Monday, January 31, 2005
Bill Gates sucks up to his next market's regulators.
Yes, more of a cynic every day, definitely.
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 it's the best thing that ever happened," Gates told an informal meeting late Friday at the World Economic Forum.
He characterised the Chinese model in terms of "willingness to work hard and not having quite the same medical overhead or legal overhead"...
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. [AFP]
But Bill's learning as he gets older, I'll give him that.