Saturday, January 08, 2005

 

A Dan Gillmor pearl

The last sentences of this post are precious:
Bill Gates knows that markets fail. That why he's putting so much money into his philanthropy to help improve public health, especially in the developing world where markets have not worked. I greatly admire his commitment in that area.

Comments:
Markets only fail when governments interfere with their proper working. Show me a market failure and I'll find the dirty hand of a government in it.
-russ
 
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