Wikipedia Founder Backs Anti-Greed Demos

Wikipedia founder Jimmy Wales has told Sky News he supports anti-greed protests taking place in London and across the world.

The creator of the online non-profit encyclopedia said he understood anger over bonuses being paid to the bosses of banks that have been bailed out with tax-payers money. “I do (have sympathy with the protesters),” he said. “You won’t find a bigger proponent of the free markets and capitalism than  me.

“I think a big part of what people are protesting about… is when big companies are failing and they get bailed out and then the management pays itself a bonus out of money that was taken from us in taxes. “It’s outrageous. The idea that because you’re politically connected you’re able to get access to tax-payers’ money and take home a £4m pay cheque is just
outrageous.

Wikipedia was a child of the dot com crash. One of the reasons we were so innovative in terms of letting the community control things is that I had not money to hire anyone – Wikipedia founder Jimmy Wales

“Where’s my tent,” he joked. “I’m going to go and protest right now.” Mr Wales, who was in Time magazine’s 2006 list of the world’s most influential people, said he believed the internet-assisted uprisings in the Middle East could be repeated elsewhere. “I think the big changes are still to come,” he said. “When we think about the next billion people are going to come online… in Africa, China, India and around the world, they’re going to demand change. “I don’t know it it’s going to be in five years or ten years or next week, but I expect there to be a Chinese spring at some point.”

Speaking to promote London’s Tech Entrepreneur Week in December, he also said others could follow the Wikipedia’s example. “Wikipedia was a child of the dot com crash,” he said. “One of the reasons we were so innovative in terms of letting the community control things is that I had not money to hire anyone. “In recession, there are a lot of great companies to be built” He added that he did not know the value of Wikipedia, saying: “Nobody really knows. A lot… a few billion, I’m not sure.”

http://news.sky.com/home/business/article/16090679

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