Bill Gates Davos speech on Creative Capitalism has spurred an interesting array of online debate. Gates essentially re-branded Corporate Social Responsibility within the speech, outlining how corporations serve themselves and society best by considering the wider ramifications of their activities.
Speaking as the world economy crashes like Microsoft OS, Gates proclaimed:
I like to call this idea creative capitalism, an approach where governments, businesses, and nonprofits work together to stretch the reach of market forces so that more people can make a profit, or gain recognition, doing work that eases the world’s inequities.
Ironic that a guy who recently left one of the world’s most powerful monopolists is now calling for some of the rent seeking profit to be shared back with the community. Creative Capitalism should not require RED branded product placement by the world’s most powerful monopolists. No matter how much money well intentioned corporates donate to the poor, without deep rooted reform of the monopoly capitalism marketplace we live under, poverty and disease will continue.
Ironic also that the term Creative Capitalism was coined at the time when capitalism’s creative trickery, via CDO’s and their ilk, has helped sink the economy.
Creative Capitalism can only occur when small business is encouraged. With the huge rents small business are forced to pay, and the mind boggling compliance that quarterly BAS statements and other taxes impinge on the creative small businessman, the green tax shift off mobile labour and onto immobile land based resources must occur.
True creatives often give up to work for the man when rents are doubled in the latest hip community. ie High St Northcote has seen many traders originally move from St Kilda to Brunswick St to now High St, where the same rental trends hit again. With tax dodging havens prevailing, it’s time to move taxes onto immovable tax bases such as land. Then we all get a share of the community created land values. Speculation subsides, productivity and creativity increases and we all say ahh.