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Billionaire Bill Gates bashes capitalism

Posted By -NO AUTHOR- On 03/15/2013 @ 11:59 pm In Money | No Comments

(Huffington Post) Bill Gates is renewing his criticism of capitalism, joining a long line of anti-capitalist billionaires.

Speaking at the Royal Academy of Engineering’s Global Grand Challenges Summit on Wednesday, Gates lambasted capitalism, saying it “means male baldness research gets more funding than malaria,” Wired Magazine reports.

Gate’s claim came in the context of a speech about the Bill & Melinda Gates Foundation, his $36.4 billion philanthropic effort that aims to focus technology and innovation initiatives on the needs of the poor worldwide.

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