Gates vs. Grove

Last week, the two most significant figures to emerge from the technology industry, Bill Gates and Andy Grove, offered views about how capitalism can solve complex social problems. Their thinking could not be more different, and the differences are instructive — and not favorable to Gates.
Gates, the co-founder of Microsoft, was at Davos, where he delivered a much-publicized speech advocating “creative capitalism.” The phrase has a nice ring, and Davos major domo Kurt Schwab endorsed it as an “enlightened” view of capitalism. In fact, it was remarkably unimaginative. Gates argued that business needs to “stretch the reach of market forces,” because there are so many places in the world where capitalism has not yet worked. He said that technology and micro financing can provide solutions for business, health, and social problems in the developing world.

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Gates vs. Grove

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