Berkshire's Munger says China right to clip Ma's wings

Reuters.com via MSN ^ | June 30, 2021 | Reuters

[Dr. Thorne]

June 30 (Reuters) - Berkshire Hathaway Inc (BRKa.N) Vice Chairman Charlie Munger praised China's move to impose a sweeping restructuring on Jack Ma’s Ant Group, the fintech giant whose record $37 billion IPO was derailed by regulators in November.

The 97-year-old told CNBC in an interview alongside Berkshire CEO and billionaire investor Warren Buffett that the United States should take a leaf out of China's book and "step in preemptively to stop speculation".

"I don't want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country," he said in the interview aired on Tuesday in the United States.

[Dr. Thorne]

If you had any doubt about the elite's admiration for Communist China, Charlie Munger disabuses you of any doubt. This guy is 97 and will stand before God soon enough. Yet, his smug elitism won't allow him to beg forgiveness from the Almighty. Instead, he doubles down on his love of oppression, genocide and wholesale destruction. What a scum.

[datura]

There’s a special place in Hell for douchebags of that magnitude.

[dadfly]

never a doubt since Kissinger and Nixon.

[ptsal]

Making Nebraska proud

[SunkenCiv]

Berkshire Hathaway Inc (BRKa.N) Vice Chairman Charlie Munger praised China's move... "I don't want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country,"

[joshua c]

Charlie would like the part of Chinese tyranny that benefits him.

Funny thing about tyranny, once you lose control of one part, you lose control of all parts.

[Flick Lives]

“I don’t want the, all of the Chinese system, but I certainly would like to have the financial part of it in my own country,” he said in the interview...

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Translation: Munger likes fascism / corporatism.

[FreeReign]

"Capitalists" like Munger will sell China the rope to hang us all.

What a pathetic, old, senile fool, with his billions, graveling to his masters, the CCP.

[FreeReign]

Charlie would like the part of Chinese tyranny that benefits him. Funny thing about tyranny, once you lose control of one part, you lose control of all parts.

At age 97, Munger thinks that he will avoid the part where they come for him.

[The_Media_never_lie]

I think Kissinger profited in a big way from Nixon’s bad decision to open up to China.

[PIF]

Meanwhile amid American praise of the CCP, Jack Ma, aka Horse Cloud, remains disappeared.

He’s one of many billionaires to have been disappeared, imprisoned, or shot because of some perceived slight or innocuous criticism of the super paranoid CCP.

[PIF]

Charlie is not Han Chinese and, therefore, would only be kept around for entertainment purposes like other Mainland minorities.

[E. Pluribus Unum]

Because billionaires only have your best interests at heart when they propose chopping their competitors off at the knees.

[Mean Daddy]

Munger lives in Kalifornia, Buffett in Nebraska.

[sauropod]

Bkmk