End Corporate Welfare: Berkshire Hathaway Inc. Vice Chairman Charlie Munger praises China’s response to the international virus – June 30, 2021,

As many of us know, Warren Buffett is a huge supporter of the Democrat Party, for myself when Mike Bloomberg became a Democrat, I wanted to get to the bottom of why so many billionaires we’re aligned with Progressive politicians. Well, based on my research a lot of it has to do with ORGANIZED LABOR or labour unions which put businesspeople at a grave disadvantage in Western Nations.

Now, when it comes to the Conservatives or Republicans all the research appears to point to the fact that Right-Wing Politics is fragmented and therefore works against the better interests of the uber-wealthy. Being that Communism similar to National Socialism is really nothing more than a giant labor union, in that a special group of individuals have a huge impact on the means of production, it’s easy for me to comprehend why Charlie Munger whenever he can will find a way to praise the Chinese Communist Party.

But you see this is where capitalism would have put a stop to these corporatists because in a REAL market economy, you can be penalized by the market for going against what is our way of life. Know the article I point to actually revolves around the Chinese Communist Party basically nationalizing or repatriating Ant Group in that we all knew Alibaba was an arm of the Chinese Communist Party.

I wrote a few years ago about something called “ePacket” and how the Chinese had an unfair advantage over Canadian e-commerce vendors because Canada Post which is Canada’s Postal Service gives Chinese vendors better parcel delivery prices than they do Canadian small, medium, and large companies.

Adding insult to injury was that Chinese-made goods often come into Canada via Canada Post tariff-free, whereas American-made goods often get slapped with the most ridiculous tariffs entering into Canada. I bring this up, because if you’re a Charlie Munger, you’re witnessing Western government stupidity on many fronts, and therefore it’s in your best interests to seek out some form of corporate welfare.

I remember Mike Bloomberg also praising the Chinese Communist Party and being weirded out by it, but when you dig deeper, you start to comprehend what’s happening. Now, some people say the Democrats have only recently become Socialists, but this is a complete lie, I don’t know how anyone n their right mind after reviewing the policies of Franklin D. Roosevelt wouldn’t call him a socialist?

The Federal Reserve or a central bank is borderline communism, when there’s a central bank, it make it harder for the market to have any say in the economy. Wars are often started because of a central bank. Corporatism is merely Corporate Welfare and money revolves around labor. This is why I began this article by pointing that organized labour puts the uber-rich at a grave disadvantage and because the Chinese Communist Party is the only labour union in China, a lot of the uber Rich see China as their golden goose.

Even in India, their Farmer’s protest of ending their supply management system caused major economic disruptions, because India is a Democracy. As Karl Marx points out Democracy eventually leads to Communism, Democratic Socialism is mentioned in the Communist Manifesto, although Bernie Sanders makes Democratic Socialism appear to be something new, it’s actually one of the oldest forms of socialism, in fact democratic socialism is one of the primary reasons Europe ended up in so many wars.

Both National Socialism and Communism were in response to the CONSTANT FAILURES of Democratic Socialism. Society needs a strong group of individuals to combat the flaws of Democracy, which is why many socialist countries end up with dictators. If you read about why Socrates hated Democracy the totality of the governed world starts to make a lot more sense.

So as an uber-rich investor, Charlie Munger simply doing simple math in his head. Even during the Donald Trump reign, Donald Trump didn’t challenge organized American labor, in fact, with tariffs Donald Trump was enriching organized labour, which of course took that newfound wealth to vote for Joe Biden.

They call Republicans SPINELESS for a reason, most Republicans do not want to cut the size of government. A big government in many ways is responsible for making Donald Trump a one-term president, but even then, Donald Trump has little incentive to drain the swamp, so if you’re a Charlie Munger all signs point to the Chinese having more economic power in the future, unless…

There are calls to end corporate welfare, which also equates to either ending the fed or putting more restraints on the Federal Reserve financing every single big government venture. If there’s to be a central banking system, that central bank must operate similar to a private bank. If central banks have no restraints, expect communist sentiment and corporatism to continue.

Regarding Charlie Munger praising China’s response to the international virus, I’d argue it’s only business for him, I’m sure he is heavily invested in China and any tax Joe Biden puts on him, will make him even richer, because as an example the money taken for carbon taxes become corporate welfare for special interest groups, which I’m sure Charlie Munger will find a way to profit from.

Berkshire’s Munger says China right to clip Ma’s wings | Reuters.com

Interesting times ahead!