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Bill Gates says socialism has “worked extremely poorly”

Member exclusive by Kevin J. Delaney

Bill Gates says socialist approaches have historically “worked extremely poorly” when compared to capitalistic market economies.

Asked in a recent interview with Quartz about some American young people’s rejection of capitalism in favor of socialism, Gates said:

The common sense idea that we ought to just equally have everything is always appealing. And even academics have always been more socialistic in their views. It just has a certain appeal. It has never—it’s worked extremely poorly.