Bill Gates is trashing capitalism. Larry Kudlow destroys his premise. In particular, it is always fascinating to me how capitalism can be blamed for failure in Africa...a place were capitalism is no where to be found. (If it were, they would not be dirt poor.)
One thing the Kudlow gets wrong most people do...he says that Gate is a "guy without a college degree who invented a new technology process in his garage that literally changed the entire world." Uh, no. Gates and Microsoft did not invent anything...they licensed DOS technology and re-licensed it to IBM. In other words, Gates is a billionaire because he was a smart and savvy middleman. Further, it is pretty clear that they rode IBM's sales prowess and the emergence of the PC to greatness. The right place at the right time.
I am not begrudging Gates that, but let's be straight on how this all happened.
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