Bill Gates, co-chair of the Bill & Melinda Gates Foundation, "has declared capitalism 'flawed' because it channels more resources to curing minor ailments such as male baldness than to addressing the diseases that destroy millions of lives every year," The Independent reports. "The billionaire founder of the software giant Microsoft, who is now one of the world's most prominent philanthropists, told [the Royal Academy of Engineering's Global Grand Challenges Summit] in London last week that it was an indictment of the economic system that dominates most of the planet that more money is spent on research to reverse hair loss than on tackling scourges of the developing world such as malaria," the newspaper adds (Chu, 3/16).