Brave new market economy.Microsoft created software for the Chinese government that prevents bloggers from using words like "freedom" and "democracy" on the Internet, reports the Guardian. The agreement comes only months after Bill Gates (person) Bill Gates - William Henry Gates III, Chief Executive Officer of Microsoft, which he co-founded in 1975 with Paul Allen. In 1994 Gates is a billionaire, worth $9.35b and Microsoft is worth about $27b. He was a computer nerd who dropped out of Harvard and one of the first programmers to oppose software piracy ("Open Letter to Hobbyists," Computer Notes, February 3, 1976). praised China's officials, who run a mixed market economy Market Economy An economic system in which economic decisions and the pricing of goods and services are guided solely by the aggregate interactions of a country's citizens and businesses and there is little government intervention or central planning. This is the opposite of a centrally planned economy, in which government decisions drive most aspects of a country's economic activity. with a Stalinist political system. "It is a brand new form of capitalism, and as a consumer it's the best thing that ever happened," Gates said.
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