Jim Rogers on dutch TV pt 2/2 Feb 12 2009
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Great video. Capitalism works! South Korea is better than North Korea, New China is better than Old China, Taiwan is better than Old China.
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all the money is in Singapore now
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This is not the complete interview. At the very end, 1 minute of footage is cut/ editted.
In that minute, Rogers PWNED the interviewer Jos. The interviewer goes on about how Capitalism doesnt work. And then Rogers asked him where he would want to live: in North Korea or S Korea. In HongKong or OLD China. In Taiwan or Old China. Then Rogers told him that he should move there and pick BERRIES THERE TOGETHER AND LIVE HAPPILY EVER AFTER. The interviewer kinda "uh" (silence) after that.
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America only followed free market principles until that which free enterprise provided was valuable enough to merit government intervention. Sherman Act, etc. Banking and retail are vital components of capitalism, so long as they are not allied to government policies so that other vital components of capitalism are subverted. Sending jobs overseas is a good thing, so long as what replaces them adds to the variety of productive activity, and is of greater value than what was replaced.
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This is true, but what America spends its money on, is determined by the free market principles it has recklessly ignored, and by ignoring free market principles has gotten into such economic trouble. Rodgers is correct about the economics, but even though he has something to sell by being alarmist, you or I can choose to use our own judgment about what to invest in and/or buy.
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dutch socialist TV network? i didn't know commie exist in dutch. i thought it went away with the USSR.
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The Dutch could learn something, here :-)
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Go Jimmy. Put that commie boy in his place.
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Dutch dude is trying to suggest capitalism doesn't work...
3:30 - The incompetence he describes is in the Federal Reserve and the federal government.
"Somebody has to pay for it." Good for you, Jim.
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Sondre7 I doubt that.
I think more people are ready for the socialist future then ever before.
As they see capitalism fail, as it should.
Because it's not perfect.
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You must be kidding. Free Market Capitalism relies on sound money and a profit and loss system to work. Greenspan wouldnt allow sound money (he cut interest rates way too low) and he wouldnt let firms go bankrupt. You need bankruptcies to put fear into the market and reduce risk taking...its all very simple, just read a book on it and the truth shall set you free!
Oztrigger5 3 years ago 7
Jim is the only guy i know that points out that capitalism works great, corrupt governments do not work, sadly we have the later, china the former.
bajawind 3 years ago 7