Microsoft Corp chairman Bill Gates called on for a new “creative capitalism” to help the world’s 1 billion poorest who live on less than $1 a day.
The Microsoft founder said that he was giving $306 million to use green technology and farming techniques to boost millions of Africans and South Asians out of hunger and poverty.
“We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well,” he told an auditorium packed with corporate leaders and politicians at the annual meeting of the World Economic Forum on 24 Jan.
“I like to call this idea creative capitalism.”
“The world is getting better, but it’s not getting better fast enough, and it’s not getting better for everyone,” he said.
Gates and his wife run the Bill & Melinda Gates Foundation, which supports health care in poor countries and funds research on effective measures to deal with large global health problems.