Bill Gates on Catalytic Philanthropy

Reads like one of those quotes that you’ll eventually see in the authorized auto/biography of Gates in a couple of decades (if he doesn’t cure death first)…

We work to draw in not just governments but also businesses, because that’s where most innovation comes from. I’ve heard some people describe the economy of the future as “post-corporatist and post-capitalist”—one in which large corporations crumble and all innovation happens from the bottom up. What nonsense. People who say things like that never have a convincing explanation for who will make drugs or low-cost carbon-free energy. Catalytic philanthropy doesn’t replace businesses. It helps more of their innovations benefit the poor.

via Bill Gates: Here’s My Plan to Improve Our World — And How You Can Help | Wired Business | Wired.com.

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