Capitalist country.

Communism, capitalism...

You love your heroes.

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

All for ourselves and nothing for other people.

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

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.

Perhaps you have met him?

It matters because this is a democracy.

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

liabilities plus equity.

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?

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

There is also a strong belief, which I share, that bad or oversimplistic and overconfident economics helped create the crisis.

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

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

The funny thing is, every time capitalism expands into new territories, state monopolies are used to define the rules and gain control.

We were naturally deferential. We needed hierarchy.

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

If we looked in the world of 1945 and looked at the map of capitalist economies and democratic polities, they were the rare exception, not the norm.

And this science is not a rich man's game.

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

That is not right!

Franklin said, A republic, madam, if you can keep it.

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,

Let me look at this question more directly.

I use 100 gold pieces.