{"id":583268,"date":"2021-07-05T16:51:10","date_gmt":"2021-07-05T20:51:10","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=583268"},"modified":"2021-07-05T16:51:14","modified_gmt":"2021-07-05T20:51:14","slug":"charles-munger-u-s-needs-to-be-more-like-ccp","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/charles-munger-u-s-needs-to-be-more-like-ccp\/","title":{"rendered":"Charles Munger: U.S. needs to be more like CCP"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcharles-munger-u-s-needs-to-be-more-like-ccp%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=583268&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2446947\" class=\"wp-caption aligncenter\">\n<p id=\"caption-attachment-2446947\" class=\"wp-caption-text\">Berkshire Hathaway Vice Chairman Charlie Munger listens to a question during an interview in Omaha, Neb. (AP Photo\/Nati Harnik, File)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 1:50 PM PT \u2013 Monday, July 5, 2021<\/h5>\n<p>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.<\/p>\n<p>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.<\/p>\n<p>\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<\/p>\n<div id=\"attachment_2446955\" class=\"wp-caption aligncenter\"><img decoding=\"async\" aria-describedby=\"caption-attachment-2446955\" loading=\"lazy\" class=\"wp-image-2446955 size-full\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/800-5-3.jpeg\" alt=\"Chairman of Alibaba Group Jack Ma speaks during a seminar in Bali, Indonesia. China\u2019s highest-profile entrepreneur, e-commerce billionaire Jack Ma, appeared Wednesday, Jan. 20, 2021, in a video posted online, ending a 2 1\/2-month disappearance from public view that prompted speculation about his status and his business empire\u2019s future. (AP Photo\/Firdia Lisnawati, File)\" width=\"800\" height=\"567\" srcset=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/800-5-3.jpeg 800w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/07\/800-5-3-296x210.jpeg 296w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/07\/800-5-3-617x437.jpeg 617w, https:\/\/dzm0ugdauank9.cloudfront.net\/wp-content\/uploads\/2021\/07\/800-5-3-768x544.jpeg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/p>\n<p id=\"caption-attachment-2446955\" class=\"wp-caption-text\">Chairman of Alibaba Group Jack Ma speaks during a seminar in Bali, Indonesia. China\u2019s highest-profile entrepreneur, e-commerce billionaire Jack Ma, appeared Wednesday, Jan. 20, 2021, in a video posted online, ending a 2 1\/2-month disappearance from public view that prompted speculation about his status and his business empire\u2019s future. (AP Photo\/Firdia Lisnawati, File)<\/p>\n<\/div>\n<p>Munger claimed Ma was going to do whatever he pleased without rules and therefore had what was coming to him. Without a crisis on par with the Great Depression, Munger clarified the CCP style reforms he believes are necessary will not happen.<\/p>\n<p>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.<\/p>\n<h4>MORE NEWS:&nbsp;<a href=\"https:\/\/www.oann.com\/rep-massie-u-s-troops-say-they-will-quit-if-forced-to-vaccinate\/\">Rep. Massie: U.S. Troops Say They Will Quit If Forced To Vaccinate<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>Berkshire Hathaway Vice Chairman Charlie Munger listens to a question during an interview in Omaha, Neb. (AP Photo\/Nati Harnik, File) OAN NewsroomUPDATED 1:50 PM PT \u2013 Monday, July 5, 2021 &#8230;<\/p>\n","protected":false},"author":7,"featured_media":2314034,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/800-5-3.jpeg","fifu_image_alt":"Charles Munger: U.S. needs to be more like CCP","footnotes":""},"categories":[],"tags":[],"class_list":["post-583268","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"fifu_image_url":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/07\/800-5-3.jpeg","fifu_image_alt":"Charles Munger: U.S. needs to be more like CCP","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/583268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=583268"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/583268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2314034"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=583268"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=583268"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=583268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}