Monday, October 26, 2015

Bill Gates on socialism

See this article on Gates and renewable energy. Some excerpts:

"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. [...] Government R&D is far more effective and efficient than anything the private sector could do."

"‘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.”

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