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Quote by Bill Gates

“The Internet will help achieve "friction free capitalism" by putting buyer and seller in direct contact and providing more information to both about each other.”

Quote by Bill Gates

Author

Bill Gates, born on October 28, 1955, is a renowned investor. He is the co-founder of Microsoft Corporation and served as the CEO and Chairman of the company. Gates has had a profound impact on the computer software industry, particularly in the development of personal computer operating systems. He stepped down as CEO in 1995 and has since focused on philanthropy, using the Bill & Melinda Gates Foundation to fund global health, education, and poverty reduction initiatives. more

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“The characteristic mark of economic history under capitalism is unceasing economic progress, a steady increase in the quantity of capital goods available, and a continuous trend toward an improvement in the general standard of living.”

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Author:Ludwig von Mises

“The characteristic feature of capitalism that distinguishes it from pre-capitalist methods of production was its new principle of marketing. Capitalism is not simply mass production, but mass production to satisfy the needs of the masses.”

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Author:Ludwig von Mises

“Capitalism or market economy is that system of social cooperation and division of labor that is based on private ownership of the means of production.”

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Book:Bureaucracy

Source: Bureaucracy

“Capitalism is essentially a system of mass production for the satisfaction of the needs of the masses. It pours a horn of plenty upon the common man. It has raised the average standard of living to a height never dreamed of in earlier ages. It has made accessible to millions of people enjoyments which a few generations ago were only within the reach of a small élite.”

Source: Anti-Capitalistic Mentality, The

“The early industrialists were for the most part men who had their origin in the same social strata from which their workers came. They lived very modestly, spent only a fraction of their earnings for their households and put the rest back into the business.”

Men Social Capitalism Workers Household Earning Fractions

Author:Ludwig von Mises

“Many pioneers of these industrial changes, it is true, became rich. But they acquired their wealth by supplying the public with motor cars, airplanes, radio sets, refrigerators, moving and talking pictures, and variety of less spectacular but no less useful innovations. These new products were certainly not an achievement of offices and bureaucrats.”

Source: Omnipotent Government: The Rise of the Total State and Total War

“The development of capitalism consists in everyone having the right to serve the consumer better or more cheaply.”

Development Capitalism Consumers

Author:Ludwig von Mises

“There is no western, capitalistic country in which the conditions of the masses have not improved in an unprecedented way.”

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Book:Economic Policy: Thoughts for Today and Tomorrow

Source: Economic Policy: Thoughts for Today and Tomorrow

“In spite of the anticapitalistic policies of all governments and of almost all political parties, the capitalist mode of production”

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Book:Planned Chaos

Source: Planned Chaos

“Is still fulfilling its social function in supplying the consumers with more, better and cheaper goods.”

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Book:Planned Chaos

Source: Planned Chaos