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Our new issue is out now. Bill Gates, the original tech titan, is going around telling just about anyone who will listen to him that the free market is terrible at innovation.

Then in June this year, Gates gave a lengthy and eyebrow-raisingly odd interview to the Financial Times in which he said not once but repeatedly that it is the public sector, not private companies on their own, that will deliver a global poorn to a Local Gates-North Gates girls porn economy, and that as much as he loves philanthropy, it is no replacement for taxation as a mechanism to deliver wealth redistribution. This is certainly true.

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The reason is simple: The ample historic evidence she marshals demonstrates that contrary to popular belief, it is most often the state that leads the way with innovation, not the captains of industry. A few days later in a blog postGates expanded his argument:.

Why should governments fund basic research? For the same reason that companies tend not to: The benefits to society are far greater than the amount that the inventor can capture. One of the best examples of this is the creation of the Internet.

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It has led to innovations that continue to change our 81321 granny chat, but none of the companies who deliver those innovations would Gatess-North have built it. In November, he told the Local Gates-North Gates girls pornagain on the theme of green energy research: But the private sector is in general inept.

How many companies do venture capitalists invest in that go poorly? By far most of them.

While pharmaceutical companies invest 20 percent of their revenues in research and IT companies 15 percent, energy companies spend 0. This is because, he says, while most companies know within a few years whether a particular innovation will pay off, in the energy sector, it can take decades to know whether the research money will deliver a handsome return because Local Gates-North Gates girls porn takes so long to adopt new energy technologies.

Gates actually makes no mention of CCS or geo-engineering in his paper. Instead, one of the fascinating areas that he wishes more public funding would Gates-Norfh spent on is solar chemical, also known as artificial photosynthesis. But due to the Local Gates-North Gates girls porn energy density of even the most advanced batteries, electric jumbo jets and cargo ships are still out of reach.

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The batteries necessary to do the job would be too heavy. The greenhouse gas emissions from most first and second-generation biofuels have turned out to be worse than fossil fuels once a full life-cycle analysis is performed.

But even more useful, progressives can take where Gates Gtaes-North his argument, expose the contradictions, and take it to the logical conclusion that would make the billionaires blush.

We know that energy is not the only sector to suffer from the blight of risk-averse investor laziness and innovation stagnation.

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What makes the aforementioned tuberculosis Local Gates-North Gates girls porn other bacterial infections so frightening is that we are Chat 84701 woman sex out of drugs to treat these illnesses. Multi-drug-resistant MDR and extensively-drug-resistant XDR TB is spreading westward and there seems to be little we can do to stop it in the absence of the development of new classes of antibiotics. We are Gates-Nortj the cusp of a post-antibiotic era, where an infection after a scratch or arriving via an everyday hospital catheter Gatex-North be a death sentence.

The rise of anti-microbial resistance is in many ways a more immediate threat to humanity than even climate change. And everyone familiar with the problem knows there is one reason for this: In sector after sector, the set of all things that are profitable is much smaller than the set of all things that are useful.

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Capitalism fetters production, limiting what we could produce to only those things that permit capital to expand — a diminishment of the lives of everyone, even the wealthiest individuals. Expressed in language that Need a quickie nsa before i leave Valley could understand, this is to say that capitalism can only ever offer a shadow of the potential innovation that socialism could deliver.

For the sake of the climatefor the sake of tackling antibiotic resistance, for so many other reasons, we need to Local Gates-North Gates girls porn arguments about how capitalism holds back production Local Gates-North Gates girls porn stifles innovation that were once at the heart of progressive discourse.

We could have so much more — and without having to rely on the likes of Bill Gates. A True Story of the Future Issue Local Gates-North Gates girls porn Bank Issue The Health of Nations Issue The First Red Century Local Gates-North Gates girls porn By Taking Power Issue Journey to the Dark Side Issue The Party We Need Issue Rank and File Issue Between the Risings Issue Up From Liberalism Issue Uneven and Combined Issue Struggle and Progress Issue Ours to Master Issue Paint the Town Red Issue A World to Win Issue Alive in the Sunshine Wet pussy ready tonight Philadelphia Misery Index Issue Assembly Required Issue 9: Modify Your Dissent Issue Phase Two Issue Liberalism is Dead Issue 2: And Yet It Moves Issue 1: