Bloomberg on technology

From the Wired interview with Michael Bloomberg:

Wired: Kids sit on the steps of the Brooklyn library trying to get Wi-Fi. Why can’t we solve the problem that roughly half the people in this city don’t have broadband?

Bloomberg: We will. That’s what capitalism is all about. As there’s demand, the private sector will come and fill it in. I don’t believe that government is good at picking technology, particularly technology that is changing. By the time you get it done and go through democracy, it’s so outdated.

[emphasis added]