Warren Buffett, chairman and chief executive officer of Berkshire Hathaway Inc., center, tours the shopping floor ahead of the Berkshire Hathaway annual meeting in Omaha, Nebraska, U.S., on Saturday, May 5, 2018. The rules, which require Berkshire to report unrealized gains or losses in equity investments in net income, helped fuel a $1.14 billion loss at Buffett's Berkshire Hathaway Inc. in the first quarter. Photographer: David Williams/Bloomberg
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Alec Hogg: Warren Buffett’s lessons on the USA’s unprecedented success
With a communist autocrat in Beijing and softie lefties in Brussels, rational thinkers look to the US as a beacon to a sensible path to prosperity.
There are some crazy things happening to economic thinking in the Land of the Free and the Home of the Brave – the description of America popularised by poet Francis Scott Key in 1814.
As opined in the video (above) from from our partners at the Wall Street Journal, Bidenomics consciously contradicts capitalism's three key words – work, save, invest.
Which leaves us with the logical conclusion, the WSJ adds, that Joe Biden is not the capitalist he claims to be. In words, deeds and thought he's socialist. And an economically naive one at that.
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