Is there a third way for social equity markets?


Bill Gates holds a baby who is taking part in a malaria intervention treatment program as his wife Melinda (L) looks on, at the Manhica Research Center and hospital, Septmeber 21, 2003 in Manhica, Mozambique. Dr. F.Xavier Gomez-Olive' (C) explained the treatment program to the Gates's. Bill & Melinda Gates announced in Manhica that their foundation was funding three grants totaling $168 million to fight malaria, a disease that is epidemic, and kills more than one million people annually. The grants will accelerate the search for a malaria vaccine, new drugs to fight drug-resistant malaria, and new treatment strategies for children. AFP PHOTO/BILL & MELINDA GATES FOUNDATION/ Jeff Christensen

FOR too long, we have been told the choice is between the state and the market. Former US president Ronald Reagan famously said, “Government is not the solution to our problem. Government is the problem.”

Together with former UK prime minister Margaret Thatcher, he launched the global shift towards “Free Market Fundamentalism”.

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