"Since World War II, US-government R&D has defined the state of the art in almost every area. The private sector is in general inept.
The climate problem has to be solved in the rich countries. China and the US and Europe have to solve CO2 emissions, and when they do, hopefully they’ll make it cheap enough for everyone else."
Important point. The article's side-title talks about socialism. Gates doesn't appear to say it. But he does think government R&D programmes are the solution to problems of this type and that the private sector is "inept".
I suspect, like me, he's a horses for courses sort of person. The market ain't the cure for all problems. But it probably is the best model we have for many of them.
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