Bill Gates + Capitalism + Opportunity
Creative Capitalism is a Worthy Goal, Maybe a Little Shortsighted
As the article in the Wall street Journal about Gate's speech in Davos highlighted, the Nobel Prize winner in India believes, and proves, that even small amounts invested in local, starter businesses magnify themselves in the economic benefits they provide. Mr. Gates might consider the point of view that mini startup business loans offer the optimum starting point for "creative capitalism."
Also important are projects that underlie the aiding of transitions from hunter/gatherer/ subsistence economies to agricultural economy, to industrial society, to technological society. As in the U.S., these transitions definitively mark eras in capitalism that led, and now lead the world in providing attainable goals to model behavior in developing countries.
Mr. Gates, although well-motivated by truly altruistic concerns regarding disease and other health problems, can surely realize that achieving higher standards of living will provide attendant health benefits as a consequence.
But the lack of population control goals and systems causes much of the poverty and disease in fourth and third word, and developing countries, and fosters the kind of extremism that represses, rather than aids, developing peoples.
Creative capitalism that addresses the population problems, along with corruption-free infrastructure development pointed towards aiding a wide spread series of mini-development loans and startups would go a long way towards achieving the goals of Creative Capitalism. Nation building through creative capitalism is possible, but dealing with cultural practices of thousands of years of tradition offers truly formidable hurdles to be thoughtfully, and creatively, dealt with.
NGO's the world over have found that local practices sometimes prevent the realization of opportunities. That even those who would benefit cannot overcome their self-destructive tendencies. That is a structural problem that creative capitalism will find difficult to overcome.
Authoritarian, even dictatorial and extreme religious governments and societies resist most(any) attempts to provide assistance that offers positive results for the people, but carries with it the concurrent possibility that higher standards of living provides the seeds of demand for greater economic and democratic freedoms, potentially leading the people to question the systems that repress them.
Good wishes for good intent to Mr. Gates, and hopes that even small successes will lead to more.
It adds up!
Published by Barry Dennis
President/founder of retail, direct marketing, mail order, wholesale, publishing, investment banking, management and marketing consulting, distribution, manufacturing, public relations, marketing, advertisin... View profile
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