Posted on 07/05/2021 1:57:32 PM PDT by RandFan
Charles Munger, Vice Chairman of Warren Buffet’s Berkshire Hathaway, has suggested the U.S. needs to act more like the Chinese Communist Party when it comes to banking. In an interview on Wednesday, the 97-year-old billionaire claimed American free enterprise led to mass suffering from the 2008 crash.
When asked about the mysterious disappearance of Alibaba CEO Jack Ma as an issue with Chinese economics, Munger doubled down on his pro CCP rhetoric.
“Well yes, but Jack Ma’s one of the swingers. So they just cut his, they said to hell with you,” he expressed. “He basically gave a speech when he said to one party state, you guys are a bunch of jerks, don’t know what you’re doing and I know what I’m doing and I’m going to do it better.”
(Excerpt) Read more at oann.com ...
Maybe he’s got a point.
In China corrupt bankers get a bullet in the head.
Then who would we use for slave labor while we exterminate them?
Who defines corrupt?
“I have on occasion remarked that I felt confident that I could persuade a millionaire on a Friday to subsidize a revolution for Saturday out of which he would make a huge profit on Sunday even though he was certain to be executed on Monday.”
- Saul Alinsky, Rules for Radicals, Page 150.
The sign identifies that man as a “reactionary”, but “Eunuch” will be the appropriate term when the CCP emporers give Charles Munger his reward.
No, an ill-conceived government scheme to give mortgages to people who couldn’t afford them, and then use the FNMA to pool the bad mortgages in with the good, ultimately destroying those mortgage pools as investments is what caused the financial crisis.
More like the Chinese ... hmmm
Exactly how do Charlie? Do tell! (Idiot)
Hey, let’s see Munger swinging and then we can debate which side is better.
Nicely summarized.
I saw him get interviewed during Obama years where he dismissed the blight of blue collar America due to China outsourcing. I thought at the time at least he shouldn’t be relevant for much longer, and he’s still there, evil never dies.
Oligarchs are oligarchs...the commie/capitalist labels aren’t worthy the Chinese 5hit they’re printed on.
Yes, in China, anyone who might oppose the regime was considered "corrupt".
Rather like what is happening in the USA. If you are with the Democrats, you can do no wrong (Hunter Biden). If you are against the Democrats, the mere opposition to them gets your law license taken away (Mayor Guliani).
We get to develop our own biological weapons to be used on the chicoms? Pretty kewl...
Munger is but another super-rich clown who needs to be groin kicked into the middle of next week.
Charles Munger outs himself as a fascist.
“There is no reason for human evil, only excuses.” - Dean Koontz
Yes, in China, anyone who might oppose the regime was considered “corrupt”.
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Its worse than that - people do not have to actually commit a crime, just being too influential is enough because no one can be more influential than the CCP.
If a person even vaguely says something that could be stretched - no matter how thin - and interpreted as having a criticism of the CCP, is targeted.
Opposition is what the CCP says it is and that can change at any moment; what’s ignored today, will warrant a police visit tomorrow.
The CCP is an extremely paranoid and fragile entity.
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