Warren Buffett & Charlie Munger: The Banking Business Models

Описание: Warren Buffett & Charlie Munger: The Banking Business Models

They mention that it makes sense for companies to open factories in places where they can produce goods more cheaply, but this leads to job loss in the home country. They emphasize the need for society to take care of those who have been displaced by these changes. The speaker acknowledges that there is no easy solution to this problem but notes that the country is better off overall with foreign production. They suggest that a balance must be struck between maintaining economic growth and taking care of those who have been negatively affected by it. The speaker notes that free market capitalism is the best system for creating GDP and that there is inherent pain in this process. While there are government safety nets in place, it is impossible to take all the pain out of the system without taking all the gains out of it as well.