Part of FTC legend is that Mr. Gates once told the Commissioners (when they were first investigating MSFT's per processor licensing practices) that they were a bunch of "communists." Isn't it ironic?A guy without a college degree who invented a new technology process in his garage that literally changed the entire world, a guy who took advantage of all the great opportunities that a free and capitalist society has to offer and got filthy rich in the process, is now trashing capitalism and telling us it doesn't work. What chutzpah.
For all his do-good preaching, Gates is ignoring the global spread of free-market capitalism that has successfully lifted hundreds of millions of people out of poverty and into the middle class over the last decade. Think China. Think India. Think Eastern Europe. (Maybe even think France under Nicolas Sarkozy.) Gates wants business leaders to dedicate more time to fighting poverty. But the reality is that economic freedom is the best path to prosperity. Period.
Friday, January 25, 2008
More criticism of Bill Gates' "chutzpah"
From Lawrence Kudlow:
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