No crisis of capitalism, Gates says
ENT News | at | by Mike
Microsoft's Chairman Bill Gates expressed confidence in the current economic system, despite plunging market values, in a TV interview broadcast on Sunday. The market continued to fall even after President Bush signed a Wall Street bailout plan into U.S. law.
When asked by CNN reporter Fareed Zakaria if we were facing a "crisis of capitalism," Gates said no.
"It's an interesting crisis, and it's important that things move forth -- that markets are continuing to operate," said Gates, reportedly the world's richest man.