Communism, capitalism...

Capitalist country.

You love your heroes.

Do not forget that fascism, communism, capitalism or other isms are all monetary systems.

Capitalist jihad. Smart.

You know, the alternative, communism, has not worked.

This february 10th to the 15th, all roads lead to Vancouver.

Land of opportunity.

Here, I interviewed people who were residents of formerly communist countries, who had all faced the challenge of transitioning to a more democratic and capitalistic society.

So, this is really a pretty strong statement.

(Laugther)

What do you have against capitalism?

All for ourselves and nothing for other people.

I'm a capitalist, and they pay.

But the majority of the world neither benefits from capitalism nor from democratic systems.

let me just draw you a spectrum here.

It's a 40 year old company, it understands manufacturing.

They ended capitalism and built a socialist society.

Capitalism is the exploitation of man by man. Communism is the exact opposite.

I've been a huge fan of enterprise and entrepreneurship since 1993.

Now, I think this future will be quite surprising to many people.

Why doesn't somebody do it? And the answer is,

That's part of the free market system, Obama continued.

We are this great brand in the banking industry, wouldn't you

It has been reported that 32 trillion of paper assets were printed by one government alone.

And when I picture how Democrats and Democratic leaning economists picture this economy, most Democratic economists are, you know, they're capitalists, they believe, yes, that's a good system a lot of the time.

These two huge powers the Soviet Union is this Communist country and it's obviously trying to create this Communist sphere of influence a lot of Eastern Europe was falling under Soviet sway, the US not a Communist country, a very capitalist country, uh you can imagine.

Nothing like the resources of a CERN or a DARPA or an IBM or a Dupont.

China, I believe, still has some of the excellent raw fundamentals mostly the social capital, the public health, the sense of egalitarianism that you don't find in India.

I use 100 gold pieces.

less capital intensive that there's less money that's required

We were naturally deferential. We needed hierarchy.

The question now, however, is both about which form of capitalism and which type of democratic participation.

Piracy is not a random act.

liabilities plus equity.

And that democracy will be restored

That is not right!

People can do a whole PhD thesis on this type of thing.

What is that?

because they're both on the right hand side.

(Laughter)

So this is not about standing in the way of development.

In a world without leverage so if I didn't have all this

Hopefully they add some value to our economy, and this diagram essentially explains what the financial system does, so in a capitalist economy, you have a lot of people with capital.

And in the end, there's better bargaining between the authorities and citizens, and democracies, capitalism everything else flourished.