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

Unfortunately, many of us in this room are supporters of capitalist policies and market forces.

Capitalist country.

Communism, capitalism...

You love your heroes.

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

So, remember, assets are equal to liabilites plus shareholder's equity, so if all of a sudden the market value of the equity, the market capitalization, for Ben's shoe company is 215,000... (That is the equity part right over here)

What's going on in Nigeria? A couple of things.

Capitalist jihad. Smart.

No matter how bad it was economically, he always got himself paid.

So let's call that market equity.

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

We can do this.

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

Land of opportunity.

I think that's what I wanted a write here, market value of equity.

And what do we teach in these schools?

And then, that gets you to the market value the equity.

let me just draw you a spectrum here.

So that's a very handsome return.

They ended capitalism and built a socialist society.

What Africans practiced was a different form of capitalism, but then after independence, all of a sudden, markets, capitalism became a western institution, and the leaders said Africans were ready for socialism.

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.

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

This is 120,000 in equity, market value of equity, he has another 105,000 in liabilites.

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.

Xigi is a new community site that's built by the community,

So 26 minus 23 is equal to 3.

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.

By the way, what market type are you in?

If it had 10,000 shares, and actually both of the shoe companies had 10,000 shares, then the market is essentially valuing the equity of Ben's shoe company at 215,000, even though the book value of the equity was 135,000.

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

liabilities plus equity.

As opposed to communism, which suffocates the individual, and market liberalism which wants to isolate the individual the basic income facilitates a safeguard in order to maximize freedom, giving the individual the ability to choose.

So they're saying essentially that the market cap, and that's equivalent to the market value of the equity, or what the market thinks the equity is worth, that's 1 times 500 million shares.

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.