Bill Gates explains why the climate crisis will not be solved by the free market.
In a recent interview with The Atlantic, billionaire tech magnate Bill Gates announced his game plan to spend $2 billion of his own wealth on green energy investments, and called on his fellow private sector billionaires to help make the U.S. fossil-free by 2050. But in doing so, Gates admitted that the private sector is too selfish and inefficient to do the work on its own, and that mitigating climate change would be impossible without the help of government research and development.
“There’s no fortune to be made. Even if you have a new energy source that costs the same as today’s and emits no CO2, it will be uncertain compared with what’s tried-and-true and already operating at unbelievable scale and has gotten through all the regulatory problems,” Gates said. “Without a substantial carbon tax, there’s no incentive for innovators or plant buyers to switch.”
Gates even tacked to the left and uttered words that few other billionaire investors would dare to say: government R&D is far more effective and efficient than anything the private sector could do.
“Since World War II, U.S.-government R&D has defined the state of the art in almost every area,” Gates said. “The private sector is in general inept.”
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The world needs to prepare for the next major health crisis, Bill Gates has told delegates at the Ted (Technology, Entertainment and Design) conference.
While Ebola seems to be being kept under control currently, next time “we may not be so lucky” the Microsoft co-founder warned.
He said that there were plenty of technology tools that could be used to contain the spread of a virus.
And, he added, governments should learn from how nations prepare for war.
“Nato plays war games to check that people are well-trained and prepared. Now we need germ games,” he said.
He also called for a reserve “medical corps” similar to the reserve armies that civilians can join.
Technology can play a big role in helping prevent the spread of a virus, he told the Ted audience.
The proliferation of mobile phones mean that citizens can easily report where disease breaks out and satellite mapping can quickly collate where the problem areas are.
Meanwhile advances in biology have drastically cut the time it takes to develop vaccines for new viruses
During the Ebola crisis, technology firms such as IBM contributed tracking systems that allowed the authorities to create detailed maps of outbreaks based on text messages from citizens.
Continue reading TED 2015: Bill Gates warns on future disease epidemic
You’re probably lucky. You probably don’t have to worry about how clean your water is, if you’ll be able to get vaccinated this year, or if you’ll ever get to see a doctor. You’re lucky, but much of the world isn’t. Many parts of the globe still lack the infrastructure and resources to get on par with modern health care. Bill Gates – Microsoft monolith turned philanthropist – wants to change that.
Ten years ago, Bill and his wife Melinda Gates launched the Grand Challenges in Global Health initiative. Initially bolstered by 450 million dollars from their nonprofit foundation, this initiative was set up to give a monetary incentive for scientists and researchers to pursue radical or transformative ideas in public health.
“That’s the idea behind Grand Challenges—to focus bright scientists on the problems of the poorest, take some risks, and deliver results,” Gates said in a press release.
Since 2005, the Grand Challenges in Global Health grant program has delivered 458 million dollars to researchers from 33 countries. And these grants have been focused on issues the Gates Foundation believes to be fundamental in bringing the rest of the world up to the medical standard. Of the 16 overarching challenges listed by the foundation, many focus on vaccination — one of if not the most cost effective disease prevention program we have. Grants have been awarded for projects trying to develop needless delivery systems, vaccine formulas that do not require refrigeration, and single-dose vaccines for use shortly after birth.
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Big changes are coming to the labor market that people and governments aren’t prepared for, Bill Gates believes.
Speaking at Washington, D.C., economic think tank The American Enterprise Institute on Thursday, Gates said that within 20 years, a lot of jobs will go away, replaced by software automation (“bots” in tech slang, though Gates used the term “software substitution”).
This is what he said:
“Software substitution, whether it’s for drivers or waiters or nurses … it’s progressing. … Technology over time will reduce demand for jobs, particularly at the lower end of skill set. … 20 years from now, labor demand for lots of skill sets will be substantially lower. I don’t think people have that in their mental model.”
He’s not the only one predicting this gloomy scenario for workers. In January, the Economist ran a big profile naming over a dozen jobs sure to be taken over by robots in the next 20 years, including telemarketers, accountants and retail workers.
Gates believes that the tax codes are going to need to change to encourage companies to hire employees, including, perhaps, eliminating income and payroll taxes altogether. He’s also not a fan of raising the minimum wage, fearing that it will discourage employers from hiring workers in the very categories of jobs that are most threatened by automation.
I had recently purchased a new computer with Microsoft Windows as the Operating system (O/S) and was unhappy with the same and writes a letter to Bill Gates, regarding the same.
Dear Mr. Bill Gates,
We have bought a computer for our home and we have found some problems, which I want to bring to your notice.
1. There is a button ‘start’ but there is no ‘stop’ button. We request you to check this.
2. One doubt is whether any ‘re-scooter’ is available in system? I find only ‘re-cycle’, but I own a scooter at my home.
3. There is ‘Find’ button but it is not working properly. My wife lost the door key and we tried a lot trace the key with this ‘find’ button, but was unable to trace. Please rectify this problem.
4. My child has learnt ‘Microsoft word’ now he wants to learn ‘Microsoft sentence’, so when you will provide that?
5. I bought computer, CPU, mouse and keyboard, but there is only one icon which shows ‘My Computer’ when you will provide the remaining items?
6. It is surprising that windows says ‘MY Pictures’ but there is not even a single photo of mine. So when will you keep my photo in that
7. There is ‘MICROSOFT OFFICE’ what about ‘MICROSOFT HOME’ since I use the PC at home only.
8. You provided ‘My Recent Documents’. When you will provide ‘My Past Documents’?
9. You provide ‘My Network Places’. For God sake please do not provide ‘My Secret Places’. I do not want to let my wife know where I go after my office hours.
Last one to Mr. Bill Gates: Sir, how is it that your name is Gates but you are selling WINDOWS?