Bill Gates Is Wrong...Laughably Wrong

Allow me to happily pile on Bill Gates's squishy and moronic call for a "kinder capitalism" that is splashed all over the front page of the WSJ today. Kudlow has it right, capitalism has lifted hundreds of millions of people out of grinding poverty, escaping the default condition of humanity which is characterized by hunger, short life, disease and large physical burdens just in order to survive. That would be enough to laugh Gates off the stage, but beyond that, the people that Gates is so worried about not benefitting from capitalism, don't live under capitalism. Pretty much all of Africa is untouched by capitalism as we know it in the West. Only a fool would expect the benefits of capitalism to extend to where it is not practiced. South America in general has been travelling the road away from capitalism. The only logical expectation is that that part of the world will see decreasing benefits from capitalism. It's a choice. If you want Chavismo, fine, but you can't have western, capitalist living standards too. The eastern Europeans figured it out, the Indians are figuring it out, South Korea figured it out. It is not capitalism that needs to change, it is poor nations that need to choose.