Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., center left, eats a Dairy Queen vanilla orange ice cream bar while touring the shopping floor ahead of the company's annual meeting in Omaha, Nebraska, U.S., on Saturday, May 4, 2019. Buffett's Berkshire Hathaway agreed earlier this week to make the investment in Occidental to help the oil producer with its $38 billion bid for Anadarko Petroleum Corp. Photographer: Houston Cofield/Bloomberg
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BRK 2019 AGM Highlight: Buffett addresses debate on Capitalism v Socialism
Warren Buffett describes himself as "a card carrying capitalist" primarily because of a belief the system which underpins its economy is responsible for the abundance of the United States.
JOHANNESBURG — Warren Buffett describes himself as "a card carrying capitalist" primarily because of a belief the system which underpins its economy is responsible for the abundance of his homeland, the United States. In this highlight, he is quizzed about his other very public loyalty, as a supporter of the Democratic Party, where a number of leading 2020 Presidential candidates are running on a socialist ticket. The Oracle of Omaha's comprehensively settles that argument. – Alec Hogg
*This is one of the highlights from the five hours of Q&A at the 2019 Berkshire Hathaway AGM in Omaha where chairman Warren Buffett and his deputy Charlie Munger field queries from shareholders.
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