{"id":42556,"date":"2021-07-06T12:04:31","date_gmt":"2021-07-06T16:04:31","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=42556"},"modified":"2021-07-06T12:04:31","modified_gmt":"2021-07-06T16:04:31","slug":"a-scary-statement","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=42556","title":{"rendered":"A Scary Statement"},"content":{"rendered":"

Yesterday One America News<\/a> posted an article about a recent statement made by Charles Munger, Vice Chairman of Warren Buffet\u2019s Berkshire Hathaway.<\/p>\n

The article reports:<\/p>\n

Charles Munger, Vice Chairman of Warren Buffet\u2019s 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.<\/strong><\/p>\n

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.<\/strong><\/p>\n

\u201cWell yes, but Jack Ma\u2019s one of the swingers. So they just cut his, they said to hell with you,\u201d he expressed. \u201cHe basically gave a speech when he said to one party state, you guys are a bunch of jerks, don\u2019t know what you\u2019re doing and I know what I\u2019m doing and I\u2019m going to do it better.\u201d<\/strong><\/p>\n

…Munger went on to criticize the U.S. free-market economy by saying too many people have the ability to \u201cgo to this gross excess,\u201d which he argued the Chinese Communist Party takes beneficial preventative measures against.<\/strong><\/p>\n

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\u00a0 Chinese Communist Party as an ordinary citizen?<\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday One America News posted an article about a recent statement made by Charles Munger, Vice Chairman of Warren Buffet\u2019s Berkshire Hathaway. The article reports: Charles Munger, Vice Chairman of Warren Buffet\u2019s Berkshire Hathaway, has suggested the U.S. needs to … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[278,13998,13049,13999,14000,11477,277],"class_list":["post-42556","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-berkshire-hathaway","tag-charles-munger","tag-chinese-communist-party-ccp","tag-chinese-economics","tag-free-market-economy","tag-one-america-news","tag-warren-buffett"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/42556","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=42556"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/42556\/revisions"}],"predecessor-version":[{"id":42557,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/42556\/revisions\/42557"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=42556"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=42556"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=42556"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}