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Rolling Stone Interview: Bill Gates Is Clueless on US Government Corruption

Posted by Larry Doyle on March 16, 2014 6:33 AM |

Bill Gates did not become one of the wealthiest individuals in the world by accident. Gates is a visionary, exceedingly charitable, and clearly ‘scary smart’.

All this said, Gates is neither perfect nor infallible. In fact, on some of the most critically important topics of the day, I think he is downright clueless. Let’s navigate.

I thank the readers who shared a recent interview Gates had with Rolling Stone in which there was the following ‘must read’ brief exchange: 

RS: In the past, you have sounded cynical about the role that government can play in solving complex problems like health care or reforming anti-poverty policies.

BG: Not cynicism. You have to have a certain realism that government is a pretty­ blunt instrument and without the constant attention of highly qualified people with the right metrics, it will fall into not doing things very well. The U.S. government in general is one of the better governments in the world. It’s the best in many, many respects. Lack of corruption, for instance, and a reasonable justice system.

The best government in the world in terms of lack of corruption and a reasonable justice system?

Think again, Bill! You are not only wrong, but you are not even close with your assessment.

As I recently highlighted, the World Justice Project recently released the standing of the USA and other nations on a whole host of metrics in terms of promoting the rule of law.

Bill, check out the following rankings for the USA:

Chart

So Bill, with all due respect, the United States of America is not the best government in the world when it comes to lack of corruption and a reasonable justice system. In fact, relative to nations of a similar income rank, the USA is not even mediocre with a standing in the bottom third for these critically important standards.

I hope somebody out there in the blogosphere who might have a connection to Mr. Gates would bring this data to his attention. I have no interest in any sort of ad hominem attack on Mr. Gates, but he should be challenged when he makes statements such as these.

Wouldn’t it be great if he made exposing crony corruption within our government and the accompanying double standard within our justice system as two of his major causes?

Come on, Bill. You clearly are great with numbers. Do ratings of 21 out of 30 on corruption and 25 out of 30 and 22 out of 30 on the justice front trouble you? They certainly trouble me and a whole lot of folks navigating these parts.

How about you use your bully pulpit and call out the folks in Washington to end these rackets? Perhaps you might even want to join forces and support the efforts of those at Represent.Us working on addressing systemic corruption in our political system.

I hope everybody reading this will share it with your own networks so this real time data works its way back to Mr. Gates.

Navigate accordingly.

Larry Doyle

Please order a hard copy or Kindle version of my book, In Bed with Wall Street: The Conspiracy Crippling Our Global Economy.

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The opinions expressed are my own. I am a proponent of real transparency within our markets so that investor confidence and investor protection can be achieved.

  • Always Learning

    Bill Gates might also want to read Gretchen Morgenson’s article in today’s New York Times: “A Loan Fraud War That’s Short on Combat” (http://www.nytimes.com/2014/03/16/business/a-loan-fraud-war-thats-short-on-combat.html). The final paragraph of the article:

    “The report fits a pattern that is scary for a democracy, that there really are two levels of justice in this country, one for the people with power and money and one for everyone else. And that eats at the heart of what I think makes this country great.”

  • Russ

    I’d like to share my Madoff experiences with Mr. Gates. Particularly those that have to do with the way government and the justice system handle this crime. I wonder what he’d say when he found out that the government is allowing and aiding Wall Street to steal the remaining money from the Madoff victims.

  • Cliff Forbes

    Gates obviously wasn’t put into auction rate securities by his friendly financial advisor.

  • Thomas Poirier

    Bill hasn’t updated his information in several decades. That was a widely held view once upon a time.






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