I mean you have 3 of the richest capitalists discussing socialism and they are saying they need it and can’t reject it. Maybe get passed the thumbnail.
@@michaelhill1708 buffet was asked to defend capitalism in his first statement. While defending capitalism as the greatest system ever made, he said twice that rules and regulations were needed, he in fact finished his point by saying that. Followed by Bill Gates literally explaining how they believe in progressive tax system (a product of a socialist system) and he also explained the difference between classic socialism, and the way people use the term now. It seems to me everyone thinks that capitalism and socialism are two opposites that can’t co-exist, clearly these people believe it can. Everyone hears them defend capitalism and turns off their minds. They clearly prefer a capitalist system with socialist qualities, but that’s not the same as if they were standing advocating for a full capitalist society. Not even close.
These vaccines aren’t about health. To the global capitalist imperialist, they represent the war materiel of the 21st century. More profitable than planes, tanks and ships combined.
Watching some of the biggest capitalist billionaires talking about socialism and capitalism is like watching convicted sexual predators talking about consent
If those with proven deep understanding explain their positions based on facts, regardless of their own opinions, then there is always something to learn
@@druwk they have a net worth of somthing like 180 billion (not searching it up because I'm lazy) and there are multiple countries with gdp less than 1 billion. So in other words they have 180 billion times all economic activity in those countries. I would say that's enough to buy the country.
@@codyburkett7642 that's literally the worst assimilation that I've heard but let's put it in this perspective you say you hate capitalism yet you're using a device from a private company that operates internationally where people literally spend on money
@@thedandyone1 Isn't the goal of the system to give the people in it a fulfilling life? Shouldn't the measure of it being good thus not be to what extend this been achieved, instead of how much more they have produced? Production doesn't equal perceived fulfillment; I might even argue that in many cases it has the opposite effect.
Cuz they don’t dress that well, they just dress typical... also they still wearing really expensive suits so like.... you WISH that was an IZOD or USPA collared shirt Gates is wearing
Their belts probably cost as much as a Gucci belt but look like a belts you could get from Walmart. Don’t let looks fool you, their shit may look average but that doesn’t automatically mean the price tag is average.
@@goodone8041 why on earth would you care one bit it gates is a racist? He is 1000% all in on reducing our planets population..This means the 'removal of huge amounts of our population' yes, eradication of living human beings, rationalized by his lifelong research into climate change, vaccines for infectious diseases, greener farming by his genius plans, ex. You may have seen recently the article about gates plan to block out the sun at certain time periods to combat climate change...it was all over the news cycle recently due to it being censored awhile ago when it was first reported...then he spoke on it very recently and the internetz broke due to the reversal. Very common thing as of recently, I am sure we have seen the list of things trump said only a year ago that the MSM shouted and 'debunked', smeared trump every time....only to be corrected a year later that it was the truth. Rmbr this POS gates is behind 5/7 vaccines. This man has a terrible track record in places like Africa, where ppl got terribly sick and/or died taking this man's vaccines. He is NOT a scientist, NOR a doctor. His wife just filed for divorce, nd her lawyer made statements about bills relationship with Jeffrey Epstein being one of the reasons for the split. Also reported recently how he owns more farmland in the U.S.A. then any other human....he won't share the ingredients of his vaccines...which have been banned from many many countries. Also speaking negative against his vaccines on platforms like this one, has been getting people demonitised and or banned. But don't worry folks, nothing to see!!!
You are right: Saudi-Arabia, UAE and Qatar openly say that they are no democracies. This is so reactionary. In comparation, China, Russia and Pakistan are the true democracies.
Only until the people have had enough and rise up and take back their country and if the Globalist scum cut off the food then Democrat will be a main course on the menu yum,yum.
Warren Buffet is the one that appears to be (or at least expreses) the most humanístic. A pure market-based economy Will continúe to widen the gap between the Chaves and the have nots. I am for humanístic capitalismo.
@@marvaspence5252 Your is pure rhetoric in bad faith. Is not chaves, but the class warfare buffet is talking about that is widen the gap impoverishing those who work and enriching those who speculate. He is the first admitting it and you call him a humanist? There is no "humanistic capitalismo" capitalis is the base for the wars, coupes and terrorism. Evidences are overwelming.
Best way to debate capitalism: Bring on 3 of the biggest corporate overlords you're gonna find, with no opposition, and in the case at least of Bill Gates, Jeff Bezos, the Waltons, Bloomberg and Elon Musk mistreating their workers, depriving them of healthcare, and in some cases not letting them pee for 5 minutes, like at Amazon.
Let's ask one of the three biggest capitalist in the world whether capitalism works or not. Yeah it works great for them. And don't get me wrong it helps in some ways but it's also very wasteful. I don't see a bunch of billionaires all of a sudden deciding to treat their lowest wage employee so they can have a a Fighting Chance. None of these guys up here came from an impoverished background. I think Buffett had a farm at 16 years old or something. Bill Gates did not come from an impoverished background. Middle to upper class. Try to find those families in America today. You're either rich or you're not
@@CarmaCasto 1. This 11 month old comment I made does not bear on my own life: I am talking about hundreds of thousands, even millions of workers being exploited and neglected. 2. Problem not solved: You can't just snap your fingers and start a business. I don't see how that's so hard to understand. In the US particularly, where the most basic healthcare is tied to employment, starting a business is literal suicide for most of the workers we're talking about.
When I say "hundreds of thousands, even millions of workers" I am talking about the US, but the country is nowhere near unique in the world on this front.
@@CarmaCasto lol okay. Dont have a car? Just buy one. Dont have a house? Just buy one. Your logic doesnt make sense. Find a new hobby and quit trolling bud.
Capitalism brings out the best in people.. It is capitalism that made the world recognize Warren buffets talent in investing. Same with Bill gates who is a talented programmer..
hello how are you and your happiness family my greets go to you there all am happy to send you the message for the first time in here my name is paousman am living in Gambia west Africa am living with my mom and two little brothers we are not having Dad our dad pass away at the moment the country have corona virus and is too hard for us to have foods to eat in the family we dont have any one supporting us for this and we are dying in hunger i need help i can buy the foods for the family we can eat we are now longer in the hunger and we are dying i need your help for sake of god
Apparently you have no clue what fascism or nazis are. You probably don't know the foundation of many dnc policies are rooted in the admiration of the nazis. In fact, I'm willing to bet you have the same core principles as the socialist nazis and fascists of old.
@@ryeckley7267 to learn. Waiting on the government to create socialism is taking too long. Why not we play the game and create socialism ourselves? Then again that might be too much work for some people.
I wouldn’t take any advice on wealth creation from them, I mean, they’re ONLY billionaires (Who donate massive amounts of their own wealth, the wealth they created by taking the leap of faith others are so afraid of and providing value/jobs to the rest of the population without any guarantee of success). I’d agree having someone who has experienced socialism in there would be a great addition but I’m pretty sure they would all still agree.
...with a very fair reframing of the whole idea that they are opposites or mutually exclusive. At least as the terms are used today. They defend capitalism against original “means of production” socialists, but absolutely support both capitalism and socialism by the definitions we throw around today.
im not a billionaire, but I agree with them. free market system that capitalism has is the best thing to decide who gets the rewards and who doesn't. it just makes sense. if you come up with an iPhone or a PC and literally change peoples lives, you deserve all the money and rewards in the world, this could never happen in socialist regime. we would still live in 1900s
Jesus, everybody seems to confuse socialism with a state-run economy, socialism can be an market economy. Capitalism can be an state-run economy the differance between the two is who owns/has/controls the means of production (factories, machines etc.)
sten260 socialism can have a free market and a democracy, socialism doesnt mean a totalitarian regime with a state run economy. If you became a billionaire because you wrote a great book or something (all by yourself) than you deserve it But if you became a billionaire by underpaying the workers in your factory, or otherwise called employing, than you are essentialy robbing your employees of their piece of the profit
Yes they should should exist. Capping wealth is not the answer,taxation on their personal and business income will contribute back to society couoled with strict regulations and that is enough.
@@andersfranz5367 Thanks for all the minimum wage jobs with no benefits, Jeff Bezos! I'm so happy that you let me chow down on the scraps that fall on the floor!
Well tbh I would imagine I would not know what the hell I'm talking about compared to Buffet either... it's not really a slight but I dont manage billions of dollars of cash flows, I'm younger and all I have is economic theory. I might be able to show him a thing or two about statistical models though *hopefully.
@@kimobrien. And yet. And yet. You don't see people lining up to emigrate to socialistic countries. All the leading countries in the world are c capitalistic. The only socialistic country (China) really took off once it took on capitalism.
@@erikkovacs3097 well there is a municipal internet in some towns now. So realistically, capitalism only works when something begins but it's not a long term sustainable system unless you cheat within it to remain top.
@@electric6877 That makes no sense. First of all municipal ISP are service providers they didn't invent the underlying technology. Second you say it's not sustainable in the long run an assertion based on nothing but also assuming somehow central government planners can do better in the long run which is demonstrably false because it's been tried over and over again.
samuel ashagrie well two of them don’t create anything they are CEO and Vice President of Berkshire Hathaway, a holding company that buys businesses that actually do create things and then Berkshire take the profit from their workers so no, yes Bill Gates invented products that have greatly benefited the world but the other two haven’t. But even though bill gates has made great strides with computers and technologies does he deserve to have over $100 billion when millions of people starve to death? Is that really a good way to distribute the finite resources we have on this planet?
Harvey Holmes do you realize how much money Bill Gates has given away to charities to help those suffering both domestically and abroad . Without Bill Gates there would be no Microsoft and hundreds of thousands of people have been employed due to Bill so he should never have to apologize for his wealth. People like you don’t care about others you’re just jealous at his success and don’t want him to enjoy in his produce. SMH
samuel ashagrie do you how much money Bill Gates has made by his companies paying people slave wages in Asia and Africa to assemble his companies products? I’m not even saying he personally should apologise for his wealth, I’m saying the system that allows some to have that amount of wealth, the system he’s defending in the video, is broken, inhumane and a terrible use of the worlds finite resources, Bill Gates doesn’t need or deserve over $100 billion, the fact he’s given away a lot of his wealth and still holds on to over $100 billion worth of assets just proves further he has a ridiculous amount of wealth. Saying it’s out of jealousy is the most childish argument that comes up whenever the absurdly wealthy are discussed and it’s ridiculous, I don’t want $100+ dollars, I want that money to be used to help people and not held by 1 person who sometimes gives money to some character to make himself look good, also he’s not enjoying what he’s produced, he’s enjoying what other people have produced, he’s enjoy the things the people in Asia who put together Xboxes produced who he pays next to nothing too. Also you haven’t addressed anything to do with Warren or Charlie so I’ll assume it’s because you can’t defend them
Harvey Holmes people who try and tell others how to spend their money is the most petty and moronic thing. If you think Capitalism is so evil why has it lifted billions from poverty and what other system could be better implemented to help thrive the economy further than it is now.
in a world with Superman... there still wasnt universal healthcare... instead the government just was paying the billionaires to fix their buildings. Superman is trash.
Not too mention 3 of the most capitalist billionaires. Same dudes who are constantly pushing capitalism on us telling us that mask mandates, curfews, vaccines, lockdowns are good. Sorry we don't want any of your capitalism guys.
Socialism vs Capitalism "who should we interview to get a diverse array of opinions?" "Idk 3 billionaires probably" I wonder what narrative they want to push 🤔
Did u ever saw rich people suffering in left countries? Actually centralizing and controlling everything, would be easier for them to manage the world the way they want Soviet Russia, was full of oligarchies
@@ConstructiveMinds100 they were already rich before Also oligarchies are not capitalism It's a protection of companies by Putin Open the market and let them die off
He never changes his undies either...probly doesnt need to...never goes out ..can't really, coz if he did he would be grabbed by the mob and impaled on giant syringe
Kim O'Brien “We all do it, so you must suffer with the rest of us.” That’s the logic of a tax supporter. I’ll always try to keep my money from those crooks.
@@christopherorick8652 Capitalism can't work without taxes. There is no other way to transfer value to the areas of the economy that can't produce a profit as direct return on investment in three month intervals. Profits flow to those areas where the cost of labor can continually be cut in the service or commodity produced. Now think of a public transportation system. Mass transit is necessary as the most cost effective way to get people to work in a city. You can cut the cost of everything made that goes into the system and the repair costs. What is an almost impossible cost to cut in the last 70 years without cutting the bus or train drivers wage is the daily labor operating cost. This among other reasons is why almost every town and city in the US that has public transportation requires a tax subsidy. Most of those systems were founded as private systems that became unprofitable for that reason. They were declared bankrupt and placed into the hands of the government as a quasi public/private partnership.
The second issue with taxes in a class society is who pays them? Here is where you can see that in the earlier days of capitalism the capitalist paid a great majority of the taxes because the exploitation of the workers was such that anyone thinking that the workers would pay anything but sin taxes would be laughed out of the room. In many industries we weren't even paid in what you'd call real money but instead company script usable at the company store only. We have won a few battles since then but having a payroll check bounce is still not an unusual experience.
@@joostlieverst6866 hmmm, i wonder what happens to a latin american or mena country when it becomes a liberal democracy with a gold backed economy, the US would export "freedom"
@@Bad_Idea yes me as well...but the new heneration is educated and stuck in the lower class bracket...a growing amount anyways. Those are the people that will push for it.
I thought this interview was perfectly objective. Why not have 3 rich guys tell the truth and give their honest answers on socialism? They are all older and extremely wealthy and at this point they really have nothing to lose. I was a bit surprised by Gates's comments on taxes and Buffet's honest assessment of the "have's and have nots." I hate the thought of our country going down the road of increased socialism because it seems popular at the time or because a politician is trying to tap into younger voters. I also appreciate what Munger said about both parties hating each other.
NO Billionaire would call themselves Socialist.. They refer to the end goal which is COMMUNISM..Karl Marx's own definition Socialism is a transitional social state between the overthrow of capitalism and the realization of Communism.
@SeriouslyUnserious If I was a billionaire that got my wealth off capitalism, how tf do you expect me to criticize the system that got me here in the first place? This "debate" is inherently biased, and a conflict of interest even for them to consider socialism. Idiot.
“Should we let people accumulate insane amounts of wealth and live in luxury while the workers who live under them fight for scraps?” Three billionaires: “yes” Very insightful thank you
Did this 3 people steal all of their wealth by pointing a gun at people's heads? Or were individuals free to buy the goods and services that they offered? Bill Gates didn't force anybody to buy his software, people just thought that they'd be better off if they spent their money that way and both parts were benefitted, and to produce these software he even created tens of thousands of jobs, so society as a whole benefitted from free enterprise.
@@Bolognabeef Yes Bill Gate’s creating a monopoly on internet services and crushing all competition with brutal business tactics was soooo great for society, thanks Bill Gates. Also look up “manufacturing consent” and you’ll see that often times consent is an illusion for working class people. “Sell your labor to a capitalist or starve” isn’t really an actual choice. As for the consumers, the consumers never really had a choice either considering Bill Gates built a monopoly. Just because Bill Gates wasn’t literally holding people at gunpoint, that doesn’t mean he didn’t coerce people and use brutal business tactics for his own benefit.
@@Bolognabeef Hypocrites, all three of them "Wall Street financial elite played a major role in three significant twentieth-century historical events: the 1917 Lenin-Trotsky Revolution in Russia, the 1933 election of Franklin D. Roosevelt in the United States, and the 1933 seizure of power by Adolf Hitler in Germany. Each of these events introduced some variant of socialism into a major country - i.e., Bolshevik socialism in Russia, New Deal socialism in the United States, and National socialism in Germany. Contemporary academic histories, with perhaps the sole exception of Carroll Quigley's Tragedy And Hope, ignore this evidence. On the other hand, it is understandable that universities and research organizations, dependent on financial aid from foundations that are controlled by this same New York financial elite, would hardly want to support and to publish research on these aspects of international politics. The bravest of trustees is unlikely to bite the hand that feeds his organization." Anthony C. Sutton in “Wall Street and the rise of Hitler
@@Bolognabeef Yes Simone. (Sono italiana anch'io, ciao!). Most billionaires make money by exploiting others, paying them often less than a minimum wage and not respecting rights. Look at how Amazon workers are exploited for example, research, there has been a lot of talk about it. Amazon even destroyes 130.000 items a week in UK (laptops, phones, etc.)to keep certain prices. It's even worse if you look at other countries and not just the West. Look at how Steve Jobs made chinese children build his smartphones. Bill Gates stole his ideas from Xerox. The materials used to build computers and smartphones come from indian and african mines with child labour. Rihanna became a billionaire and her very famous makeup line uses mica, a mineral, taken from India by children. They built empires on others exploitation. Meanwhile, working class pays more taxes than them. We have been told communism is wrong because Stalin bla bla. Actually Lenin, Stalin, Mao, were deranged right wing in the marxist movement and were often criticized by other marxist which were the libertarian left in marxism (and so they got rid of them). Socialism and communism(S) are today different by the way. Socialism is simply a redistribution of wealth to reduce social injustices (example: through taxes). Today's welfare state programs come from socialist ideals. I suggest you to read Noam Chomsky. There is also a channel with all his interviews. I suggest "Noam Chomsky about Lenin".
The government controlling the means of production is NOT socialism. The government reallocating resources is NOT socialism. High taxes on the rich is NOT socialism. Government programs like Social Security and Medicare is NOT socialism! Socialism is the collective ownership of the means of production and distribution, which means the working-class dictates the political, economic, and social system, not billionaire oligarchs.
@@rexboston Venezuela isn’t socialist, and there’s a massive difference between a workers state under socialism and a bourgeois state under capitalism. You probably live in the imperial core, so it’s hard to fathom a government that’s for the people and not corrupt, but it does exist.
Hahah why do you guys hate these three so much? I mean I get it, you’re sad UA-cam trolls and that’s what you do but what did you hear that triggered you so much?
Invested with Buffett 25 years ago with all my assets, now 27 years later I live a good life only because I was rational and logical. Growing up impoverished Mississippi did not numb my brain.
Good Job you invested in the most immoral practices in Human History. You helped fund wars. You empowered companies willing to exploit humans and natural resources. I hope your soul feels accomplished.
Socialism is a broad range of ideas on how an alternative system could replace capitalism. These guys support an authoritarian top down hierarchy, which is based on the premise of Social Darwinism. The really old farts can barely use a computer. The reality is that Buffet and Monger spent many years developing mechanisms to extract money from a really crappy game that even they don't actually understand. Gates was a software engineer who made a program, which he apparently plagerized. So the idea is that these guys are Ubermenchen because they manipulated money and for Gates he was in the right field at the right time, working on the right product. The answer is expansion of Democracy and personal liberty. Not dictatorship of the wealthy.
@@macrogenii "These old farts can barely use a computer" Uh...Bill Gates was one of those "old farts" - you may have heard of him...founder of Microsoft??? You know, that massive tech company. I know Socialists are the brightest bulbs in the room, but fuck me, the cognitive dissonance is incredible with this one.
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Jani Ukkonen lol capitalism will be the solution to global warming. The world already realizes value in producing carbon neutral, and cleaning environmental destructions.
Jani Ukkonen I don’t think you’ve ever taken a history course where they told you that capitalism is a practice that has last centuries or longer. Maybe in your couple decades of life, you shouldn’t be so quick to brand it as the end of civilization when it’s kept poverty to an all time historic low
They’re not debating here it says Buffet, Munger and Gates ON the debate between capitalism and socialism they’re not debating it they’re stating what side they are, they’re stating their opinions. Glad ur reading comprehension is so good 👍🏻
The people calling for socialism aren't from Cuba, Venezuela, or Vietnam. They're enjoying the good life in the USA made possible by free market economics and hard work. That's why people the world over want to come to the US. Not many migrate to socialist countries.
yes, you are so right. everyone in the US is enjoying “the good life” and nobody has any struggles or problems whatsoever 👍 boy do i love being blissfully ignorant
yeah right. 3 people that exploit thier workers. right off the bat gates doesn't describe socialism. which honestly would be a government not controlling production . a lie. socialism is to distribute the profit evenly amongst all that work for a common goal that's socialism. what dates describes is communism. complete control of production and all workers and ideology and freedoms for common welfare. that us not socialism.
@@mccollumparkfarmersmarket7836 USSR had socialism implemented, not communism. Means of production belonged to state. There was no such thing as "distribute the profit evenly amongst all that work". Gates is right, and you are not.
@@PavelSenko well we will just agree to disagree then. We are already a socialist country. The problem with our version of socialism is that the poor and middle class do not benefit from it. The problem we probably disagree on is nuanced. Your calling communism socialism which I'd say is wrong and you'd probably disagree were a socialized country. But when the poor and middle class pay 25 to 27 percent of income on taxes and an additional 10.4 percent on food and 13 percent on gas and another 12 percent on cable thst tax went to pay for 900 military bases world wide it went to pay for r and d or the drug companies to further exploit us. Yes we fund research and development costs for new drugs. Yet we do not benefit from it. We pay for roads schools libraries cops fire departments government pensions and government workers salaries wen we spend too much we add it on the the national debt devalueing the worth of our dollar. Meaning you need more to buy less. This us unbridled capitolisim taking advantage and abusing the socialist structure required to have a society or a nation. All nations are founded in socialism it takes a social agreement and a social society thatagrees we all have basic needs and infrastructure to have a community. Socialism does not control production communism does socialism is we all agree we need clean water survive so we collect funds as a society to gold a lean water plant we all as that society benefit from the building of that facility. Yet we all can sell and buy as we wish, as capitalistic society as well. Communisim.forces it's citizens to both give up personal freedoms fornthe common needs of the people socialism makes no such demand. So my.pardon if I say no sir you would be incorrect. The issue I have with this countries. flawed understanding is the demonization of socialism. And how its portraid. The constitution and in its articles clearly states a citizens rights and thier responsibility to the union as a citizen. It also states how taxation is to be levied and what it's for. You really need to read this because it clearly is something no one in this country reads or understands. But since I've read the full constitution over 20 times can pretty much do this from memory. In the articles the original edicts of taxation is no citizen could be denied access to public roads unless the purpose of using the roads was to conduct commerce. So essentially the only ones paying fror the common welfare of the country would have been corporations or companies or tradesmen or farmers markets or craftsmen. Stay at home.moms or homsteaders that made thier own and grew thier own paid nothing. Finally when we had a great depression and a great war we needed more taxation for welfare and for a standing army. Social common needs were required since having poor and old and sick die in the streets was a common concern for all citizens s well as a major health issue so we got social security and Medicare. All brought about for the socialist common welfare of all people in the nation. Once isenhaur was out of office they allowed for a central bank and national debt. Since then we've been fucked overspending capitolism stealing our future by using debt spending for the last 50 years the more debt we accrew the worse our lives are. If I had a sociopathic mind and did not care about my county I'd do exactly what Trump did I'd borrow more money than I have tell everyone how important and successful I am buy realky expensive assets and hide them away in a remote location borrow more and repeat undervalued my properties when tax time came and over value them when selling and asking for more loans buy more assets declair bankruptcy. Then re invent myself and fund new suckers to lend me.more meanwhile all Tue assets I've salted away still have value and I ncrease.my wealth. Trump has defaulted on billions in loans yet he's a billionaire tho bankrupt 5 times. So when an asshole like Trump does that and defrauds the bank and eventually the bank has to default you.know what capitolisim does it socialized the loss and make you the taxpayer pay for it . . . See 2008 market crash and disaster. Yeah I see how I'm wrong now. Let's keep defending capitolisim. Excuse me I need to make some loans at a bank.
@@ianschaeffer2749 Yea, I wonder how a country that has oil as their biggest reserve suffer so bad economically when other countries stop trading with them just because their people elect a socialist right?
Andrew it did work. Lord got tax and people got safety and land to work on. Is it the best type of relationship: No. capitalism is the best out of all of the system currently in the world. Would you purpose a countering system.
@penny xiao That's not the inevitable result under a socialist system, meanwhile under feudalism it is inevitable that you're a peasant on a plantation. Tho i applaud your " well feudalism wasn't so bad either" defense of capitalism, quite original.
ioioiotu lol you mad bro😙. Feudalism work because plantation workers got land and protection while the lord got monthly rent. Now learn your history before you call me a advocate of feudalism. Feudalism isn’t a system I prefer but capitalism. Now calm yourself and also educate yourself while your at it.
Why don’t you bring in one socialist and one capitalist to debate instead of three members of the capitalist class. That’s like brining in three kkk members to discuss wether the kkk is bad
He didn't speak negative about him but he didn't defend him when she said he is a socialist. But he did say most of us are still talking about capitalism with a higher tax on the wealthy. He wasn't wrong that's the first step
it's no socialism vs capitalism ……………………………………………………………..none of the prominent leaders are proposing real socialism …………….………………………………………………………...the issue is pure capitalism vs capitalism with a large welfare state
first of all Bernie is not prosing socialism : he is proposing social democracy which is capitalism with a strong safety net and Bill couldn't completely destroy that idea because it makes sense : it makes sense to help people who need help and make it easier for people to get job training
Milos Dunjic you do realize that that is how you get rid of them right? At a certain point, they will get on one of their many private planes and go to a country where they dont have their wealth stolen from them by a greedy, inefficient, rich hating government. And then all you are left with is the people who cannot create the millions of jobs those billionares previously created.
Matej Smidbersky I love this I believe the government will always screw is over with taxes and the rich will always find the loopholes to avoid them there will always be loopholes
Capitalism is mostly better but we need some socialist policies otherwise billionaires get too rich and have too much influence that allows them to exploit the poor.I'm not saying socialism is better, capitalism is the best economic system we have, even if it does have it's problems. I just think having a mix would be best. Like 80% capitalism and 20% socialism.
Lazy population? Under Capitalism we are paying Unemployed deadbeats an extra 600 dollars a week to sit at home with their thumbs up their asses while they forced so called essential workers to keep working.
@@nee-grow is it capitalistic to tax money from a population and dish out an extra 600 dollars of UI to people doing nothing? No it isnt because it isnt a voluntary trade, the tax payer has to pay while the other side gets the money
@@nee-grow You just described the socialism aspect of our capitalist based society lol. And it's only temporary. In a socialism based economy, it would be that way and worse, permanently because people are inherently lazy. The US won't keep it's top ranked economy if it switches to socialism because it will no longer attract the best and brightest around the world, it'll lose it's own best and brightest to foreign interests, so it'll fall way behind in innovation. That should solve the illegal immigration problem however, as brown people from all around the world lose their incentive to come here lol.
Under capitalism, the incentive to produce goods and services is solely for the business owners to squeeze as many profits as possible from people who are already poor. Under socialism, the incentive to produce goods and services is to provide a high income to all of the workers, who would otherwise be at the bottom of the hierarchy. Capitalism restricts innovation and progression because the business owners get have all of the authority and run the business to make profits for themselves solely and not to provide legitimate goods and services to the public.
@@dannybrooks2784 thanks Danny. I must admit I don't pay much attention to the so called intelectuals that advocate for morally bankrupt totalitarian systems.
@@Viviana-pe5sh All socialist movements end up the same. The first moment someone wants to own a large part of the means of production, the moment tyranny must happen. Socialism is slavery and anti-freedom.
Yea if the lions knew what become vegetarian would do to it’s body which is to say destroy growth and push it into and economy where it is hard an pointless to innovate and progress in any way.
@@nykytamcdonald I was making the comparison saying these people knew what they where talking about and are experts in economics. A comparison is when you take unlike things and try to draw similarities from them even though they’re completely unrelated it’s kinda a hard concept.
The problem that drives the ever-increasing Inequality that is the inevitable side effect of Capitalism is that in reality there is little or no difference between "more profit for less expense" and "GREED".
Inequality is a sad reality of life. It has nothing to do with capitalism. If you abolished capitalism and government tomorrow. Hierarchies would naturally form and inequality between people would still be there. This is life.
@@ahmedqumbe3644 Only idiots think that a free market exists. The USA's media is dominated by five companies with thousands of subsidiaries who crush and assimilate any rival who pops up. What exactly is free about that?
@@kierangorman3052 Free market exists, there what is called monopoly by competition and monopoly by force, those companies you are talking about did not force people you can even compete with them!
@@ahmedqumbe3644 Call yourself lazy if you wish, not billions of workers all over the planet who put the obscene amounts of surplus-profit in your pocket every day.
Sans Freedom omg wow 2 wolves and a sheep deciding what’s for dinner, what a great analogy that I haven’t heard a million times how very original of you
@@jacobcook368 bill gates got rich stealing technology from Tim Patterson. Then he stole from Apple. And of course Apple stole from Xerox. I wouldn't say Bill earned his wealth by the most altruistic means.
Me? I am glad I am not in that room. Why? Because I could watch this video and stare that woman's long legs and short hemline and not be considered a creep.
Of course not. Socialists are plain stupid. Who wants to listen to them? They are far from reasonable most of the time. And most are downright deranged.
Warren Buffett makes quite a few very good points here. The market system leaves a lot of people behind. Taxes and the government must make sure that these people, that are left behind, still have a decent life.
The role of the government is to develop a system that benefits everyone may be not equally but still fairly. It's not to create a system only few in society can benefit from. China of all places threw their working class at the economy and in return gave them massive amount of infrastructures. US gov instead gives its plp lump of coal for their hard work which enriching the elites some of whom are not even US citizens but billionaire from Europe and Middle East.
@@Bug-sg1li depends on who u ask what the role of the govt is and should be. The USA isn’t doing so bad, ppl are flooding in like a Mf from all corners of the world. Come from anywhere and work a job or start a small biz and make bank. Or work at a job with little to no skill for 40 yrs. Choices.
It's a false dichotomy. In many respects we already are a social democracy. We have universal postal service, universal education, universal fire protection, universal police protection, universal (national) defense, universal road maintenance, universal elder-care insurance (medicare), etc. The wealth created by working people funds popular public goods that are selected through the process of electoral politics. That is democratic socialism and we already are that. The better question is - seeing as how you three have amassed such an unimaginable wealth and can wield tremendous political influence via campaign finance - how are you three not prime examples of American oligarchy?
Not to say I actually know either but, their transitive appearances make opinions which support one another throughout the video, makes ya wonder who's grooming who dont it!
True, but look how great thats working now, under so called universal public education, we have record high depression, anxiety, and frustration among teenagers with school administrations. Its the precise reason a teen would believe that shooting up a school is the only way to get attention from the administration after years of abuse by the student body, faculty, and the administration. So even though we already have it, it doesn't mean that it works 🤷♂️.
@@yasaf934 I went to a public high school that was well-funded and well-staffed. Honestly I think we overwork and underpay our teachers - that's what a lot of our problems boil down to. We set it up to fail. We don't have to do it that way.
The only reason the universal public education that WE know, isn't working is because it's under funded, and the teachers dont get paid at all what they really deserve
@@hurricane8634 I'm sending my Christmas cards USPS not UPS. Go ahead and send them UPS just ilke at a conference of the wealthy where they paid $13 for a hot dog with mustard.
You are ABSOLUTELY RIGHT. The solution lies in the REFORMATION OF CAPITALISM. Let's call it "CAPITALISM WITH A CONSCIENCE". One man completely changed the ECONOMY of a country after World War II. That man's name was W. Edwards Deming. To this day, he is the most revered American in Japan for TRANSFORMING the Japanese Economy in 4 years from 1950-1954. Deming's Principles would be the Pillars of this TRANSFORMATION to "CAPITALISM WITH A CONSCIENCE".
These 3 guys were "average people" at one point in their lives ;) ... they turned brains and hard work into billions, which anyone can do. They didn't sit around whining about how unfair life is.
thats the problem with modern politics. everyone thinks they way to make things better is new policy. more policy. more government. when in reality most problems can be solved by undoing the follies of big government in the past. the US healthcare and education system is a mess all because of expansion of government. economic crashes engineered by keynesian monetary policy. its more about undoing the wrongs of the past, than doubling down on them, whilst blaming a system that isn't even being implemented lmao
@@danielyeary148 Precisely. but the market isn't anarchic, it's carefully calculated chaos meant to put the most profit possible in the hands of our billionaire overlords.
The question is not capitalism or socialism. The question is why american news channels always write breaking news everywhere
Agnoletto well the answer is people are more likely to read it.
Because the news is broken
The question is to be or not to be
no thats not the question in this video believe me :)
"if it bleeds it leads"
Today we are going to talk about fascism with Hitler, Goebbels and Mussolini
And Franco
Today we’re going to talk about absolute monarchy with king Salman, Tsar Nicholas and Louis XIV
Mr. Stalin how do you think about socialism
Stalin: you may suspect me being self-interested, but my answer is socialism is GOOD
They love those people wet dream
Yeah that would probably be a good idea since they must have the best reasons and arguments for that.
“3 richest men in capitalist society” QUESTION : “does socialism work?”
I mean you have 3 of the richest capitalists discussing socialism and they are saying they need it and can’t reject it. Maybe get passed the thumbnail.
@max marrero Mindbending stupidity at display
@@dondraperbeats I dont see that at all.
@@michaelhill1708 buffet was asked to defend capitalism in his first statement. While defending capitalism as the greatest system ever made, he said twice that rules and regulations were needed, he in fact finished his point by saying that. Followed by Bill Gates literally explaining how they believe in progressive tax system (a product of a socialist system) and he also explained the difference between classic socialism, and the way people use the term now. It seems to me everyone thinks that capitalism and socialism are two opposites that can’t co-exist, clearly these people believe it can. Everyone hears them defend capitalism and turns off their minds. They clearly prefer a capitalist system with socialist qualities, but that’s not the same as if they were standing advocating for a full capitalist society. Not even close.
These vaccines aren’t about health. To the global capitalist imperialist, they represent the war materiel of the 21st century. More profitable than planes, tanks and ships combined.
Watching some of the biggest capitalist billionaires talking about socialism and capitalism is like watching convicted sexual predators talking about consent
How’s that an accurate comparison?
@@CarmaCasto how is it not
@@CarmaCasto capitalists take your surplus value without consent, not that hard to figure out
@@samuelsanchez4020 im not a capitalist but they do take it with consent lmao no one's forcing you to work for them
@@nunomoto8865 for most people it's either working for them or starving, so is it really a matter of choosing?
Should the sheep be eaten? We asked three wolves for their opinions.
Try harder
@@MrAzboGaming I thought it was a fairly comical response.
U are great!!!!
They are lions who rules the jungle 😉😉 One who works the hardest and smartest will definitely get everything 😏
@@HarshKumar-vd6rf ".. so yea, anyway. a while ago I started licking boots.."
Next up: Karl Marx, Vladimir Lenin, and Friedrich Engels on the socialism versus capitalism debate
Sam Shields 😆😆😆 exactly what came to my mind...
If those with proven deep understanding explain their positions based on facts, regardless of their own opinions, then there is always something to learn
Sam Shields don’t worry, all of them are burning in hell now
Sam Shields they have to pay 30k a year to get some advanced education, they don’t know who they are well 70% of the US population don’t know lol
Lol..🤣🤣
That room right there is worth more than some countries
@Big Boi yes it is there are plenty of countries that are worth less than the combined new worth of that room (approximately 187 billion)
@Big Boi you have no idea do you big boi
The three men?...not so much.
@@druwk they have a net worth of somthing like 180 billion (not searching it up because I'm lazy) and there are multiple countries with gdp less than 1 billion. So in other words they have 180 billion times all economic activity in those countries. I would say that's enough to buy the country.
Thaddeus Stevens, not really what I was driving at. What would they be worth without the construct of money?
That moment when you gather three billionaires to defend capitalism...
Lol 😂 it's like a gun fight between pre primary bullies vs a team of navy seals
U literally don't need to be a billionaire to defend a system that u depend on everyday
Hahaha, otroligt
@@T.N.S.L.P.P.B.N.T.S.O that’s like defending Stockholm syndrome
@@codyburkett7642 that's literally the worst assimilation that I've heard but let's put it in this perspective you say you hate capitalism yet you're using a device from a private company that operates internationally where people literally spend on money
It's like asking a lion what he thinks about veganism...
The lion likes to eat vegans, so veganism good lol
Haha
"It's ok in theory but fails in practise"
@@tDude666 Well, they presume emphasis on growth and consumerism is the basis/measure of a good system, which I think it is not.
@@thedandyone1 Isn't the goal of the system to give the people in it a fulfilling life? Shouldn't the measure of it being good thus not be to what extend this been achieved, instead of how much more they have produced? Production doesn't equal perceived fulfillment; I might even argue that in many cases it has the opposite effect.
Edited this comment. Now no one knows what I said to get so many likes and why these people in the comments so triggered.
Because it's hidden under their Armani suits, genius
Because they don't need the social proof
Cuz they don’t dress that well, they just dress typical... also they still wearing really expensive suits so like.... you WISH that was an IZOD or USPA collared shirt Gates is wearing
Their belts probably cost as much as a Gucci belt but look like a belts you could get from Walmart. Don’t let looks fool you, their shit may look average but that doesn’t automatically mean the price tag is average.
Diar fucj
Next up: Ronaldo, Messi, and Federer discuss whether sports should get so much attention.
It’s like a religion to some players
😂😂😂
It's almost like that's the point
best so far!!!
@TJ shut up. It provide billions with entertainment and a hobby
“Is Neo-N8zism ethical? We asked 3 white supremacists their opinion”
What ? Warren and Munger are not white supremacists. They are for humanity. I doubt Bill Gate is a racist either...I'm black male.
@@goodone8041 bruh.
@@goodone8041 why on earth would you care one bit it gates is a racist? He is 1000% all in on reducing our planets population..This means the 'removal of huge amounts of our population' yes, eradication of living human beings, rationalized by his lifelong research into climate change, vaccines for infectious diseases, greener farming by his genius plans, ex. You may have seen recently the article about gates plan to block out the sun at certain time periods to combat climate change...it was all over the news cycle recently due to it being censored awhile ago when it was first reported...then he spoke on it very recently and the internetz broke due to the reversal. Very common thing as of recently, I am sure we have seen the list of things trump said only a year ago that the MSM shouted and 'debunked', smeared trump every time....only to be corrected a year later that it was the truth.
Rmbr this POS gates is behind 5/7 vaccines. This man has a terrible track record in places like Africa, where ppl got terribly sick and/or died taking this man's vaccines. He is NOT a scientist, NOR a doctor. His wife just filed for divorce, nd her lawyer made statements about bills relationship with Jeffrey Epstein being one of the reasons for the split. Also reported recently how he owns more farmland in the U.S.A. then any other human....he won't share the ingredients of his vaccines...which have been banned from many many countries. Also speaking negative against his vaccines on platforms like this one, has been getting people demonitised and or banned.
But don't worry folks, nothing to see!!!
@@nickd8238 nerd
@@nickd8238 the "intellectual socialist" always has difficulty discerning the difference between good and evil!
Next up : Saudi Arabia, UAE & Qatar debate the merits of Democracy
No pakistan,Russia and china would be better.
@@historyeditz8326 Yeah, China and Russia can be but, Paakkissta.......hahaha Good Joke
Hahaha
You are right: Saudi-Arabia, UAE and Qatar openly say that they are no democracies. This is so reactionary. In comparation, China, Russia and Pakistan are the true democracies.
USA too
“Does Nazism work? We asked Hermann Göring, Heinrich Himmler and Adolf Hitler”
lmao
These guys are Nazis, tho.
@@mikebastiat LOL no
Lmao
yeah, but capitalism is good. socialism is bad. its pretty simple why.
i wonder what conclusion these billionaires will arrive at
Yeah, they should've interviewed one of the several billionaires socialist countries were able to produce 🤣
@@stayanddrown who might they be? The US (capitalist) has produced more then 700 billionaire. The next 4 countries combined just barely have more
@@marcusj1167 I figured the laughing face emoji would convey the sarcasm in my comment. Guess not. Lol
They probably know more then 80% of the population.
They actually called for higher tax rates
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.”―Warren Buffett.
warmongering
Only until the people have had enough and rise up and take back their country and if the Globalist scum cut off the food then Democrat will be a main course on the menu yum,yum.
We must destroy them
Warren Buffet is the one that appears to be (or at least expreses) the most humanístic. A pure market-based economy Will continúe to widen the gap between the Chaves and the have nots. I am for humanístic capitalismo.
@@marvaspence5252 Your is pure rhetoric in bad faith. Is not chaves, but the class warfare buffet is talking about that is widen the gap impoverishing those who work and enriching those who speculate. He is the first admitting it and you call him a humanist? There is no "humanistic capitalismo" capitalis is the base for the wars, coupes and terrorism. Evidences are overwelming.
Best way to debate capitalism: Bring on 3 of the biggest corporate overlords you're gonna find, with no opposition, and in the case at least of Bill Gates, Jeff Bezos, the Waltons, Bloomberg and Elon Musk mistreating their workers, depriving them of healthcare, and in some cases not letting them pee for 5 minutes, like at Amazon.
Let's ask one of the three biggest capitalist in the world whether capitalism works or not. Yeah it works great for them. And don't get me wrong it helps in some ways but it's also very wasteful. I don't see a bunch of billionaires all of a sudden deciding to treat their lowest wage employee so they can have a a Fighting Chance. None of these guys up here came from an impoverished background. I think Buffett had a farm at 16 years old or something. Bill Gates did not come from an impoverished background. Middle to upper class. Try to find those families in America today. You're either rich or you're not
Start your own business. Problem solved. Stop complaining about others if you’re asking them for a job
@@CarmaCasto 1. This 11 month old comment I made does not bear on my own life: I am talking about hundreds of thousands, even millions of workers being exploited and neglected. 2. Problem not solved: You can't just snap your fingers and start a business. I don't see how that's so hard to understand. In the US particularly, where the most basic healthcare is tied to employment, starting a business is literal suicide for most of the workers we're talking about.
When I say "hundreds of thousands, even millions of workers" I am talking about the US, but the country is nowhere near unique in the world on this front.
@@CarmaCasto lol okay. Dont have a car? Just buy one. Dont have a house? Just buy one. Your logic doesnt make sense. Find a new hobby and quit trolling bud.
wow i cant believe that 3 billionaires love capitalism. incredible, groundbreaking journalism!
they were even aware of their self interest but don’t care it’s disgusting
I sense a hint of sarcasm.
They are billionaires now because of capitalism
Capitalism brings out the best in people.. It is capitalism that made the world recognize Warren buffets talent in investing. Same with Bill gates who is a talented programmer..
Boohoo. Losers.
Next up: A lion, a tiger, and a wolf debate carnivores VS herbivores
Won't the tiger argue for herbivores -- because it's a solo-hunter -- less competition?
brilliant !
hello how are you and your happiness family my greets go to you there all
am happy to send you the message for the first time in here my name is paousman am living in Gambia
west Africa am living with my mom and two little brothers we are not having Dad our dad pass away at the moment the country have corona virus and is too hard for us to have foods to eat in the family we dont have any one supporting us for this and we are dying in hunger i need help i can buy the foods for the family we can eat we are now longer in the hunger and we are dying i need your help for sake of god
Nailed it!
I choked on my coffee when I read this 😂😂
“We asked three nazis what they think about opposition to fascism”
Apparently you have no clue what fascism or nazis are. You probably don't know the foundation of many dnc policies are rooted in the admiration of the nazis. In fact, I'm willing to bet you have the same core principles as the socialist nazis and fascists of old.
@@2A.Freedom stfu
@@nathanc_5754 No I'm good 🤣🤣🤣🤣
Found the tankie
@@2A.Freedom Bruh he was making a damn comparison. It’s saying that the elite capitalist’s opinions are obviously going to praise capitalism.
I’m a simple man, I See 3 billionaires and the word socialism and I click.
Same here, why would us “idiot civilians” want to listen to these people.
@@ryeckley7267 Maybe you could learn something from them and possibly become wealthy? If you wanted that of course.
@@ryeckley7267 to learn something
@@ryeckley7267 to learn. Waiting on the government to create socialism is taking too long. Why not we play the game and create socialism ourselves? Then again that might be too much work for some people.
I'm a simple man. I see the smoking hot Becky Quick and I click. :-p
Three billionaires discussing capitalism vs. socialism. This is not a debate, this is a British comedy bit.
I wouldn’t take any advice on wealth creation from them, I mean, they’re ONLY billionaires (Who donate massive amounts of their own wealth, the wealth they created by taking the leap of faith others are so afraid of and providing value/jobs to the rest of the population without any guarantee of success).
I’d agree having someone who has experienced socialism in there would be a great addition but I’m pretty sure they would all still agree.
...with a very fair reframing of the whole idea that they are opposites or mutually exclusive. At least as the terms are used today. They defend capitalism against original “means of production” socialists, but absolutely support both capitalism and socialism by the definitions we throw around today.
im not a billionaire, but I agree with them. free market system that capitalism has is the best thing to decide who gets the rewards and who doesn't. it just makes sense. if you come up with an iPhone or a PC and literally change peoples lives, you deserve all the money and rewards in the world, this could never happen in socialist regime. we would still live in 1900s
Jesus, everybody seems to confuse socialism with a state-run economy, socialism can be an market economy. Capitalism can be an state-run economy the differance between the two is who owns/has/controls the means of production (factories, machines etc.)
sten260 socialism can have a free market and a democracy, socialism doesnt mean a totalitarian regime with a state run economy.
If you became a billionaire because you wrote a great book or something (all by yourself) than you deserve it
But if you became a billionaire by underpaying the workers in your factory, or otherwise called employing, than you are essentialy robbing your employees of their piece of the profit
How is this titled "Capitalism vs Socialism" if there is only one side talks?
Jerks..
Because socialism shouldn't be talked about in this great country leave that to the evil Marxists
@@Erikjohannesberg Read Das Kapital you buffoon. Without Stalin, you would be speaking German.
@@mattweber1484 lol, that's your argument? And your boyfriend vaush hasn't even read das capital, I don't know why you're asking randomers to.
@@Daniel-ih4zh 🤣🤣🤣 Derrrrp.
Charlie munger is so smart he doesn’t even have to say anything, he just has his minions speak for him .
😂😂😂😂
And he pays no taxes. Freeloader
Lol great 😆🤣
@@lenering2191 like 47% of the country.
How is he smart he literally said the same thing for 9 minutes and it wasn’t even right
Should billionaires exist?
Billionaires: yes
Amazing revelation lmao
Yes they should should exist. Capping wealth is not the answer,taxation on their personal and business income will contribute back to society couoled with strict regulations and that is enough.
Democrat billionaires
Hahah!
Do you know how many jobs have been created by billionaires?
@@andersfranz5367 Thanks for all the minimum wage jobs with no benefits, Jeff Bezos! I'm so happy that you let me chow down on the scraps that fall on the floor!
As Warren Buffett himself said many times: "Don't ask a barber if you need a haircut."
Ya that's exactly why we have such a massive disgusting welfare system. We asked the poor if we should steal money from the rich.
Burn
@@benjaminr8961 👏👏👏
@Benjamin r the rich exploited the labor of the poor with starvation wages to get rich so they actually owe a lot more
@@maladjustedmoon5200 nobody is owed a job and they were not forced to work.
Quote of the year:
Buffett - "I think people don't know what they're talking about"
Well tbh I would imagine I would not know what the hell I'm talking about compared to Buffet either... it's not really a slight but I dont manage billions of dollars of cash flows, I'm younger and all I have is economic theory.
I might be able to show him a thing or two about statistical models though *hopefully.
Him included
Including themselves
@Cool.Hand That's because the logical outcome of capitalism is to enter into decline, depression and war.
@@kimobrien. And yet. And yet. You don't see people lining up to emigrate to socialistic countries. All the leading countries in the world are c capitalistic. The only socialistic country (China) really took off once it took on capitalism.
We asked 3 gun store clerks on what they think of gun control
😭😭😭
None of these men could be here if it weren’t for capitalism
You wouldn't be commenting on UA-cam if it wasnt for capitalism.
Their mothers still took the nut, nothing about capitalism aided in that.
@@erikkovacs3097 well there is a municipal internet in some towns now. So realistically, capitalism only works when something begins but it's not a long term sustainable system unless you cheat within it to remain top.
@@electric6877 That makes no sense. First of all municipal ISP are service providers they didn't invent the underlying technology. Second you say it's not sustainable in the long run an assertion based on nothing but also assuming somehow central government planners can do better in the long run which is demonstrably false because it's been tried over and over again.
Could be you too
Hearing Charlie Munger speak makes me want to clear my throat.
I wanted to clear my throat as soon as I read this comment
Lol. Why?
Makes me want to clear my stomach.
hahahaha
He sounded like a broken down robot
Glad we’ve asked three very unbiased people their opinions on this
Three very successful people who have contributed immensely by their products to better the lives of billions.
samuel ashagrie well two of them don’t create anything they are CEO and Vice President of Berkshire Hathaway, a holding company that buys businesses that actually do create things and then Berkshire take the profit from their workers so no, yes Bill Gates invented products that have greatly benefited the world but the other two haven’t. But even though bill gates has made great strides with computers and technologies does he deserve to have over $100 billion when millions of people starve to death? Is that really a good way to distribute the finite resources we have on this planet?
Harvey Holmes do you realize how much money Bill Gates has given away to charities to help those suffering both domestically and abroad . Without Bill Gates there would be no Microsoft and hundreds of thousands of people have been employed due to Bill so he should never have to apologize for his wealth. People like you don’t care about others you’re just jealous at his success and don’t want him to enjoy in his produce. SMH
samuel ashagrie do you how much money Bill Gates has made by his companies paying people slave wages in Asia and Africa to assemble his companies products? I’m not even saying he personally should apologise for his wealth, I’m saying the system that allows some to have that amount of wealth, the system he’s defending in the video, is broken, inhumane and a terrible use of the worlds finite resources, Bill Gates doesn’t need or deserve over $100 billion, the fact he’s given away a lot of his wealth and still holds on to over $100 billion worth of assets just proves further he has a ridiculous amount of wealth. Saying it’s out of jealousy is the most childish argument that comes up whenever the absurdly wealthy are discussed and it’s ridiculous, I don’t want $100+ dollars, I want that money to be used to help people and not held by 1 person who sometimes gives money to some character to make himself look good, also he’s not enjoying what he’s produced, he’s enjoying what other people have produced, he’s enjoy the things the people in Asia who put together Xboxes produced who he pays next to nothing too. Also you haven’t addressed anything to do with Warren or Charlie so I’ll assume it’s because you can’t defend them
Harvey Holmes people who try and tell others how to spend their money is the most petty and moronic thing. If you think Capitalism is so evil why has it lifted billions from poverty and what other system could be better implemented to help thrive the economy further than it is now.
"3 wolves discuss how best to eat the sheep"
Next up: Superman, Captain America, and Spiderman on the superhero vigilante debate.
in a world with Superman... there still wasnt universal healthcare... instead the government just was paying the billionaires to fix their buildings. Superman is trash.
That’s actually something I would watch...
Whenever buffet speaks, I feel like I need to breathe.
You should consider quitting cigarettes. It's not good for your health.
@@milkncookie thanks for caring stranger. you're awesome. But fortunately, i dont smoke.
I find it quite funny that he sounds like Noam Chomsky
Maybe it come true, those demons from ''the good club'' have created a super virus called Covid 19...
@@marcod5027 I figured Gene Hackman
Can you believe Warren Buffett is 88. I can't.
Its believable because he is unbelievable
He’s not 88, warren is immortal.
Ryan Monroe 88 is warren Buffett
munger is 95 lol
he looks closer to 100 honestly...he's struggling
A king, a duke and a baron explain why feudalism is better than capitalism
"Warren, what do you think?"
"Bill, how about you?"
LOL
3 billionaires talking about socialism and capitalism very funny
3 talking not about life after life and the Feather of Maat.
Not funny.
Ikr.
Not too mention 3 of the most capitalist billionaires. Same dudes who are constantly pushing capitalism on us telling us that mask mandates, curfews, vaccines, lockdowns are good. Sorry we don't want any of your capitalism guys.
@@nee-grow I believe you're referring to Communism.
Wow I wonder which side they will be on?
Socialism vs Capitalism
"who should we interview to get a diverse array of opinions?"
"Idk 3 billionaires probably"
I wonder what narrative they want to push 🤔
The one in which you clueless buffoon get to use the products of their minds to complain about them.
Ferretscales instead of complaining about the optics how about you try to refute The substance of their argument?
@Roxanne Daniel You can't have a functioning society without some socialism.
@@NeonNights80 really?
Lol how
Everyone wants diversity
Just not intellectual diversity lol
To invite only billioners to hold such a debate it is an insult for humanity.
Did u ever saw rich people suffering in left countries?
Actually centralizing and controlling everything, would be easier for them to manage the world the way they want
Soviet Russia, was full of oligarchies
@@ShayNoMore1 big bs.
Oligarchs were created when they privatised national companies after collapse of Soviet Union
@@ConstructiveMinds100 they were already rich before
Also oligarchies are not capitalism
It's a protection of companies by Putin
Open the market and let them die off
Is it just me or every time I see bill gates he’s wearing that same outfit lol
If you've got 10,000 of the same shirt why not?
he probably owns a washing machine
Well apparently Einstein woe the outfit all the time too so there might be something there. lol
The reason being, it saves time.
He’s like Mr Rogers... except it’s a pullover and not a zip up.
He never changes his undies either...probly doesnt need to...never goes out ..can't really, coz if he did he would be grabbed by the mob and impaled on giant syringe
Next video: Ramesses of Egypt, Julius Caesar, Genghis Khan on the Slavery vs Freedom debate.
They tried to bring pro socialist but all died of hunger.
Daemon Dif I cried lmao
Biswarup Das They also wanted to invite a normal person living capitalism, but that person had to work.
Biswarup Das and spoiler alert: There are poorer people on average under capitalism than socialism
@@AquilaZero atleast they are alive 😂. So according to you there are more poor people in USA than in Venezuela or Cuba. Nevermind.
Imagine having 3 billionaires and being a reporter who doesn’t know what social democracy is
Scout Dog what are you talking about
@@asherdog9248 Ya dog we all pay taxes except you and Jeff Bezo's.
Kim O'Brien “We all do it, so you must suffer with the rest of us.” That’s the logic of a tax supporter. I’ll always try to keep my money from those crooks.
@@christopherorick8652 Capitalism can't work without taxes. There is no other way to transfer value to the areas of the economy that can't produce a profit as direct return on investment in three month intervals. Profits flow to those areas where the cost of labor can continually be cut in the service or commodity produced.
Now think of a public transportation system. Mass transit is necessary as the most cost effective way to get people to work in a city. You can cut the cost of everything made that goes into the system and the repair costs. What is an almost impossible cost to cut in the last 70 years without cutting the bus or train drivers wage is the daily labor operating cost.
This among other reasons is why almost every town and city in the US that has public transportation requires a tax subsidy. Most of those systems were founded as private systems that became unprofitable for that reason. They were declared bankrupt and placed into the hands of the government as a quasi public/private partnership.
The second issue with taxes in a class society is who pays them? Here is where you can see that in the earlier days of capitalism the capitalist paid a great majority of the taxes because the exploitation of the workers was such that anyone thinking that the workers would pay anything but sin taxes would be laughed out of the room. In many industries we weren't even paid in what you'd call real money but instead company script usable at the company store only. We have won a few battles since then but having a payroll check bounce is still not an unusual experience.
Tonight, we asked the united states, russia and china on the merits of being a democracy.
America is a democracy. China russia arent
@@joostlieverst6866 Oh dear, someone didn't bite the hand that only feeds lies.
Based comment and also nice pfp
@@joostlieverst6866 hmmm, i wonder what happens to a latin american or mena country when it becomes a liberal democracy with a gold backed economy, the US would export "freedom"
Good one.
Only CNBC would bring 3 men into an interview that are rich beyond belief because of capitalism and ask them if they like socialism
Gates understands and responds well
Maybe they should bring Venezuela citizens in and ask them if they like Socialism?
I am middle class and I hate socialism. It would make me working poor because they would tax away my discretionary income.
@@Bad_Idea yes me as well...but the new heneration is educated and stuck in the lower class bracket...a growing amount anyways.
Those are the people that will push for it.
I thought this interview was perfectly objective. Why not have 3 rich guys tell the truth and give their honest answers on socialism? They are all older and extremely wealthy and at this point they really have nothing to lose. I was a bit surprised by Gates's comments on taxes and Buffet's honest assessment of the "have's and have nots." I hate the thought of our country going down the road of increased socialism because it seems popular at the time or because a politician is trying to tap into younger voters. I also appreciate what Munger said about both parties hating each other.
Why do all their voices sound like they've been put through a cheese grater?
They got money at least
That’s because they are old DUHHHHHHH
🤣🤣🤣
The human skin covering their reptilian body is too tight, that's why
They're old dude.
$1 billion automatically showed up in my account after watching this video.
You are lucky
you must be in the government
@voi vod shhh
@voi vod LOL
I wish
Wow this is great! I bet that there are absolutely no political biases in this video!
" lets have billionaires debate socialism"
Are you kidding me ?
socialism is good as long as only their competitors adhere to the rules
Socialism works very well until the capitalists realize that anything they do won't be enough to satisfy the Socialists!
ask putin
The one we should really take a close look, is Warren Buffett words (he is an economist btw)
@@Matthew-bq6tf no he isn't - he is an investor.
completely different.
You expect a billionaire to call himself a socialist? This is ridiculous
NO Billionaire would call themselves Socialist.. They refer to the end goal which is COMMUNISM..Karl Marx's own definition Socialism is a transitional social state between the overthrow of capitalism and the realization of Communism.
Warren Buffett is giving most of his money away
They are part of the system of slavery
Didn't Musk call himself a socialist?
To be fair, I don't think that guys of this world, so things don't really apply to him.
@SeriouslyUnserious If I was a billionaire that got my wealth off capitalism, how tf do you expect me to criticize the system that got me here in the first place? This "debate" is inherently biased, and a conflict of interest even for them to consider socialism. Idiot.
Glasses✅
Comb over✅
Hearing Aids✅
BearPapa1990
Bravo
Forgot old white males. Get woke breh.
Hardwork ✅
Intelligence ✅
Market Analysis ✅
Great Economic Sense ✅
@@rednola9892 & 1 day you'll be a old white male.
@@_91K_ Recieved billions in socialist handouts, hand over fist, for decades? Triple check.
“Should we let people accumulate insane amounts of wealth and live in luxury while the workers who live under them fight for scraps?”
Three billionaires: “yes”
Very insightful thank you
Did this 3 people steal all of their wealth by pointing a gun at people's heads? Or were individuals free to buy the goods and services that they offered? Bill Gates didn't force anybody to buy his software, people just thought that they'd be better off if they spent their money that way and both parts were benefitted, and to produce these software he even created tens of thousands of jobs, so society as a whole benefitted from free enterprise.
@@Bolognabeef Yes Bill Gate’s creating a monopoly on internet services and crushing all competition with brutal business tactics was soooo great for society, thanks Bill Gates. Also look up “manufacturing consent” and you’ll see that often times consent is an illusion for working class people. “Sell your labor to a capitalist or starve” isn’t really an actual choice. As for the consumers, the consumers never really had a choice either considering Bill Gates built a monopoly. Just because Bill Gates wasn’t literally holding people at gunpoint, that doesn’t mean he didn’t coerce people and use brutal business tactics for his own benefit.
@@Bolognabeef Hypocrites, all three of them
"Wall Street financial elite played a major role in three significant twentieth-century historical events: the 1917 Lenin-Trotsky Revolution in Russia, the 1933 election of Franklin D. Roosevelt in the United States, and the 1933 seizure of power by Adolf Hitler in Germany.
Each of these events introduced some variant of socialism into a major country - i.e., Bolshevik socialism in Russia, New Deal socialism in the United States, and National socialism in Germany.
Contemporary academic histories, with perhaps the sole exception of Carroll Quigley's Tragedy And Hope, ignore this evidence. On the other hand, it is understandable that universities and research organizations, dependent on financial aid from foundations that are controlled by this same New York financial elite, would hardly want to support and to publish research on these aspects of international politics. The bravest of trustees is unlikely to bite the hand that feeds his organization."
Anthony C. Sutton in “Wall Street and the rise of Hitler
@@Bolognabeef this is literally what you guys complain about when it comes to taxation so don't even start
@@Bolognabeef Yes Simone. (Sono italiana anch'io, ciao!). Most billionaires make money by exploiting others, paying them often less than a minimum wage and not respecting rights. Look at how Amazon workers are exploited for example, research, there has been a lot of talk about it. Amazon even destroyes 130.000 items a week in UK (laptops, phones, etc.)to keep certain prices. It's even worse if you look at other countries and not just the West. Look at how Steve Jobs made chinese children build his smartphones. Bill Gates stole his ideas from Xerox. The materials used to build computers and smartphones come from indian and african mines with child labour. Rihanna became a billionaire and her very famous makeup line uses mica, a mineral, taken from India by children. They built empires on others exploitation. Meanwhile, working class pays more taxes than them. We have been told communism is wrong because Stalin bla bla. Actually Lenin, Stalin, Mao, were deranged right wing in the marxist movement and were often criticized by other marxist which were the libertarian left in marxism (and so they got rid of them). Socialism and communism(S) are today different by the way. Socialism is simply a redistribution of wealth to reduce social injustices (example: through taxes). Today's welfare state programs come from socialist ideals. I suggest you to read Noam Chomsky. There is also a channel with all his interviews. I suggest "Noam Chomsky about Lenin".
It's like when you have $100s of billions you become so relaxed you forget to push the air out of your mouth.
@max marrero lmao, keep dreaming
@max marrero Where do I go to sell my soul to Satan?
🤣
The government controlling the means of production is NOT socialism. The government reallocating resources is NOT socialism. High taxes on the rich is NOT socialism. Government programs like Social Security and Medicare is NOT socialism! Socialism is the collective ownership of the means of production and distribution, which means the working-class dictates the political, economic, and social system, not billionaire oligarchs.
You are missing that during socialism the government is the one who owns the means of production like Venezuela.
@@rexboston Venezuela isn’t socialist, and there’s a massive difference between a workers state under socialism and a bourgeois state under capitalism. You probably live in the imperial core, so it’s hard to fathom a government that’s for the people and not corrupt, but it does exist.
Cnbc, who decided to sit three elderly persons on that uncomfortable chairs
Rzv R they didn’t want them to fall asleep lol
Brian Byon Bill Gates it’s retired, it’s taking care of his foundation
@@Roma-cj2sn why aren't they dying.. or getting assassinated?
Hahah why do you guys hate these three so much? I mean I get it, you’re sad UA-cam trolls and that’s what you do but what did you hear that triggered you so much?
Jimmy Schitz that's what loser's do.
Lol such liars, protecting their own kingdom.
Next up: Chris Christie, John Goodman, and Steven Seagal on the cake vs salad debate.
🤣🤣🤣🤣🤣🤣
I'm sure that one's more informative than this one. I tried to come in with an open mind... i guess I'm not on their level.
you forgot mr tater salad ,ron white.
Lmfaoooo
🤣
Invested with Buffett 25 years ago with all my assets, now 27 years later I live a good life only because I was rational and logical. Growing up impoverished Mississippi did not numb my brain.
That's how you do it! God bless America.
Understood, however not all people want to rely on other people to make them rich.
Taking the advice of smart driven people and using it to your advantage. 👍
GOOOOD!KEEP UP!
Good Job you invested in the most immoral practices in Human History. You helped fund wars. You empowered companies willing to exploit humans and natural resources. I hope your soul feels accomplished.
Munger is still absolutely hilarious.
I love the post office.
@@pakpala1 dirty socialist :D
Socialism is a broad range of ideas on how an alternative system could replace capitalism.
These guys support an authoritarian top down hierarchy, which is based on the premise of Social Darwinism.
The really old farts can barely use a computer.
The reality is that Buffet and Monger spent many years developing mechanisms to extract money from a really crappy game that even they don't actually understand.
Gates was a software engineer who made a program, which he apparently plagerized.
So the idea is that these guys are Ubermenchen because they manipulated money and for Gates he was in the right field at the right time, working on the right product.
The answer is expansion of Democracy and personal liberty.
Not dictatorship of the wealthy.
Love me munger
@@macrogenii "These old farts can barely use a computer"
Uh...Bill Gates was one of those "old farts" - you may have heard of him...founder of Microsoft??? You know, that massive tech company.
I know Socialists are the brightest bulbs in the room, but fuck me, the cognitive dissonance is incredible with this one.
I'm here to learn how to trade and also to invest. After listening to a guy on a live program about the importance of investing and how he made $950k in 2 months from $142k, somehow this video has helped shed light on key points, but I'm still confused as a newbie and I'm open to meaningful ideas.
Job will pay your bills, business will make you rich but investments make and keep you wealthy, the future is inevitable.
The market is all about crypto now, you might want to look into it.
As a beginner who doesn't understand how Bitcoin/forex trading works and you really want to make profit from it. I will advise you to first start working with a professional broker.
You need someone with the knowledge and strategies, someone dedicated to the cryptocurrency market business, and I will strongly recommend Rheagan Max Deplonty
Investing in crypto with expert Rheagan Max Deplonty has been one of the most profitable things I did.
‘‘We’ve just started what capitalism can produce in the United States.. it just needs certain rules & regulations’’ - Buffett 💰
It needs to be dismantled as soon as possible if we want to survive past 2050.
Jani Ukkonen ye man :)
@@Elintasokas No sources to back it up as usual
Jani Ukkonen lol capitalism will be the solution to global warming. The world already realizes value in producing carbon neutral, and cleaning environmental destructions.
Jani Ukkonen I don’t think you’ve ever taken a history course where they told you that capitalism is a practice that has last centuries or longer. Maybe in your couple decades of life, you shouldn’t be so quick to brand it as the end of civilization when it’s kept poverty to an all time historic low
In what sense is this a "Debate"? You don't have anyone adequately representing the other side..
Because the other side losses everytime they try
@@nathanlafortune100 If that were truly the case, they would let them keep trying..
They’re arguing against the socialism of 70 years ago too, not even modern socialist ideas
@@addisonshinedown What is modern socialist then?
They’re not debating here it says Buffet, Munger and Gates ON the debate between capitalism and socialism they’re not debating it they’re stating what side they are, they’re stating their opinions. Glad ur reading comprehension is so good 👍🏻
Let's talk about Socialism vs Capitalism with three hardcore capitalists.
*Big Brain Level: America*
Why're you defending socialism as an Indian after seeing how much it hurt our country?
@@vishalmuralidharan4515 Read my comment again, but slowly to actually see what I said
Welcome to the propaganda machine that is the US media
that’s the point, they wanted to cover the topic with 3 capitalists
@@vishalmuralidharan4515 you realise socialism in more developed countries is guaranteed. america is one of the only 1st world capitalist countries
The people calling for socialism aren't from Cuba, Venezuela, or Vietnam. They're enjoying the good life in the USA made possible by free market economics and hard work. That's why people the world over want to come to the US. Not many migrate to socialist countries.
Cuba and Vietnam are doing alright actually.
yes, you are so right. everyone in the US is enjoying “the good life” and nobody has any struggles or problems whatsoever 👍 boy do i love being blissfully ignorant
3 staunch capitalists debating “Socialism”?...ok now.
Yeah hahaha something hidden in plain sight
4
yeah right. 3 people that exploit thier workers. right off the bat gates doesn't describe socialism. which honestly would be a government not controlling production . a lie. socialism is to distribute the profit evenly amongst all that work for a common goal that's socialism. what dates describes is communism. complete control of production and all workers and ideology and freedoms for common welfare. that us not socialism.
@@mccollumparkfarmersmarket7836 USSR had socialism implemented, not communism. Means of production belonged to state. There was no such thing as "distribute the profit evenly amongst all that work". Gates is right, and you are not.
@@PavelSenko well we will just agree to disagree then. We are already a socialist country. The problem with our version of socialism is that the poor and middle class do not benefit from it. The problem we probably disagree on is nuanced. Your calling communism socialism which I'd say is wrong and you'd probably disagree were a socialized country. But when the poor and middle class pay 25 to 27 percent of income on taxes and an additional 10.4 percent on food and 13 percent on gas and another 12 percent on cable thst tax went to pay for 900 military bases world wide it went to pay for r and d or the drug companies to further exploit us. Yes we fund research and development costs for new drugs. Yet we do not benefit from it. We pay for roads schools libraries cops fire departments government pensions and government workers salaries wen we spend too much we add it on the the national debt devalueing the worth of our dollar. Meaning you need more to buy less. This us unbridled capitolisim taking advantage and abusing the socialist structure required to have a society or a nation. All nations are founded in socialism it takes a social agreement and a social society thatagrees we all have basic needs and infrastructure to have a community. Socialism does not control production communism does socialism is we all agree we need clean water survive so we collect funds as a society to gold a lean water plant we all as that society benefit from the building of that facility. Yet we all can sell and buy as we wish, as capitalistic society as well. Communisim.forces it's citizens to both give up personal freedoms fornthe common needs of the people socialism makes no such demand. So my.pardon if I say no sir you would be incorrect. The issue I have with this countries. flawed understanding is the demonization of socialism. And how its portraid. The constitution and in its articles clearly states a citizens rights and thier responsibility to the union as a citizen. It also states how taxation is to be levied and what it's for. You really need to read this because it clearly is something no one in this country reads or understands. But since I've read the full constitution over 20 times can pretty much do this from memory. In the articles the original edicts of taxation is no citizen could be denied access to public roads unless the purpose of using the roads was to conduct commerce. So essentially the only ones paying fror the common welfare of the country would have been corporations or companies or tradesmen or farmers markets or craftsmen. Stay at home.moms or homsteaders that made thier own and grew thier own paid nothing. Finally when we had a great depression and a great war we needed more taxation for welfare and for a standing army. Social common needs were required since having poor and old and sick die in the streets was a common concern for all citizens s well as a major health issue so we got social security and Medicare. All brought about for the socialist common welfare of all people in the nation. Once isenhaur was out of office they allowed for a central bank and national debt. Since then we've been fucked overspending capitolism stealing our future by using debt spending for the last 50 years the more debt we accrew the worse our lives are. If I had a sociopathic mind and did not care about my county I'd do exactly what Trump did I'd borrow more money than I have tell everyone how important and successful I am buy realky expensive assets and hide them away in a remote location borrow more and repeat undervalued my properties when tax time came and over value them when selling and asking for more loans buy more assets declair bankruptcy. Then re invent myself and fund new suckers to lend me.more meanwhile all Tue assets I've salted away still have value and I ncrease.my wealth. Trump has defaulted on billions in loans yet he's a billionaire tho bankrupt 5 times. So when an asshole like Trump does that and defrauds the bank and eventually the bank has to default you.know what capitolisim does it socialized the loss and make you the taxpayer pay for it . . . See 2008 market crash and disaster. Yeah I see how I'm wrong now. Let's keep defending capitolisim. Excuse me I need to make some loans at a bank.
Just three billionaires in touch with the average American right.
Watching millionaires talking about socialism is painful.
Billionaires*. Also how?
@@user-tv9to1oe2h their all billionaires
Watching Venezuela is painful
@@ianschaeffer2749 Yea, I wonder how a country that has oil as their biggest reserve suffer so bad economically when other countries stop trading with them just because their people elect a socialist right?
The idea sounds great. Unfortunately it never works. It’s like believing every person will do the right thing. It’s nonsensical.
Come here after 500 years and I bet you will cry watching this and say why haven't we stopped them, why haven't we stopped their greed.
Because you too are greedy, there companies are controlled by shareholder money most of that comes from high net worth individuals.
Lords on why the feudal system works
🤣🤣🤣
Andrew it did work. Lord got tax and people got safety and land to work on. Is it the best type of relationship: No. capitalism is the best out of all of the system currently in the world. Would you purpose a countering system.
@penny xiao May you and all your descendants be peasants on a baron's plantation.
@penny xiao That's not the inevitable result under a socialist system, meanwhile under feudalism it is inevitable that you're a peasant on a plantation. Tho i applaud your " well feudalism wasn't so bad either" defense of capitalism, quite original.
ioioiotu lol you mad bro😙. Feudalism work because plantation workers got land and protection while the lord got monthly rent. Now learn your history before you call me a advocate of feudalism. Feudalism isn’t a system I prefer but capitalism. Now calm yourself and also educate yourself while your at it.
Why don’t you bring in one socialist and one capitalist to debate instead of three members of the capitalist class. That’s like brining in three kkk members to discuss wether the kkk is bad
Buffet has a polite way of muzzling munger before munger gets too real
these guys really asked three billionaires their opinion on socialism
Billionaires whining and apparently unable to define or describe socialism........they must be Americans.
I’m from Zimbabwe. These three are richer than my entire country. That’s really impressive.
Shook One it shouldn't be that way
Harold Sullivan Why??
@@haroldsullivan2036 If Zimbabwe embraced capitalism instead of socialism, it would have been much richer.
Paul Judkins I would but he’s dead now.
I just wanted to hear what Bill Gates was going say about Bernie
He didn't speak negative about him but he didn't defend him when she said he is a socialist. But he did say most of us are still talking about capitalism with a higher tax on the wealthy. He wasn't wrong that's the first step
it's no socialism vs capitalism ……………………………………………………………..none of the prominent leaders are proposing real socialism
…………….………………………………………………………...the issue is pure capitalism vs capitalism with a large welfare state
first of all Bernie is not prosing socialism : he is proposing social democracy which is capitalism with a strong safety net and Bill couldn't completely destroy that idea because it makes sense : it makes sense to help people who need help and make it easier for people to get job training
I didn't say everything Bernie has proposed makes sense I said at least some of it makes sense : the overall concept of a safety net makes sense
Bernie is not responsible for what his wife does ; do you have a link to an article about what Bernie's wife did that you are upset about?
If you get 3 billionares into a discussion defending capitalism, get 3 poor workers defending socialism.
Billioners definitely should exist ... just tax the hell out of them ;-)
Milos Dunjic you do realize that that is how you get rid of them right? At a certain point, they will get on one of their many private planes and go to a country where they dont have their wealth stolen from them by a greedy, inefficient, rich hating government. And then all you are left with is the people who cannot create the millions of jobs those billionares previously created.
Matej Smidbersky I love this I believe the government will always screw is over with taxes and the rich will always find the loopholes to avoid them there will always be loopholes
Socialism, will make population lazy with no incentive or drive to succeed in life. I am poor but I say capitalism is the best way.
Capitalism is mostly better but we need some socialist policies otherwise billionaires get too rich and have too much influence that allows them to exploit the poor.I'm not saying socialism is better, capitalism is the best economic system we have, even if it does have it's problems. I just think having a mix would be best. Like 80% capitalism and 20% socialism.
Lazy population? Under Capitalism we are paying Unemployed deadbeats an extra 600 dollars a week to sit at home with their thumbs up their asses while they forced so called essential workers to keep working.
@@nee-grow is it capitalistic to tax money from a population and dish out an extra 600 dollars of UI to people doing nothing? No it isnt because it isnt a voluntary trade, the tax payer has to pay while the other side gets the money
@@nee-grow You just described the socialism aspect of our capitalist based society lol. And it's only temporary. In a socialism based economy, it would be that way and worse, permanently because people are inherently lazy. The US won't keep it's top ranked economy if it switches to socialism because it will no longer attract the best and brightest around the world, it'll lose it's own best and brightest to foreign interests, so it'll fall way behind in innovation. That should solve the illegal immigration problem however, as brown people from all around the world lose their incentive to come here lol.
Under capitalism, the incentive to produce goods and services is solely for the business owners to squeeze as many profits as possible from people who are already poor. Under socialism, the incentive to produce goods and services is to provide a high income to all of the workers, who would otherwise be at the bottom of the hierarchy. Capitalism restricts innovation and progression because the business owners get have all of the authority and run the business to make profits for themselves solely and not to provide legitimate goods and services to the public.
this is like asking to hitler "what do you think about nazism"
Precise
lol i wonder if you know what nazism is
National Socialism*
@Jose Martinez DeJesus I just said that lol
Bill Gates talking about people not understanding what socialism is while not even understanding himself
They should have these 3 guys face off against Chris hedges, Noam Chomsky and Yiannis Varoufakis then you have a real debate
LOL! Lenin's useful idiots up against men that have accomplished something!
You only need Chomsky
@@dannybrooks2784 this is the same Chomsky that thought Chávez was the way to go? Lol
@@larrydugan1441 the other two are just Chomsky worshipers.
@@dannybrooks2784 thanks Danny. I must admit I don't pay much attention to the so called intelectuals that advocate for morally bankrupt totalitarian systems.
I really appreciate Bill Gates for dismantling the BS that the media keeps trying to push that Bernie's platform is traditional socialism.
there is just one type of socialism: communism
Adrian Marta No, but you’re one type of a person: an ignorant
@@MrAdrianflorin Bro just do a quick google search and youll find that there's hundreds of different kinds of socialism.
Grant Forgues that’s what they all say? When has it work?
@@Viviana-pe5sh All socialist movements end up the same. The first moment someone wants to own a large part of the means of production, the moment tyranny must happen. Socialism is slavery and anti-freedom.
This is like lions talking about being vegetarian 🤣
Yea if the lions knew what become vegetarian would do to it’s body which is to say destroy growth and push it into and economy where it is hard an pointless to innovate and progress in any way.
This is like lions making the same joke as everyone else
Do you always steal comments?
@@randomuser1249 what does being a lion and a carnivore has to do with the economy?
@@nykytamcdonald I was making the comparison saying these people knew what they where talking about and are experts in economics. A comparison is when you take unlike things and try to draw similarities from them even though they’re completely unrelated it’s kinda a hard concept.
The problem that drives the ever-increasing Inequality that is the inevitable side effect of Capitalism is that in reality there is little or no difference between "more profit for less expense" and "GREED".
Inequality is a sad reality of life. It has nothing to do with capitalism.
If you abolished capitalism and government tomorrow. Hierarchies would naturally form and inequality between people would still be there. This is life.
Only Lazy people oppose free market!
@@ahmedqumbe3644 Only idiots think that a free market exists. The USA's media is dominated by five companies with thousands of subsidiaries who crush and assimilate any rival who pops up. What exactly is free about that?
@@kierangorman3052
Free market exists, there what is called monopoly by competition and monopoly by force, those companies you are talking about did not force people you can even compete with them!
@@ahmedqumbe3644 Call yourself lazy if you wish, not billions of workers all over the planet who put the obscene amounts of surplus-profit in your pocket every day.
Love that quote. Anger drives out reason.
Seems to be quite evident in this comment section
this is like asking a chicken about meat eaters vs vegans....
nahrin youkhanah same with asking poor people about welfare - democracy:)
@@lukazupie7220 Democracy is two wolves and a sheep deciding on what's for dinner.
@@sansfreedom1629 So it's nature undisturbed?
@@Lnd802 We don't live in nature bud, we live in a society.
Sans Freedom omg wow 2 wolves and a sheep deciding what’s for dinner, what a great analogy that I haven’t heard a million times how very original of you
How to become a Billionaire:
1.Wear cheap suits
2.Wear glasses
3.Be old
2 down, 1 to go!
Their suits are definitely not cheap.
@Brock Lesnar Alpha Male uh ummm
@Brock Lesnar Alpha Male not anymore
4th be white and come from rich people.
Bernie said that there shouldn’t be any millionaires. When he became a millionaire he said there shouldn’t be any billionaires.
"Anger drives out reason" 100% true
So, how long should one reason while getting dp'ed up the keyster?
Lmao of course, they’re gonna defend it. They are benefiting the most.
So are you
Those men deserve every penny they have made
@@jacobcook368 using the technology made available by capitalism to criticize capitalism
@@jacobcook368 bill gates got rich stealing technology from Tim Patterson. Then he stole from Apple. And of course Apple stole from Xerox. I wouldn't say Bill earned his wealth by the most altruistic means.
Warren buffet got caught up in the aig scandal and was forced to sell his silver...
Couldn't give them a little more space between chairs?
Poor Charley :P
Probably couldn't afford to pay for more space!!!!!
Charlie actually requested that. He thinks sitting next to Warren and Bill make him look more attractive. He's not wrong
Boo hoo poor child slave owners who make profit of the blood of people in the third world
I my god ! So much suspense ! I even wonder whether at the end they will all together create a new leftist party !
Write me on w,h,a,t,s,p,p,+-1-6,4,6,5,4,3,6,2,8,0
90% of this bill gates is just staring off set
Billy couldn’t hold Warren’s or Charlie’s jock straps.
Nah his staring at the blond lady in front of him 🤣🤣🤣
Very creepy
Me? I am glad I am not in that room. Why? Because I could watch this video and stare that woman's long legs and short hemline and not be considered a creep.
We should fix up the abandoned mansions in this country and let homeless people live in them
When inviting guests to debate Socialism Vs Capitalism perhaps you should invite not only capitalists...
haha
try to find a socialist with anywhere near their net worth. they don't exist.
@ What has networth to do with it??
J Sando Richard Wolff?
Of course not. Socialists are plain stupid. Who wants to listen to them? They are far from reasonable most of the time. And most are downright deranged.
Warren Buffett makes quite a few very good points here. The market system leaves a lot of people behind. Taxes and the government must make sure that these people, that are left behind, still have a decent life.
U mean wasted lol
The role of the government is to develop a system that benefits everyone may be not equally but still fairly. It's not to create a system only few in society can benefit from. China of all places threw their working class at the economy and in return gave them massive amount of infrastructures. US gov instead gives its plp lump of coal for their hard work which enriching the elites some of whom are not even US citizens but billionaire from Europe and Middle East.
@@Bug-sg1li depends on who u ask what the role of the govt is and should be. The USA isn’t doing so bad, ppl are flooding in like a Mf from all corners of the world. Come from anywhere and work a job or start a small biz and make bank. Or work at a job with little to no skill for 40 yrs. Choices.
It's a false dichotomy. In many respects we already are a social democracy. We have universal postal service, universal education, universal fire protection, universal police protection, universal (national) defense, universal road maintenance, universal elder-care insurance (medicare), etc. The wealth created by working people funds popular public goods that are selected through the process of electoral politics. That is democratic socialism and we already are that.
The better question is - seeing as how you three have amassed such an unimaginable wealth and can wield tremendous political influence via campaign finance - how are you three not prime examples of American oligarchy?
It's a good question but, they at least appear concerned with the difference(s) between social democracy and oligarchy
Not to say I actually know either but, their transitive appearances make opinions which support one another throughout the video, makes ya wonder who's grooming who dont it!
True, but look how great thats working now, under so called universal public education, we have record high depression, anxiety, and frustration among teenagers with school administrations. Its the precise reason a teen would believe that shooting up a school is the only way to get attention from the administration after years of abuse by the student body, faculty, and the administration. So even though we already have it, it doesn't mean that it works 🤷♂️.
@@yasaf934 I went to a public high school that was well-funded and well-staffed. Honestly I think we overwork and underpay our teachers - that's what a lot of our problems boil down to. We set it up to fail. We don't have to do it that way.
The only reason the universal public education that WE know, isn't working is because it's under funded, and the teachers dont get paid at all what they really deserve
“If you love your Post Office then you’re gonna love your socialism.” 😝😝😝
nobody loves that shit tho....even liberals use amazon now days......
@@britishpeopleyellowteeth6071 I go to the Post office 4 to 5 times a week. I own my own business, I love the post office.
@@veksone77 lame
@@veksone77 so you must love capitalism. I do bc i have a small business
@@hurricane8634 I'm sending my Christmas cards USPS not UPS. Go ahead and send them UPS just ilke at a conference of the wealthy where they paid $13 for a hot dog with mustard.
I noticed they didn’t really have any solutions for the average person.
You are ABSOLUTELY RIGHT.
The solution lies in the REFORMATION OF CAPITALISM. Let's call it "CAPITALISM WITH A CONSCIENCE". One man completely changed the ECONOMY of a country after World War II. That man's name was W. Edwards Deming. To this day, he is the most revered American in Japan for TRANSFORMING the Japanese Economy in 4 years from 1950-1954. Deming's Principles would be the Pillars of this TRANSFORMATION to "CAPITALISM WITH A CONSCIENCE".
These 3 guys were "average people" at one point in their lives ;) ... they turned brains and hard work into billions, which anyone can do. They didn't sit around whining about how unfair life is.
@@eternalreign2313 the vast majority of businesses fail just by nature that they do so its mostly luck
thats the problem with modern politics. everyone thinks they way to make things better is new policy. more policy. more government. when in reality most problems can be solved by undoing the follies of big government in the past. the US healthcare and education system is a mess all because of expansion of government. economic crashes engineered by keynesian monetary policy. its more about undoing the wrongs of the past, than doubling down on them, whilst blaming a system that isn't even being implemented lmao
Now to everyone, hard work does not pay you more. Your life sucks if you walk harder, you can't buy happiness.
"If we have a war we call on those people and pay them practically nothing to go fight for us"
This is what Buffet thinks of his neighbours
He's saying this is unfair, and an unfortunate form of inequality as a result of competition
@@CLANK... Yes but he doesn't do anything about it.
@@neptunianman it's just a consequence of the market, sweaty. If the all powerful market decides that you should die, you will be killed
@@danielyeary148 Precisely. but the market isn't anarchic, it's carefully calculated chaos meant to put the most profit possible in the hands of our billionaire overlords.