, 2010 at 4:12pmListen to The Virginian, children. He is speaking the sense that some of you desperately need to hear.
Report Post »Midwestgirl1116
Posted on November 11, 2010 at 9:33amIt is funny to me that someone that has billions of dollars says stuff like this.
Report Post »snowleopard3200 {mix art}
Posted on November 11, 2010 at 10:28amNo, he feels his wealth makes him above the law and wiser than any of us lowly peons he seeks to control.
http://www.artinphoenix.com/gallery/grimm
Report Post »tobywil2
Posted on November 11, 2010 at 9:29amWhen the Bureaucrat replaces the “free market” with a regulation, we all lose. Every regulation gives a political crony a windfall at the expense of the general population. Printing money is not the only cause of inflation!
If you believe that the tyrants act in the best interest of the individual, consider the following quote:
“If the government is to tell big business men how to run their business, then don’t you see that big business men have to get closer to the government even than they are now? Don’t you see that they must capture the government, in order not to be restrained too much by it? Must capture the government? They have already captured it.”
The quote is from an early wannabe tyrant, Woodrow Wilson in 1913. Since then each encroachment on our individual liberty has caused problems that have been used to justify more tyranny.
THE DEVASTATING AFFECT OF THE BUREAUCRACY:
Rules and regulations created and enforced by the “Fourth Branch of Government” (the bureaucracy) that restrict innovation, inhibit the creation of wealth and provide advantages to the “technologically challenged” are the root cause of our problems. Inflation, credit and failure of financial institutions are just the symptoms, an attempt to cover up the failure of “disastrous centralized planning.”
Money manipulation is simply a method of misappropriation of wealth. Wealth must be created before it can be misappropriated and the Bureaucracy inhibits the creation of wealth.
Our problems started when the bureaucracy obtained significant power during Roosevelt’s (T) Administration. About 10 years later the Fed Was created and it’s been downhill every since.
Chapter 8 (The Bureaucracy – ICC) of “21st Century Common Sense” addresses this point in detail, including a description of the “Iron Triangle” (control of the bureaucracy by special interest) and an enlighten quote by Woodrow Wilson highlighting the capture of the Bureaucracy by “special interest.”
The bibliography on my website allows you to visit the websites used for the book’s research just by “control-clicking” on the website address.
http://commonsense21c.com/
Report Post »TruthTalker
Posted on November 11, 2010 at 9:26amIt made me a billionare, but it is a flawed model??
Report Post »mizflame98
Posted on November 11, 2010 at 9:33amSystemic problems in capitalism…except when it applies to me and my success.
Report Post »I noticed that if there are such systemic problems, he did nothing on his own to change that. He dominated his competitors.
theVirginian
Posted on November 11, 2010 at 9:36amActually, he speaks well of capitalism, but just because it is the best model doesn‘t mean it’s perfect.
Report Post »HKS
Posted on November 11, 2010 at 9:40amTypical rich guy stuff, climb to the top floor and close the door. I think it’s a disease that mega money brings to the table
Report Post »Journalist Stunt Double
Posted on November 11, 2010 at 9:46amGlenn are you reading your own reporters explaining the dark side of Bill Gates? Will you still continue to use him as the model capitalist in your examples and animated videos?
Bill & Melinda Gates Foundation is the leading contributor to Planned Parenthood.
Bill Gates’ father was the head of Planned Parenthood for several years.
Bill Gates openly admits vaccines (The Bill & Melinda Gates Foundations #1 cause) are great for helping to control global population.
Bill Gates donates to geoengineering projects, such as cloud whitening, weather control, and algae biofuel projects which may endanger the planet more than they help.
He is an elitist on par with Soros and Warren Buffet as dangers to American free market capitalism. Heck…he even stole the technology he made billions off with Microsoft.
Report Post »tower7femacamp
Posted on November 11, 2010 at 9:56amNow we have too many Slaves
Report Post »http://www.youtube.com/watch?v=DlmmHHNpdwA&feature=related
so the Eugenics Master in bed with Soros wants population cut 70 to
80 percent.
OneIfByLand
Posted on November 11, 2010 at 9:57amBill Gates is listed on the Bildergerg membership list.
Report Post »Nuf said
GhostOfJefferson
Posted on November 11, 2010 at 10:04amHey Bill. The free market is an economic system, not a moral life-philosophy framework. It gives you the means to earn what you can, in order to pursue your own values and morals. It does not, and has never been posited, as a social safety system. To criticize it because it doesn’t provide you with a moral outcome towards the disadvantaged is a non-sequitur. What next, criticizing coffee because it doesn’t allow you to breathe underwater?
We know you’re confused about these kinds of things, and hope that a remedial course in economics 101 sets you on the correct path.
snowleopard3200 {mix art}
Posted on November 11, 2010 at 10:05amBill Gates, you made your fortune in a land that granted you the ability and freedom to dream and then build upon it into a success. So stop knocking it and wanting to destroy it.
Report Post »SusansSS
Posted on November 11, 2010 at 10:34amJournalist Stunt Double
You need to complete your research. Go to youtube and look for the video of Bill Gates saying its wrong to use money to keep seniors alive while laying a school teacher off.
Now, look up the video of him saying we need a vaccine that will kill about 10% of the population. One that will kill all that are missing a certain gene.
Now note, he said both ideas won’t quite kill enough people.
These progressive=socialist go against God. God said, go forth and multiply. No where in the bible does it say, “until you have x number of people on the earth.” When man thinks he knows better than God we should not be surprised when the walls come tumbling down.
Report Post »AnotherWay
Posted on November 11, 2010 at 10:41amInterestingly, Gates, Buffett and Soros all became successful through monopolist practices and philosophies. None of them are grounded in Adam Smith’s “sympathy” and “empathy.” After years of monopolistic and often predatory practices, guilt has driven them to cover over their true character with philanthropic practices. Its a cover for personality types that are essentially predatory and not grounded in faith, hope and charity (love). The predatory core remains notwithstanding all the giving.
Report Post »SusansSS
Posted on November 11, 2010 at 10:41amJournalist Stunt Double
I’m sorry, my mistake, I was replying to someone else and copied the wrong name. In fact I replied to the the wrong post all together. (red faced hanging head in shame)
Report Post »dixiedog
Posted on November 11, 2010 at 11:31amI concur with The Virginian.
Report Post »psst
Posted on November 11, 2010 at 11:34am@One If by Land.
Report Post »I did not know that. Thanks for the info.
Now his lurch leftwards makes sense.
Shouldn’t he move his empire to afriKa?
Create capitalist jobs for the afriKans instead of giving them $$.
Capitalism can be said to = give a hungry man a fish today , and he’ll come back for more tomorrow. Teach a hungry man to fish, he’ll be able to feed himself.
lillymckim
Posted on November 11, 2010 at 12:04pmGates is a flipping hypocrite just like all the other so called “do gooders” in Hollowwood
like Michael Moore “Give Me $25 To See My Movie And I Will Tell You Why I Hate Capitalism”!!!
bunch of hollow flipping hypocrites … now? NOW? that they and all Gates billionaire friends, Oprah, Obama, Soros, are IN THE COUTRY CLUB???…REALLY NOW??
there is no longer room for YOU and ME?????????
I wonder if all those people Gates laid off have found a job yet? wheres your charity in your lay offs of the American workers Gates?
Someone needs to tell Gates and all his newly Socialistic friends all those newly socially just friends that ALL PEOPLE have a right to the “American Dream” and it did not stop at his doorstop!!! ..!!!
Report Post »suttonea76
Posted on November 11, 2010 at 12:26pmThe truth of the matter is that capitalism is flawed, but so what! Choices are offered in capitalism and some people make poor choices, some people make great choices and some make none at all. Socialism is void of choice which narrows our scope of ingenuity and lowers standard of living giving rise to mediocrity. Capitalism is an educated man’s gamble, whereas you can ultimately prosper when you actually WORK for it and take necessary steps to limit risk by educating yourself. Socialism takes that excitement away by stating you can only achieve so much as your efforts are spread amongst the masses where no one really benefits. Gates could not have succeeded like he did in a pure Socialistic society as his brilliance would have been for the betterment of the state and not his private business. If we enact Socialism in the states, can we all agree to remove respect and dignity from all dictionaries?
Report Post »MrButcher
Posted on November 11, 2010 at 12:53pmghostofjefferson is my new favorite poster.
well put, sir.
Report Post »jds7171
Posted on November 11, 2010 at 7:47pmThe reason the free market doesn’t do that research, because they will be demonized for trying to make a profit off of it. If they were free to actually make a profit off of it, people would research anything. Just watch if someone does find a cure for aids and wants to make a profit off of it, they will be called heartless and cruel. Even though they spend billions of dollars of their own money doing it.
Report Post »