Bill Gates Working on His Wings

Bill Gates recently came to MIT to encourage students "to focus their talent and energy on tackling the world's biggest challenges, including global health, poverty and education."

Gates was eager to learn during his visit, opening his presentation with a two-part question. "Are the brightest minds working on the most important problems?" he asked a packed Kresge Auditorium. "And to the degree that they're not, how could we increase that, which I think could make a huge difference?"

Those questions were inspired by a weekend Gates recently spent with several friends who were eager to talk about two topics they found exciting: the NCAA March Madness basketball tournament and financial markets. That got Gates thinking about how he could shift some of the focus of the brightest minds from these popular topics toward solving problems that plague poor countries, such as health, food, sanitation and governance, as well as more global issues like education and energy. Even in areas of scientific innovation, a lot of the focus remains geared toward the perceived needs of the rich, such as baldness drugs, Gates said.

Whoo! It is exciting to hear him talk about this.

Gates also wrote an op-ed piece with Chad Holliday, the CEO emeritus of DuPont, about the need for major investment in clean energy technology. They give persuasive explanations for why the private sector cannot do this alone.

But our country is neglecting a field central to our national prospect and security: energy. Although the information technology and pharmaceutical industries spend 5 to 15 percent of their revenue on research and development each year, U.S. companies' spending on energy R&D has averaged only about one-quarter of 1 percent of revenue over the past 15 years.

And despite talk about the need for "21st-century" energy sources, federal spending on clean energy research -- less than $3 billion -- is also relatively small. Compare that with roughly $30 billion that the U.S. government annually spends on health research and $80 billion on defense research and development.

Bill Gates as a Public Figure

This past year was Gates' first year working full time on the Gates' Foundation. He put out an annual letter and has been going on the morning circuit with his views on various policy issues.

ABC News article and video with George Stephanopolous

article at PCWorld

Breakthough Institute blog

He has come out in support of bank fees and tax increases. At the same time, he seeks to moderate people's expectations in the government's ability to make a full recovery, saying that the government is limited in what it can really do. According to Gates, the best thing the government can do for the economy and for social equity is invest in education. The government needs to focus on long term goals. I think changing people's expectations would help a lot or else Scott Browns are going to get elected everywhere.

His main interest is in health services. He talked about the need for innovation in health and the need for more pills. What about preventative measures and things like diet, though? He also notes that we need a lot more investment in clean energy and he downplays the effectiveness of energy efficiency measures. He is right about the lack of funding of clean energy in the US, but I wonder what he would think about the concept of a steady state economy, less work hours, and less material throughput.

He even had a diplomatic analysis of the Google v. China free speech issue.

He has an interesting blog http://www.gatesnotes.com.

It's interesting how billionaires like Gates and Warren Buffet have much more credibility than any actual politicians. On the one hand, it makes sense because they are proven to be successful people. On the other hand, it's a little sad because I don't think there are any politicians that people really trust.

Not Just Poor People

He's Bill Gates and he can open a jar of mosquitos during a talk if he wants to.