(RightWing.org) – Investor Warren Buffett’s business partner, Charlie Munger, has shockingly revealed that he wants the US to reform – and become more like communist China.
— One America News (@OANN) July 5, 2021
On June 29, Munger, vice chairman of Buffett’s Berkshire Hathaway business empire, told CNBC that China’s one-party regime was right to silence businessman Jack Ma, internet giant Alibaba’s founder. Ma criticized the Communist Party for stifling innovation. “Communists did the right thing,” the 97-year-old billionaire said before blaming US economic freedom for the 2008 financial crash (which was caused by irresponsible government lending).
Munger praised the Communist Party for setting limits on businessmen, complaining that “our own wonderful free enterprise economy is letting all these crazy people go to this gross excess.” He claimed the Chinese regime’s ability to control financial speculation is an economic strength, although Munger himself used speculation to earn over $1.5 billion. He said he wouldn’t want the whole Chinese system in the US, but “I would certainly like to have the financial part.”
In May, Munger told his shareholders the Chinese government is pro-business and had “lifted 800 million people out of poverty… my hat is off to the Chinese.” China’s per-capita GDP is currently $11,891, around one-sixth of the US figure.
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