25 January 2008

'Creative Capitalism': Equity and sustainability as natural economic outcomes

Bill Gates made a nice speech at Davos - seen in full here - his call for "creative capitalism" challenges those big companies to show that they have the skills, capacity for doing the right thing [on a range of development issues] while also making money. He is in effect saying: "earn your bonuses/ wages ... show us how clever you are".
"If we just have the company that was doing the best in the sector matched by other companies, say all the drug companies were doing as well as GlaxoSmithkline thinking about the needs of the poor, if the banks were thinking micro-financing as well as the best, if the cell phone companies were thinking how the cell phone can even help the poor low cost financial transactions then we could see the condition of the poor improve dramatically,” Gates said.

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