Last week Bill Gates complained that he’s grown impatient with the shortcomings of capitalism. Professor Bainbridge goes ones step further and explains that Bill Gates hates capitalism:

But when did Bill Gates ever believe in capitalism? He’s an inveterate monopolist and has been since the beginning. Monopolists hate real capitalism, precisely because they hate competition. Monopolists love corporate social responsibility because it creates barriers to entry. So of course Bill Gates is going to turn “a cold shoulder to the blessings capitalism bestows.”

Bainbridge also argues that Gates may support mandating “social responsibility” because it creates barriers to entries to competitors. While in other cases, this might be in the case, but in Gates’ case, I doubt it. The two biggest competitors to Microsoft are Apple and linux. Both are arguably more “socially responsible” than Microsoft.