Warren Buffett rejects socialism, calling capitalism 'absolutely a miracle' for the United States

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Warren Buffett rejects socialism, calling capitalism 'absolutely a miracle' for the United States
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'This country has done an incredible job in terms of the deployment of resources and human ingenuity,' says the Berkshire Hathaway chief.

that compared to countries with central-planning at the heart of their economic and political systems, "we win hands down" in the United States. "We're just getting started with what capitalism can do."

"Does that mean that every decision should be made by open market determinants? No, there's need for regulation," said Buffett, who supported Democratin the 2016 presidential race. "Human ingenuity is incredible, and you want something that maximizes its use; and then curbs, on a few of the ideas that some of those people may have to sort of have it for all themselves."

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