Bill Gates Refers Capitalism to Produce More Funds for Male Baldness Research than Malaria

Bill Gates Refers Capitalism to Produce More Funds for Male Baldness Research th

Bill Gates said capitalism in modern times means producing more funds for the researches like male baldness rather diseases like malaria. He said it while speaking at the Royal Academy of Engineering's Global Grand Challenges Summit.

Moreover, he said that our priorities are driven by marketplace imperatives. Malaria vaccine is in the demand of human beings, but one will hardly find any funding for it. Besides, if one will see researches like male baldness, they can see the high magnitude of funding because of the voice in the market.

The Gates Foundation works on under invested areas of basic science and emphasizes the needs of the poor by looking at health and education. According to Gates, feeding the world population of 10 billion is one of the most daunting challenges.

He further added that researches like "genetic revolution" can help have better understanding of crops and seeds to increase the productivity.

Also, he said that climate change is one of the most challenging problems, which needs to be dealt with more engineering innovation so as to have reduced carbon emissions. "Governments could be doing more to fund the basic research, but we need to solve it very quickly. We don't have the luxury of waiting", he added.


FrenchTribune Specials

Broadcom Cuts One-Fifth of its Total Workforce

Broadcom made an announcement on Tuesday about winding down its struggling cellular baseband chip business and removal of one-fifth of its total workforce. The winding decision was made by the company after testing the market for a possible sale.

"We made the decision to pursue a wind-down, which minimizes the ongoing losses from the...

Most Popular

Tobacco Companies get favorable ruling in Menthol Cigarette case

A ruling was given in the favor of two tobacco companies...

NASA Supports SpaceX in Response to US Air Force Letter

SpaceX is making efforts to get contracts for Pentagon...

NASA Honors Neil Armstrong by Renaming a Historic Building at KSC in Florida

A historic Kennedy Space Center facility in Florida, the...

Poll

Can Greece Come out of Economic Problems: