Bill Gates: capitalism means male baldness research gets plenty of funding; malaria vaccines little to nothing
While we’re busy lionizing capital, let’s not neglect to mark the divide between our compassionate desires for our fellow man and the ‘thrust vectoring’ of the market; especially the consumer market:
“Our priorities are tilted by marketplace imperatives,” he said. “The malaria vaccine in humanist terms is the biggest need. But it gets virtually no funding. But if you are working on male baldness or other things you get an order of magnitude more research funding because of the voice in the marketplace than something like malaria.”
As a result, governments and philanthropic organisations have to step in to offset this “flaw in the pure capitalistic approach”. The Gates Foundation focuses on finding under invested areas of basic science and focusing an innovation agenda on the needs of the poor, specifically looking at education and health.
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