Admiral Ackbar
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I can't believe the absolute bullshit that's come out of Bill Gates mouth sometimes. But the latest shit about China.
"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 (news - web sites) 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.
China isn't running a new form of capitalism. It's good old capitalism. Just full of corruption, an oppressed labor force, poor law enforcement, and govermental manipulation at the expense of their people.
I've generally had a poor opinion of Bill Gates but this takes the cake.
"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"
In other words the Chinese just haven't gotten rich yet. The boom in China has brought millions out of poverty. But there are still millions upon millions more who live in abject poverty. In effect, he's basically applauding that those Chinese live in destitution.
"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."
Meritocracy!?! It's a communist dictatorship! Full of cronyism, oppression, and corruption. Does that mean all members of the Chinese Government are evil. Of course not. I'm sure there are many men and women working in the system to bring about a better future for the Chinese people. But he's basically saying that Communist societies are better than democratic ones. I mean, is the man INSANE!?!
"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 (news - web sites) 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.
China isn't running a new form of capitalism. It's good old capitalism. Just full of corruption, an oppressed labor force, poor law enforcement, and govermental manipulation at the expense of their people.
I've generally had a poor opinion of Bill Gates but this takes the cake.
"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"
In other words the Chinese just haven't gotten rich yet. The boom in China has brought millions out of poverty. But there are still millions upon millions more who live in abject poverty. In effect, he's basically applauding that those Chinese live in destitution.
"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."
Meritocracy!?! It's a communist dictatorship! Full of cronyism, oppression, and corruption. Does that mean all members of the Chinese Government are evil. Of course not. I'm sure there are many men and women working in the system to bring about a better future for the Chinese people. But he's basically saying that Communist societies are better than democratic ones. I mean, is the man INSANE!?!
:notworth: 
