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

It matters because this is a democracy.

Capitalist country.

Communism, capitalism...

You love your heroes.

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.

My topic is economic growth in China and India.

Let me look at this question more directly.

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

Make a decision and give me some blood.

Hopefully they add some value to our economy, and this diagram essentially explains what the financial system does, so in a capitalist economy, you have a lot of people with capital.

Economies dependent on consumerism and exploitation of people only serve the interests of a limited number of countries.

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.

Capitalist jihad. Smart.

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.

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

They use the energy, the strength and the lives of others, for their own economic prosperity.

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

Land of opportunity.

By that comparison, democracy looks very, very good in terms of economic growth.

And I think you can see around us now, some of the green shoots of a very different kind of economy and capitalism which could grow.

let me just draw you a spectrum here.

They ended capitalism and built a socialist society.

Simple economics.

And as that happens, we will remember something very simple and obvious about capitalism, which is that, unlike what you read in economics textbooks, it's not a self sufficient system.

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.

History was over and society would inevitably have to take second place to economy.

To put the assumptions very clearly capitalism, after 150 years, has become acceptable, and so has democracy.

massive dynamic is one of the ten largest economic entities in the world.

Whatever it is, whatever this new economy is, what we need the economy to do, in fact, is to put investment back into the heart of the model, to re conceive investment.

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

liabilities plus equity.

If you look at the statistical evidence worldwide, there's really no support for the idea that authoritarian governments hold a systematic edge over democracies in terms of economic growth.

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

The nonviolent struggle is won in the real world, in the streets.

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?