Bill Gates did not use the words socialist or socialism in his recent comment on the environment and where government money IS well spent. I've looked at six or seven of the headline blaring examples and none showed quote marks around the following which were the words of the interviewer Tom Cahill of Atlantic Magazine. He also did not say the entire private sector was inept as many of the headlines proclaimed. He did say inept referring to R&D or Research and Development as compared to the National Science Foundation and DARPA programs.

As evidence around the world shows, the U.S. doesn’t have to reinvent the wheel to be a green energy juggernaut — it can simply look to currently-existing examples in countries with socialist policies — like Germany and China, for instance — on how to become a leader in green energy. And according to Bill Gates, the rest of the world will follow the lead if the biggest countries set the bar.

So it looks like Gates was misquoted again. I hate to admit it but I was suckered into that myself.
What he did say was QUOTE

I’m a big believer in foreign aid, but the climate problem has to be solved in the rich countries. China and the U.S. and Europe have to solve CO2 emissions, and when they do, hopefully they’ll make it cheap enough for everyone else. But the big numbers are all in the developed economies, where China’s defined into that term."

and in another http://uncut.com it came out this way. Watch the quote marks disappear and reappear


Climate
Bill Gates: Only Socialism Can Save the Climate, ‘The Private Sector is Inept’
Tom Cahill | October 26, 2015

Bill Gates explains why the climate crisis will not be solved by the free market.
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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.”

“When I first got into this I thought, ‘How well does the Department of Energy spend its R&D budget?’ And I was worried: ‘Gosh, if I’m going to be saying it should double its budget, if it turns out it’s not very well spent, how am I going to feel about that?'” Gates told The Atlantic. “But as I’ve really dug into it, the DARPA money is very well spent, and the basic-science money is very well spent. The government has these ‘Centers of Excellence.’ They should have twice as many of those things, and those things should get about four times as much money as they do.”

In making his case for public sector excellence, the Microsoft founder mentioned the success of the internet:

“In the case of the digital technologies, the path back to government R&D is a bit more complex, because nowadays most of the R&D has moved to the private sector. But the original Internet comes from the government, the original chip-foundry stuff comes from the government—and even today there’s some government money taking on some of the more advanced things and making sure the universities have the knowledge base that maintains that lead. So I’d say the overall record for the United States on government R&D is very, very good.”

The ‘Centers for Excellence’ program Bill Gates mentioned is the Center for Excellence in Renewable Energy (CERE), which is funded in part by the National Science Foundation (NSF). The NSF, which operated with roughly $7.1 billion in 2014, is the source of one-fourth of federal funding for research projects at over 2,000 colleges, universities, K-12 schools, nonprofits, and businesses. The NSF has even funded research by over 200 Nobel laureates, including 26 in just the last 5 years alone. The NSF receives more than 40,000 proposals each year, but only gets to fund about 11,000 of them. Bill Gates wants this funding to be dramatically increased.

“I would love to see a tripling, to $18 billion a year from the U.S. government to fund basic research alone,” Gates said. “Now, as a percentage of the government budget, that’s not gigantic… This is not an unachievable amount of money.”

As evidence around the world shows, the U.S. doesn’t have to reinvent the wheel to be a green energy juggernaut — it can simply look to currently-existing examples in countries with socialist policies — like Germany and China, for instance — on how to become a leader in green energy. And according to Bill Gates, the rest of the world will follow the lead if the biggest countries set the bar.

“The climate problem has to be solved in the rich countries,” Gates said. “China and the U.S. and Europe have to solve CO2 emissions, and when they do, hopefully they’ll make it cheap enough for everyone else.”

"Yet editor after editor and writer after writer decided to shorten that Socialism is the way to go and private sector is inept."

Not so amazing for the media it's business as usual. I let my guard down knowing they aren't to be trusted.

Turns out he's not the newest member of the left's Billionaire Boys Club nor is he with Koch Brothers. What he's doing is what he's always done. Turned his back on certain elements of government.

Now what is true is the method of getting MicroSoft where it is which I've ranted about before. Doesn't matter if it it doesn't work get it out there we'll fix it afterwards. The opposite of Steve Jobs who wanted a perfect product prior to release. I still refer to the Microsoft business model as conspiracy to defraud. But the Socialist comment was not one of his faults. Just yellow journalism - and all they had to do was read the actual article

http://www.theatlantic.com/magazine/a...