Capitalist country.

Communism, capitalism...

You love your heroes.

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

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.

And when I say Communist I'm talking about no private wealth the state really owns all private resources.

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

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.

Even Fidel Castro now says that the only thing worse than being exploited by multinational capitalism is not being exploited by multinational capitalism.

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?

All for ourselves and nothing for other people.

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

But we pay for school.

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

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

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.

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

France wouldn't be this representative state, it would be democratic.

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

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!

These two huge powers the Soviet Union is this Communist country and it's obviously trying to create this Communist sphere of influence a lot of Eastern Europe was falling under Soviet sway, the US not a Communist country, a very capitalist country, uh you can imagine.

In fact, Country A is democratic India, and Country B is Pakistan the country that has a long period of military rule.

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)