[ad_1]
"I am a card-carrying capitalist," said the legendary investor to shareholders Saturday.
"I believe we would not be sitting here, with the exception of the market system and the rule of law over some things that are embodied in this country," Buffett said. "So, you do not have to worry about my change this way."
Buffett's words seemed to oppose the wave of anti-capitalist sentiments and to be part of a broad debate about whether a free market democracy worked for everyone.
Many of the proposals presented by the White House candidates before 2020 imply massive government intervention in large sectors of the economy.
Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" In this context, a number of wealthy people have also suggested that capitalism is in crisis, or in & nbsp;urgent need for fundamental reform. "data-reactid =" 20 "> In this context, a number of wealthy people also hinted that capitalism was in crisis or was in dire need of in-depth reform.
A rejection of socialism
<p class = "web-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "With an estimated net worth north of 80 billion dollars , Buffett is frequently mentioned alongside Amazon (AMZN) CEO, Jeff Bezos, and Microsoft founder Bill Gates, considered one of the richest men in the world. "Data-reactid =" 24 "> Buffett is frequently mentioned north of $ 80 billion, Jeff Bezos, CEO of Amazon (AMZN), and Microsoft founder Bill Gates as one of the richest men in the US. world.
<p class = "canvas-atom text-canvas Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "However, it has & nbsp;progressive supporting policies& nbsp; and supported Democrat Hillary Clinton in the 2016 elections. Recently, he has collaborated with Jamie Dimon, CEO of Bezos and JPMorgan Chase, on a & nbsp;initiative to reduce health care costs.However, he supported progressive politics and supported Democrat Hillary Clinton in the 2016 elections. More recently, he has teamed up with Bezos and JPMorgan Chase's general manager, Jamie Dimon, to an initiative to reduce health care costs.
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "[[[[Click here to view the coverage of the Berkshire Hathaway 2019 Shareholders' Meeting.]"data-reactid =" 26 ">[[[[Click here to view the coverage of the Berkshire Hathaway 2019 Shareholders' Meeting.]
In a recent interview with Andy Serwer of Yahoo Finance, Buffett also lamented the growing problem of income inequality – a hot topic in the booming field of Democratic presidential candidates.
Credit: David Foster / Yahoo Finance
<p class = "canvas-atom-canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Still, at Berkshire (BRK-A& nbsp;BRK-BAt the shareholder meeting, Buffett rejected the idea that the world's largest economy could become socialist, as some have argued with the rise of political figures like & nbsp;Queens Congress, Alexandria Ocasio-Cortez.Yet at the Berkshire shareholders meeting (BRK-A, BRK-B), Buffett dismissed the idea that the world's largest economy could become socialist, as some have asserted with the rise of political figures like the Congresswoman of Queens Alexandria Ocasio-Cortez.
The Vermont Senator, Bernie Sanders, a self-styled socialist, is one of the leading contenders for the overcrowded Democratic primary.
"I do not think that the country will enter socialism in 2020, nor in 2040, nor in 2060," said Buffett, whose thoughts were shared by his long-time partner, Charlie Munger.
"I think we're all in favor of a government social safety net in a country as prosperous as ours," Munger told the public. "What many of us do not like, it is the great stupidity with which social safety net are managed by the government".
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Read more:"data-reactid =" 43 ">Read more:
<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Follow Javier on Twitter: @TeflonGeek"data-reactid =" 50 ">Follow Javier on Twitter: @TeflonGeek
[ad_2]
Source link