Warren Buffett on The Rule of Law

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Subject:	Buffett Proves Once More Why He Is a Born-and-Bred American Dope
Date:	Wed, 2 Mar 2011 04:59:29 -0800
From:	Jas Jain

Buffett Proves Once More Why He Is a Born-and-Bred American Dope

Buffett (on CNBC): "It is overwhelmingly the [American] system [that is responsible for the prosperity]… A system came along in the United States… that believes in rule of law, rule of market place and equality of opportunity…"

 

"Rule of law" came along in the United States? Hey, moron, the Americans got the system from Europe, mostly from the UK. After the US was independent the top lawyers couldn't wait for the next publication of legal and economic thought in the UK, especially as it related to property laws and economic developments, to arrive. Does this dope know anything about "rule of markets" and innovation in Germany during 1870-1914 and how Americans copied, licensed and later stole (after the end of the WW I) quite a bit of it? The "rule of market" has existed for millennia, you dope. "Equality of opportunity" is an American invention? Was "equality of opportunity" a fact in America 50 and 100 years ago, or is it a fact today? Why don't you look at Obama's important appointments?? You are blind to the ugly reality in America.

In 2005, Greenspan, in a speech in Berlin, claimed that rule of law and property rights require democracy! Intellectual dishonesty is the most commonly observed characteristic among Americans today. When American dopes lie (make false assertions) do they even know that they are lying, or is it that they are born-and-bred dopes?

At worst, Buffett is morally bankrupt, for supporting evildoer Obama, and at the very least he is a born-and-bred American dope. He is a born-and-bred American dope even when it comes to the economy, housing, and investments! Buffett now is in propaganda business more than anything else.

Jas