Gates: I made billions now its time to change the rules capitalism

So Gates has made billions founding and running Microsoft - now he wants capitalism to be more benevolent. Some 85% of the world's 6 billion people live in substandard or developing nations, many are in poverty. The rest of the world is controlled by the remaining 15%.

The bottom 2 billion of the world's people live in utter poverty. Reforming capitalism is Bill Gates' answer.

Is reform even possible? And is it the goal of capitalism to be benevolent? What are your thoughts on this and what are some of the challenges/problems with such a proposal. A series of links below the video should take you to the stories and commentary written and broadcast about Gates' comments.

Tatge - Fox Business News:
http://www.foxbusiness.com/video/index.html?playerId=videolandingpage&streamingFormat=FLASH&referralObject=94cfdcf5-0bd6-403a-aff4-9e740a5f0965&referralPlaylistId=search|cavuto%20tatge

Forbes billionaires: http://www.forbes.com/2007/03/07/billionaires-worlds-richest_07billionaires_cz_lk_af_0308billie_land.html

New York Times: http://www.nytimes.com/2008/01/23/business/23davos.html?ex=1358830800&en=97546dcd9dec3dd7&ei=5124&partner=permalink&exprod=permalink

Wall Street Journal:
http://online.wsj.com/article/SB120113473219511791.html

Google Video: http://www.youtube.com/watch?v=Ql-Mtlx31e8

New breed of billionaire

The global wealth boom has created a new breed of billionaire in once-destitute countries, and a number of them are using their wealth to push for social changes.

ISTANBUL — Stuck in a traffic jam in his bulletproof BMW, the richest man in Turkey lets loose with a satisfied grin.

Since 2000, Husnu M. Ozyegin has spent more than $50 million of his own money, building 36 primary schools and girls’ dormitories in the poorest parts of Turkey. Next to the Turkish government, Mr. Ozyegin is the biggest individual supporter of schools in the country — and an official from the education ministry has told him that his market share is increasing.

The global wealth boom has created a new breed of billionaire in once-destitute countries like Turkey, India, Mexico and Russia. Propelled by their rising economies, robust currencies and globally competitive companies, they have ridden a surge in local stock markets that have reached previously untouchable heights in a short five-year timeframe. Now, a number of them are using their wealth to bolster their standing and push for social changes.

http://www.nytimes.com/2007/12/14/business/14billionaire.html?ex=1355461200&en=04cae9e880dd9a31&ei=5124&partner=permalink&exprod=permalink

Peru's state bank struggles to spread wealth

Peru's government has a problem that would make most politicians salivate: It can't spend all of the money it has on hand. About $3 billion is piling up in the country's state-owned bank, a huge sum for a government with an annual tax haul of roughly $15 billion. Soaring sales of copper, gold and natural gas are filling Peru's coffers with royalties and tax revenue. That leaves it facing a challenge shared by many developing nations riding the global commodity boom: deciding what is best to do with the windfall.
http://online.wsj.com/article/SB120026732196687137.html