uncomfortable spotlight in davos:
The price of attendance isn't cheap: each CEO spends roughly $60,000 a year to attend. But once they have made it onto the invite list they can look forward to schmoozing with their peers in Davos and hobnobbing with celebrities.
(...) One of the world's best-known CEOs, Microsoft chairman Bill Gates, admitted to fellow participants that he had become skeptical of the very notion of capitalism. He told the Wall Street Journal that he had seen the failings of capitalism first-hand on visits to places such as the South African slum of Soweto, and had discussed them with dozens of experts on disease and poverty.
(...) At one of the most widely attended events of the week, Gates called for a "creative capitalism" that uses market forces to address poor-country needs that he feels are being ignored. "We have to find a way to make the aspects of capitalism that serve wealthier people serve poorer people as well," Gates said. "I'm an optimist, but I'm an impatient optimist. The world is not getting better fast enough, and it's not getting better for everyone."