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"If you have 50 different plug types, appliances wouldn't be available and would be very expensive. But once an electric outlet becomes standardized, many companies can design appliances, and competition ensues, creating variety and better prices for consumers."
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Exlpore more Economics quotes
"Machinery which is not used is not capital."
"Riches are for spending."
"The probable accumulation of the surpluses of revenue beyond what can be applied to the payment of the public debt... merits the consideration of Congress. Shall it lie unproductive in the public vaults?...Or shall it rather be appropriated to the improvements of roads, canals, rivers, education, and other great foundations of prosperity and union."
"Capitalism has a way of letting people view the world through rose-coloured glasses."
"Even with all its positive attributes, capitalism in its imperialistic form is the most treacherous system mankind ever devised. It is driven by a selfishness that has an almost religious underlining to it."
"The three wealthiest people in the world own more than the GDP of forty-eight countries!"
"The free market has never worked in agriculture and it never will. The economics of a family farm are very different from a firm's... the demand for food isn't elastic, people don't eat more just because food is cheap. Even if I go out of business this land will keep producing corn."
Explore more quotes by Bill Gates
"Me and my dad are the biggest promoters of an estate tax in the US. It's not a popular position."
"The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency."
"In poor countries, we still need better ways to measure the effectiveness of the many government workers providing health services. They are the crucial link bringing tools such as vaccines and education to the people who need them most. How well trained are they? Are they showing up to work?"
"The worst pandemic in modern history was the Spanish flu of 1918, which killed tens of millions of people. Today, with how interconnected the world is, it would spread faster."
"The U.S. couldn't even get rid of Saddam Hussein. And we all know that the EU is just a passing fad. They'll be killing each other again in less than a year. I'm sick to death of all these fascist lawsuits."
"I think the positive competition between states in India is one of the most positive dynamics that the country has."
"My experience of malaria was just taking anti-malarials, which give you strange dreams, because I don't want to get malaria."
"People are always coming up to me and saying, 'I heard your dad's speech, and it's really great.' And they'll mention some place I didn't even know my dad was going to."
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