BILL GATES: Only Socialism Can Save Planet

The world’s richest man, Bill Gates, has said that the private sector is too selfish and inefficient to produce effective energy alternatives to fossil fuels.

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Image Permissions: “Bill Gates – World Economic Forum Annual Meeting Davos 2008 number3” by World Economic Forum – originally posted to Flickr. Licensed under CC BY-SA 2.0 via Commons.


As written by Louis Dore’ for i100Independent:

While announcing his plan to spend $2 billion of his own wealth on green energy during an interview with The Atlantic, the Microsoft founder called on fellow billionaires to help make the US fossil-free by 2050 with similar philanthropy.

He said:

There’s no fortune to be made. Even if you have a new energy source that costs the same as today’s and emits no CO2, it will be uncertain compared with what’s tried-and-true and already operating at unbelievable scale and has gotten through all the regulatory problems.

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