This made for a very interesting read from Time Magazine where Bill Gates a>discusses capitalism and morality. I find this article especially interesting because, whereas Bill Gates has been a major benefactor of capitalism, he actually has a sense of responsibility to the rest of the wold and this is very evident when he quit working full time for Microsoft to work for the Bill and Melinda Gates Foundation .
In Time, he calls for the big co-operations to do more for the world's poor and he calls this creative capitalism. One of the world's richest people may be onto something here, but like many people in similar thinking radar, he has received criticism from a cross section of publics. Others argue that he is trying to reinvent capitalism. For Bill Gates, this goes beyond Corporate social responsibility where Friedman says that the responsibility of companies or corporations is to maximize profits to their stakeholders. Gates on the other hand wants companies to use these profits in alleviating world poverty and disease. Is he onto something? Are his efforts unjustifiable and against capitalism? I wonder.
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7 years ago