QuoteProject
Antitrust is the way that the government promotes markets when there are market failures. It has nothing to do with the idea of free information.
Bill Gates
ShareWTF𝕏

Interpretation

What this quote means

Antitrust laws are designed to fix market failures, separate from the concept of free information.

In this quote, Bill Gates highlights the role of antitrust laws in ensuring that markets function properly when they fail, emphasizing that these laws are a tool for promoting healthy competition rather than a means to ensure free access to information. His statement addresses the misconception that antitrust is primarily focused on the distribution of information, pointing instead to its foundational purpose of maintaining market integrity and fairness.

Themes

AntitrustMarketsGovernmentCompetitionInformation

In practice

Example use cases

In a discussion about market regulation, one might reference this quote to stress the importance of antitrust laws.

More from Bill Gates

Nuclear energy, in terms of an overall safety record, is better than other energy.
Bill GatesRead
The Internet is becoming the town square for the global village of tomorrow.
Bill GatesRead
With the states release today of a set of clear and consistent academic standards, our nation is one step closer to supporting effective teaching in every classroom, charting a path to college and careers for all students, and developing the tools to help all children stay motivated and engaged in their own education. The more states that adopt these college and career based standards, the closer we will be to sharing innovation across state borders and becoming more competitive as a country.
Bill GatesRead
About three million computers get sold every year in China, people don't pay for the software. Someday they will, though. And as long as they're going to steal it, we want them to steal ours. They'll get sort of addicted, and then we'll somehow figure out how to collect sometime in the next decade.
Bill GatesRead
Internet TV and the move to the digital approach is quite revolutionary. TV has historically has been a broadcast medium with everybody picking from a very finite number of channels.
Bill GatesRead
These four policy prescriptions - strengthening educational opportunities, revamping immigration rules for highly skilled workers, increasing federal funding for basic scientific research, and providing incentives for private-sector R&D - should in my view be top priorities as Congress and the Administration consider how to maintain the nation's leadership in science, technology, and innovation.
Bill GatesRead

Similar quotes

A sensitive person receives fifty impressions where somebody else may only get seven. Sensitive people are so vulnerable; they're so easily brutalized and hurt just because they are sensitive. The more sensitive you are, the more certain you are to be brutalized, develop scabs.Analysis helps. It helped me. But still, the last eight, nine years I've been pretty messed up, a mess pretty much.
Marlon BrandoRead
When my master and I were walking in the rain, he would say, 'Do not walk so fast, the rain is everywhere.'
Shunryu SuzukiRead
In the chapel you prayed to be a saint and now I will make you a god.
Anne RiceRead
Opinion is like a pendulum and obeys the same law. If it goes past the centre of gravity on one side, it must go a like distance on the other; and it is only after a certain time that it finds the true point at which it can remain at rest.
Arthur SchopenhauerRead
Before I latched onto the concept of stereotypes, not once did I reckon with the fact that I would never be a 'Hollywood starlet.'
Ruby DeeRead
Blame is just a lazy person's way of making sense of chaos.
Douglas CouplandRead

A little wisdom, now and then

Subscribe for the occasional hand-picked quote. No noise.