ON-Lion Letter
In his early-January remarks to the World Economic Forum in Davos, Switzerland, internationally renowned entrepreneur and philanthropist Bill Gates noted that "we have to find a new way to make the aspects of capitalism that serve wealthier people serve poorer people as well." 

Gates called for a new system of "creative capitalism" -- "an approach where governments, businesses, and nonprofits work together to stretch the reach of market forces so that more people can make a profit, or gain recognition, doing work that eases the world's inequities."

Others are not so certain that development pursued by well-meaning experts from the top down can ever make a dent in world poverty.  Among them are longtime international-aid critic William Easterly, who argues that "[w]e don't know what actions achieve development, our advice and aid don't make those actions happen even if we knew what they were, and we are not even sure who 'we' are that is supposed to achieve development."

A former World Bank economist, Easterly is a visiting fellow of The Brookings Institution and a New York University economics professor.  During a late-January program at the Hudson Institute in Washington, D.C., sponsored by its Bradley Center for Philanthropy and Civic Renewal (BCPCR) and Center for Global Prosperity (CGP), he and others asked if Gates' "creative capitalism" can meet the needs of the world's poor. 

The others were Urban Institute senior fellow Eugene Stuerle and World Resources Institute vice president for special projects and innovation Allen Hammond.

The Lynde and Harry Bradley Foundation in Milwaukee supports Hudson's BCPCR and CGP.
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