Davos
Bill Gates Calls for "Creative Capitalism" to Aid the Poor
Bill Gates gave a major speech at the World Economic Forum in Davos on Wednesday, calling for creative capitalism to do a better job of serving the world's poor as well as the rich.
In a lengthy interview he gave with the Wall Street Journal prior to the speech, Gates expressed concern for how "capitalism, while so good for so many, is failing much of the world." His recommendation is for companies to dedicate a larger percentage of their resources toward figuring out how they can make money by doing business with and improving the lot of the neediest third of the world's population.
Video of the entire speech is available here.
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World Economic Forum
The annual World Economic Forum meeting in Davos, Switzerland takes places this week.
The theme of this year's meeting is "The Power of Collaborative Innovation". How "partnerships between business, government and communities can offer a useful solution" for water scarcity is also supposed to be on the agenda, and Bono will be there again continuing to push for debt relief for poor nations.
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