Thread: brand-new form of capitalism

China has created brand-new form of capitalism: Bill Gates



US software giant Bill Gates has high praise for China, which he says has created a brand-new form of capitalism that benefits consumers more than anything has in the past.

"It is a brand-new form of capitalism, and as a consumer its the best thing that ever happened," Gates told an informal meeting late Friday at the World Economic Forum in this ski resort.

He characterised the Chinese model in terms of "willingness to work hard and not having quite the same medical overhead or legal overhead".

Manufacturers have created "scale economies that are just phenomenal", in part owing to companies there and elsewhere on the planet designing good products, Gates said.

Looking ahead, he added: "You know they haven't run out of labor yet, the portion that can come out of the agriculture sector" was still considerable.

"It's not like Korea, Korea got to a point where, boom, the wages went up a lot," he said, adding "that's good, you know, they got rich and now they have to add value at a different level.

"They're closer to the United States in that sense than they are to where China is right now."

Gates continued by heaping praise on the current generation of Chinese leaders.

"They're smart," he said with emphasis.

"They have this mericratic way of picking people for these government posts where you rotate into the university and really think about state allocation of resources and the welfare of the country and then you rotate back into some bureaucratic position."

That rotation continued, Gates explained, and leaders were constantly subjected to various kinds of ratings.

"This generation of leaders is so smart, so capable, from the top down, particularly from the top down," he concluded.



while democrats and republicans fight, this is happening else where.
while you are freeing non americans with american tax dollar, americans lose more freedom. great country you have there.



http://sg.news.yahoo.com/050129/1/3q6pb.html

So true.

yes, why isn't America doing more with their hundreds of millions of peasants?

Originally Posted by roddy

yes, why isn't America doing more with their hundreds of millions of peasants?

They're too busy building giant walls to stop the peasants from making our country a better place.

Originally Posted by roddy

yes, why isn't America doing more with their hundreds of millions of peasants?

busy being indoctrinated with creationism theories ( actually just superstitions not even scientifc hypothesis)

i was referring to the fact that China's management of its economy and America's management of its economy should probably not be compared, considering that America is one of the wealthiest nations in the world and China is, well.. not among the poorest, but certainly not far from it.

neither should american politicians impose their judgements about political systems onto others.