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Bill Gates says socialism has “worked extremely poorly”

  • Kevin J. Delaney
By Kevin J. Delaney

Founding editor

Published Last updated on This article is more than 2 years old.

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.

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