Gates: Capitalism Doesn't Work

Larry Kudlow has a good response to Bill Gates, who claimed at the World Economic Forum in Davos Switzerland (the liberal collective get-together) that capitalism is broken and doesn't work well enough.

A guy without a college degree who invented a new technology process in his garage that literally changed the entire world, a guy who took advantage of all the great opportunities that a free and capitalist society has to offer and got filthy rich in the process, is now trashing capitalism and telling us it doesn’t work. What chutzpah.

...So I just have to smile when billionaires like Bill Gates and George Soros turn cold shoulders to the blessings capitalism bestows. Or when their buddy, Warren Buffett, broadcasts the importance of hiking tax rates on successful earners and investors.

Look fellas, the command-and-control, state-run economics experiment was tried. It was called the Soviet Union. If you hadn’t noticed, it was a miserable failure.