One can also wonder if lobotomies are a proper course of treatment for dementia as well...
Of course he would say that; for the same reasons the oligarchs of the old Soviet Union supported the system that kept them in financial and political power. Buffett and his butt-boys have little to do with or desire for capitalism and are primarily concerned with payoffs and contributions to politicians who enable them to make large profits from the economic destruction of this country and true capitalism.
Then, Grantham, you POS, resign IMMEDIATELY from your capitalist position in this capitalist company, give all your capitalist money to a communist government, and move there.
Capitalism is the economics that is compatible with reason, reality, human nature, natural rights and freedom. And Marxism is not.Any economy, such as Marxism, that disrupts the interplay of immutable natural organic forces is inherently flawed and doomed to failure. Centralized planning, investment, control,and decision making is doomed to failure because technology is always progressing and advancing and its evolution is impossible to predict.