Bill Gates: Capitalism Has 'Systemic' Problems Government Should Address

(CNSNews.com) - Bill Gates says that the federal government’s job is to address the “systemic” problems of capitalism.

The CEO and Chairman of Microsoft Bill Gates said that capitalism’s “systemic" problems are not doing enough for research and “the needs of the poorest.”

“In general, the world under funds research because the person who takes the risk of doing the research doesn’t capture the full benefit of having done it and so you know, capitalism does amazing things but it has one systemic problem in terms of research that it won’t do enough,” Gates said at the mHealth summit in Washington on Tuesday.