IPFS News Link • Climate Change
Bill Gates, Climate Change and the Capitalist System
• fff.orgIn a recent interview, Gates has said that capitalism is inherently unable to solve the problem of global warming, and instead there have to be world-encompassing government-business "partnerships" to save Planet Earth.
In the November 2015 issue of "Atlantic" magazine, Bill Gates asserts that private enterprisers are too self-interested, too narrowly focused on short-run market profitability, not innovatively-oriented enough, and not sufficiently incentivized to develop on their own the needed alternative energy sources that can eliminate the use of fossil fuels by the middle of the twenty-first century.
Thus, the only answer is for governments to design an agenda and a plan of action to direct and subsidize the private enterprises that cannot be trusted to solve what he considers the leading problem facing everyone in the world: climate change and global warming.