Yesterday One America News posted an article about a recent statement made by Charles Munger, Vice Chairman of Warren Buffet’s Berkshire Hathaway.

The article reports:

Charles Munger, Vice Chairman of Warren Buffet’s Berkshire Hathaway, has suggested the U.S. needs to act more like the Chinese Communist Party when it comes to banking. In an interview on Wednesday, the 97-year-old billionaire claimed American free enterprise led to mass suffering from the 2008 crash.

When asked about the mysterious disappearance of Alibaba CEO Jack Ma as an issue with Chinese economics, Munger doubled down on his pro CCP rhetoric.

“Well yes, but Jack Ma’s one of the swingers. So they just cut his, they said to hell with you,” he expressed. “He basically gave a speech when he said to one party state, you guys are a bunch of jerks, don’t know what you’re doing and I know what I’m doing and I’m going to do it better.”

…Munger went on to criticize the U.S. free-market economy by saying too many people have the ability to “go to this gross excess,” which he argued the Chinese Communist Party takes beneficial preventative measures against.

Mr. Munger needs to be reminded that it is not the government’s job to prevent “gross excess.” It should also be noted that it is very unlikely that Mr. Munger would be allowed to amass a billion dollars under the rule of the Chinese Communist Party or that he would be able to achieve success based on the merits of his own efforts rather than simply finding political favor. The man has obviously forgotten that the very freedom he is condemning is what allowed him to become the success that he became. Would Mr. Munger like to live under the policies of the  Chinese Communist Party as an ordinary citizen?