More disturbing to me than Gates' ignorance of efficient markets is his adoration with central planning, evident from the same speech as the one quoted above:

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Gates continued by heaping praise on the current generation of Chinese leaders.

"They're smart," he said with emphasis.

"They have this mericratic way of picking people for these government posts where you rotate into the university and really think about state allocation of resources and the welfare of the country and then you rotate back into some bureaucratic position."
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Maybe this is somewhat forgiveable for a CEO, since the way corporations are run is something like central planning, but to be honest it sort of sickens me.