Opps, sorry for the typos. It was late at night and I forgot to proof.
I posted this link because I admire Bill Gates, not because he’s rich, but because of the charity work that he’s doing in the developing word. His work to improve education in poor American communities is also wonderful.
I agree with his views and I found the interview very interesting.
As for waning American power, I believe the point was that America needs not fear the economic and political rise of other countries. We can find ways to work together for the benefit of all.
I’m not looking forward to diminised US power. But I think that we should work cooperatively with others rather than try to impose our will. It’s not a good idea to make enemies unless we are prepared to eternally watch our backs.
Times have changed. It used to be that industries in advanced countries had 50-year comparative advantages over competitors in developing nations. But now, transfer of technology, knowledge and financial assets and can happen almost overnight.
I’ve been to China and Northern Thailand. Bill Gates is right, Capitalism in China is extremely dynamic and there is a sense of urgency there. And Northern Thailand is definitely one of the best places to live on $1 per day.
