Capitalist country.

Communism, capitalism...

You love your heroes.

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

Capitalist jihad. Smart.

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

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

Land of opportunity.

let me just draw you a spectrum here.

They ended capitalism and built a socialist society.

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?

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

I'm a capitalist, and they pay.

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

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

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

liabilities plus equity.

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

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

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.

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

What is that?

All for ourselves and nothing for other people.

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

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

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

Hong Kong, Singapore and Sidney.

Because in Africa today, we are competing globally for capital.

We were naturally deferential. We needed hierarchy.

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

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

That is not right!

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.

(Laughter)

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

I use 100 gold pieces.

And what is even more shocking is that this system has followed, step by step, the evolution of our own system, of our Western capitalism.

like an equation, but it's assets is equal to liabilities plus equity.

liabilities.

So 5 million of liabilities.

So, we believe that values driven spending will force capitalism to be better.

Piracy is not a random act.