Capitalism as we know it is dead: Salesforce co-CEO

Capitalism as we know it is dead: Salesforce co-CEO


MARIA: WELCOME BACK. A TOP TECHNOLOGY LEADER DECLARING, QUOTE, CAPITALISM IS DEAD, THAT’S ONE OF THE BLOCKBUSTER HEADLINES FROM MY SIT-DOWN WITH THE CO-CEO OF SALES FORCE, MARC BENIOFF SAID TO ME THAT FACEBOOK IS THE NEW CIGARETTES. WE COVERED A RANGE OF ISSUES FROM ARTIFICIAL INTELLIGENCE TO HOMELESSNESS. WATCH. HOW WOULD YOU CHARACTERIZE THE MACRO ENVIRONMENT AND I KNOW THAT PEOPLE ARE WORRIED ABOUT CAP EXPENDING.>> I WAS IN YOU>> I WAS IN MOU>> I WAS IN MUNICH YESTERDAY, IN LONDON ON MONDAY AND I’M IN NEW YORK TODAY. OUR CUSTOMERS ARE ALL STILL VERY AGGRESSIVELY INVESTING IN THEIR DIGITAL TRANSFORMATIONS. THOSE TRANSFORMATIONS BEGIN AND END WITH THE CUSTOMER. THAT’S WHY WE’RE INVOLVED IN THOSE CONVERSATIONS. WE CONTINUE TO SEE A TREMENDOUS WORK IN DIGITAL TRANSFORMATION WORLDWIDE AS A ALL COMPANIES TRANSFORM THEMSELVES TO CONNECT WITH THEIR CUSTOMERS IN NEW WAYS AND I THINK THE ENVIRONMENT REMAINS VERY GOOD. THAT SAID, YOU KNOW THAT I’M A TRUSTEE AT THE WORLD ECONOMIC FORUM AND THE HEAD OF THE OECD, I SAW HIM IN PARIS, AND HE BASICALLY HAS TAKEN HIS GLOBAL GROWTH RATE FROM 4% TO 3% BECAUSE OF WHAT’S HAPPENING WITH THIS TRADE SITUATION. SO HE SAID, AND I AGREE WITH HIM, IF WE RESOLVE THE TRADE SITUATION, GLOBAL GROWTH WILL RESUME ITS CLIMB. SO THAT WOULD BE VERY EXCITING. MARIA: WHEN THERE’S UNCERTAINTY AROUND, BUSINESS MANAGERS THE FIRST THING THEY DO IS SIT ON CAPITAL. WHEN YOU’RE TALKING ABOUT DIGITAL TRANSFORMATION, THIS IS A MUST SPEND, ISN’T IT.>> IT’S A MUST SPEND. YOU’RE RIGHT. BECAUSE, LOOK, EVERY COMPANY AND EVERY CUSTOMER IS TRYING TO BUILD A 360-DEGREE VIEW OF THEIR CUSTOMER BECAUSE TODAY IF YOU DON’T HAVE A DIRECT CONNECTION WITH YOUR CUSTOMER THEN YOU’RE NOT REALLY COMPETITIVE IN THE WORLD AND IT DOESN’T MATTER IF YOU’RE IN RETAIL OR BANKING OR HEALTHCARE OR YOU PICK YOUR INDUSTRY, MARIA, EVERYONE IS TRANS FORMING AND CONNECTING WITH THEIR CUSTOMERS IN NEW WAYS AND BRINGING NEW WAYS TO CONNECT COMPANIES AND CUSTOMERS TOGETHER. MARIA: I GUESS THE MARKET GOT SPOOKED YESTERDAY AND A LITTLE TODAY ABOUT WORKDAY AND WORKDAY’S CEO’S COMMENTS ABOUT THE ENVIRONMENT. EUROPE IS HAVING A HARD TIME GENERATING ANY GROWTH. CAN YOU GIVE US A SENSE OF WHAT YOU’RE SEEING IN EUROPE? SAME THING IN EUROPE OR DO YOU SEE EUROPE A LITTLE SLOWER THAN THE UNITED STATES?>>EUROPE HAS BEEN HEALTHY FOR US. WE’VE HAD 30% GROWTH THERE THE LAST QUARTER. IT’S BEEN GOOD FOR US AND LIKE I SAID, I WAS THERE YESTERDAY, I WAS MEETING WITH THE LARGEST COMPANIES IN GERMANY AND IN THE U.K. AND, LOOK, THEY’RE INVESTING. THOSE ARE THE CONVERSATIONS THAT WE’RE HAVING AND EVERYBODY JUST WANTS TO HAVE THIS TRADE ISSUE RESOLVED. MARIA: IS THE GROWTH STORY AT SALESFORCE FROM DATA ANALYTICS GOING FORWARD? I’M REALLY GETTING TO THIS RECENT ACQUISITION YOU MADE. I KNOW IT’S EARLY ON SO YOU’RE NOT GOING TO SAY A LOT ABOUT IT BUT TABLEAU HAS BEEN TALKED ABOUT IN TERMS OF ANOTHER BIG GROWTH STORY FOR SALESFORCE. WHERE DO YOU SEE THE GROWTH WITHIN THE COMPANY IN THE NEXT FIVE, 10 YEARS.>> WE’VE HAD A FANTASTIC SHAREHOLDER RETURN AND IF YOU BOUGHT OUR STOCK IN 2004, IT’S BEEN A 3400% RETURN. WE FORECAST WE’LL GO FROM GUIDANCE $16.9 BILLION OR APPROXIMATELY $17 BILLION THIS YEAR TO $28 BILLION WITHIN THREE YEARS, FISCAL YEAR ’23. WE SEE EXPANDED GROWTH BUT THAT GROWTH IS ANCHORED ON ONE THING, WHICH IS THIS DIGITAL TRANSFORMATION PHENOMENON AND THE FOCUS ON CUSTOMER WHICH IS THE ONLY WORD THAT WE DO AT SALESFORCE WHICH IS HELP COMPANIES CONNECT WITH THEIR CUSTOMERS. MARIA: DO YOU WORRY ABOUT THE TRADE FIGHT GOING ON AND CHINA GETTING AHEAD OF US IN SOME OF THESE REALLY IMPORTANT TECHNOLOGIES LIKE A.I.?>>I DON’T VIEW IT LIKE THAT. I THINK ACTUALLY THAT WE’RE QUITE COMPETITIVE WITH ALL COUNTRIES AND ALL INDUSTRIES. AND I COULD MAKE THE CASE ON WHY THAT IS TRUE. BUT WHAT I WILL TELL YOU IS THERE IS A LOT OF TRANSFORMATION HAPPENING. THIS IS THE FOURTH INDUSTRIAL REVOLUTION. YOU DO HAVE A.I. YOU DO HAVE ROBOTICS. YOU HAVE THE BIOSCIENCES. MARIA: OH, YEAH.>> THERE’S MANY THINGS HAPPENING R AROUND THE WORLD AND IN ALL INDUSTRIES AND I’VE NEVER SEEN SO MUCH TRANSFORMATION AND CHANGE AND INNOVATION. MARIA: YOU’VE GOT YOUR DREAM FORCE CONFERENCE COMING UP NEXT MONTH. THIS IS YOUR OPPORTUNITY TO PUT ON THIS BIG SHOW, TELL THE WORLD WHAT’S COMING, WHAT’S COMING AT SALESFORCE. CAN YOU GIVE US A HINT IN TERMS OF THE PUSH INTO NEW AREAS.>> YOU JUST TALKED ABOUT IT. IT’S ALL ABOUT A.I. WE CALL IT EINSTEIN. EINSTEIN, ARTIFICIAL INTELLIGENCE, AND JUST TO CONNECT THE DOTS, ONE OF THE THINGS THAT WE JUST SHOWED IS WE HAVE EINSTEIN AND IT’S RUNNING ON A DRONE AND IT’S OVER THE OCEAN RIGHT NOW IN SANTA BARBARA AND IT’S ABLE TO CLASSIFY — I JUST PUT THIS ON MY TWITTER FEED THAT IT SAW A GREAT WHITE SHARK HEADING TOWARDS A SCHOOL OF KIDS IN A SURF CAMP IN SANTA BARBARA. IT WAS ABLE TO CALL THE PARK AND SAY HEY, GET THE KIDS OUT OF THE WATER AND YOU CAN SEE THE SHARK AND YOU CAN SEE THE A.I. SAYING OH, THERE’S A SHARK THERE. NOW, JUST FIVE YEARS AGO, THAT WAS NOT POSSIBLE. OKAY. BUT TODAY AND YOU KNOW THIS ALREADY BECAUSE OF THE SPECIAL YOU JUST DID ON A.I., IT IS POSSIBLE AND WE CAN DO A LOT OF THINGS AND THAT’S AN EXAMPLE OF IMPROVING THE WORLD THROUGH A.I. BECAUSE YOU KNOW, TECHNOLOGY IS NEVER GOOD OR BAD. IT’S WHAT YOU DO WITH THE TECHNOLOGY THAT MAKES A DIFFERENCE. WE HAVE TO KEEP THAT MIND AS WE START TO THINK ABOUT VALUES AND OUR BUSINESSES. MARIA: YOU MAKE A REALLY GOOD POINT. WE ARE RIGHT NOW IN THIS DISCUSSION ABOUT HOW TECHNOLOGY WILL CHANGE AS A RESULT OF PERHAPS MORE REGULATION. SO WE’VE GOT SOME SOCIAL MEDIA COMPANIES THAT ARE STRONGER AND MORE POWERFUL THAN WE’VE EVER IMAGINED P. WHAT ARE YOU EXPECTING? AND IS IT BIFURCATED IN TERMS OF TECH WHERE WE MIGHT SEE REGULATION ON NOT REGULATION? WHAT DO YOU EXPECT IN TERMS OF WHAT’S COMING FROM WASHINGTON, WHAT SHOULD BE CHANGED WITH REGARD TO REGULATION ON BIG TECH?>>WELL, YOU KNOW I JUST WROTE ABOUT THIS IN MY BOOK, WHICH IS THAT — WE WERE THERE TOGETHER, ACTUALLY, IN DAVOS IN JANUARY, 2018 AND I SAID FACEBOOK IS THE NEW CIGARETTE. IT’S ASTICK TESTIFY. IT’S — ADDICTIVE. THEY WANT YOUR KIDS. THEY’RE PASSING YOUR INFORMATION TO 50,000 OTHER COMPANIES. YOU DON’T KNOW WHAT’S HAPPENING. NOW THEY’RE BUYING ASSETS LIKE WHAT’S APP AND INSTAGRAM AND CO-MINGLING THAT DATA AND IF YOU SAW THAT NETFLIX SPECIAL CALLED THE BIG HACK THEY’RE CREATING MARKET SEGMENTS AND SHIFTING ELECTIONS BASED ON THAT DATA. THAT’S NOT GOOD. NOBODY WANTS THAT. WE WANT SOCIETY BASED ON TRUST AND TRUTH. THAT’S SO IMPORTANT. THIS IS SOMETHING WE ALL NEED TO BE COMMITTED TO. WE HAVE TO FOCUS ON TRUST AS OUR HIGHEST VALUE. MARIA: YOU WRITE A BOOK, IT’S CALLED TRAILBLAZER, THE POWER OF BUSINESS AS THE GREATEST PLATFORM FOR CHANGE. WHY DID YOU WRITE THIS BOOK?>>CAPITALISM AS WE KNOW IT IS DEAD. BUSINESSES NEED AND WE ALL NEED A NEW CAPITALISM. THAT IS A CAPITALISM THAT IS MORE FAIR, MORE EQUITABLE AND MORE SUSTAINABLE. AND THAT’S A CAPITALISM THAT INCLUDES ALL STAKEHOLDERS, NOT JUST SHAREHOLDERS. THIS CONCEPT THAT THE BUSINESS OF BUSINESS IS BUSINESS IS OVER. WHAT ARE STAKEHOLDERS? IT’S YOUR EMPLOYEES, YOUR CUSTOMERS, YOUR PARTNERS. BY THE WAY, I’M FROM SAN FRANCISCO. IT’S ABOUT OUR HOMELESS. MARIA: I’VE GOT TO TALK TO YOU ABOUT THAT.>> LET’S DO IT. ALSO, PUBLIC SCHOOLS AND THE PLANET. I MEAN, I’M THE CEO OF A BIG COMPANY NOW, NOT JUST A START-UP LIKE WHEN I MELT YOU. WE HAVE 45,000 EMPLOYEES, $130 BILLION. YOU KNOW IN MARKET CAP. MARIA: CONGRATULATIONS. WHAT AN INCREDIBLE GROWTH STORY.>> ISN’T THAT COOL. MARIA: YOU’RE USING THAT TO GIVE BACK.>> WE’VE HAD A GREAT SHAREHOLDER RETURN, 3500% SINCE WE WENT PUBLIC. OF WE’VE ALSO HAD A GREAT STAKEHOLDER RETURN, $300 MILLION IN GRANTS, 4 MILLION HOURS OF VOLUNTEERISM. WE HAVE ALSO BEEN ABLE TO RUN 40,000 NON-P PROFITS AND NGOs FOR FREE ON OUR SERVICE. WE’RE A NET YEAR WE’RE A NET ZEAR WE’RE A NET ZERR WE’RE A NET ZERO COMPANY. WE DON’T HAVE ANY NET NEW CARBON EMISSIONS. THAT’S OUR STAKEHOLDER RETURN. ALL COMPANIES CAN REPORT NOT JUST THEIR SHAREHOLDER RESULTS LIKE YOU COVER SO WELL HERE BUT YOUR STAKEHOLDER RESULTS TOO. WE DO. WE PUBLISH A STAKEHOLDER REPORT. THE SES HAS AN OPPORTUNITY, I — THE SEC HAS AN OPPORTUNITY TO SAY TO COMPANIES, TELL US ABOUT YOUR STAKEHOLDERS AND WHAT YOU’RE DOING FOR THEM. MARIA: I WANT TO PUSH BACK ON THIS FOR A MINUTE. BECAUSE THIS HAS BEEN IN YOUR BLOOD, IN YOUR DN A A, THIS WHOLE NOTION OF STAKEHOLDERS. SO YOU’RE MAYBE DIFFERENT IN THIS CATEGORY. WHEN I FIRST SAW THE BUSINESS ROUNDTABLE DECISION, I THOUGHT WAIT A MINUTE, DOES THAT MEAN EMPLOYEES AND THE COMMUNITIES YOU OPERATE IN WEREN’T IMPORTANT BEFOREHAND. I THOUGHT IT WAS A LITTLE BIT OF PR. I SAID WAIT A SECOND, WHAT ABOUT SHAREHOLDERS, WHAT ABOUT CAPITALISM? WHO IS GOING TO STAND THERE AND DEFEND CAPITALISM?>>THIS IS A NEW CAPITALISM. IT’S WHERE SHAREHOLDERS ARE AS IMPORTANT AS STAKEHOLDERS AND IT’S COMING FROM WITHIN THE COMPANIES. IT’S COMING FROM WITHIN. PEOPLE WHO ARE WORKING INSIDE COMPANIES TODAY SAY HEY, I’M NOT JUST HERE TO MAKE MONEY. I’M HERE TO IMPROVE THE STATE OF THE WORLD. I KNOW YOU FEEL THAT WAY. IT’S WHY YOU ARE HERE WITH THIS NETWORK AND LEFT THE OTHER NETWORK. YOU’RE HERE BECAUSE THIS IS YOUR PLATFORM YOU USE YOUR PLATFORM TO IMPROVE THE WORLD. I KNOW THAT BECAUSE I WATCHED YOU FOR DECADES. I’M ALSO USING MY PLATFORM TO IMPROVE THE STATE OF THE WORLD. MARIA: WHAT ARE YOU THINKING ABOUT THE HOMELESSNESS ISSUES IN CALIFORNIA RIGHT NOW? ANY IDEAS IN TERMS OF –>>I HAVE A LOT OF IDEAS. THAT’S WHY A YEAR AGO I SPENT $7 MILLION TO WORK TO PASS A TAX TO TAX SALESFORCE WHICH IS CALLED PROPOSITION C IN SAN FRANCISCO TO CREATE MORE HOMELESS SERVICES BECAUSE WE BADLY NEED EXTREMELY LOW INCOME HOUSING AND SOCIAL SERVICES. IT’S BEEN PROVEN BY MEDICAL STUDIES, BY CLINICAL STUDIES, AND WE’RE JUST NOT DOING ENOUGH AND SO 62% OF THE VOTERS ACTUALLY PASSED THIS AND IT’S IN THE COURTS RIGHT NOW. BUT WE NEED MORE SERVICES. AND THIS CONCEPT OF EXTREMELY LOW INCOME HOUSING, AS I TOLD YOU, I WAS JUST IN EUROPE, IF YOU GO TO FRANCE THEY HAVE A MINISTER OF LOW INCOME HOUSING. THEY CALL IT SOCIAL HOUSING. AND THEY PLAN IT INSIDE THEIR COMMUNITIES. WE JUST DON’T DO THAT. WE HAVE NOT PLANNED THESE BIG CITIES LIKE YOU JUST MENTIONED TO REALLY KNOW — EVERYBODY’S NOT GOING TO BE ABLE TO AFFORD THE GORGEOUS APARTMENT OR HOUSE THAT YOU AND I LIVE IN. WE HAVE TO BE ABLE TO CREATE HOUSING FOR EVERYONE AND THAT IS A WAY, A CRITICAL WAY TO HELP ELIMINATE HOMELESSNESS. THE KEY TO HOMELESSNESS IS

100 Comments on "Capitalism as we know it is dead: Salesforce co-CEO"


  1. True capitalism hasn't happened in the USA for years. When markets are rigged, when gold is rigged, when silver is rigged, when currencies are rigged, how on earth can anyone trade in any commodity or produce without being stifled by regulation or told where and when you can do anything, that is NOT a place where true capitalism can work.

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  2. Nope. Capitalism works on the basis of shareholder return. Stakeholders exist on behalf of shareholders. Shareholders are even more important than customers. When the shareholders sell your stock, your company is washed up. Lou Gerstner from IBM saved IBM from collapse based on that old principle and it doesn't change in this newer era just because the CEO of a 20 billion dollar says so. Sorry, there is no such thing as "new capitalism". Nice thought though.

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  3. All the dinosaurs here crying about this co-CEO telling the truth about that it's not the year 1975 anymore, and that we have crossed the line a long time ago when it comes to inequality.

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  4. Hey Salesforce, how's that STC in San Francisco? I think there might be some cracks in your company, dare I say a possibility of brittle fracture…

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  5. His business growth depends heavily on the increase of so-called fair social services, funded by tax payer money.

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  6. I would like to hear his reaction concerning "stakeholders" when salesforce goes through some lean years.

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  7. Maria, HOW could you have had this screaming left wing, One World Government, low-life on your program?

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  8. Benioff is an arrogant, toxic person. Notice how he name-drops, brags about positions he has, attempts to let the viewers know what a “special, important guy” he is. This is what narcissism looks like.

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  9. No dude. You're a globalist now as you've been. You just miss ripping off the American taxpayer. Liar !!

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  10. There are many keys to our CA homelessness. Not just housing. If you are such a concerned businessman, why not attempt to get the one party system out of Sacramento. With no second party for balance, our state of CA is being run by thugs of the left.

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  11. munich one day…..london the next…..today new york………………JUDEN!

    the fuhrer tried to warn you idiots 80 years ago. THESE PEOPLE have no allegience to anything or anybody.

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  12. I think this title was a little bit of click bait. Nothing that he stated was incendiary or promoting Socialism, etc… Now if you try to read into what he was saying then you can take away whatever you want, but on the face of it nothing he said was technically, "Bad". What is going on right now is the same thing that happened at the beginning of the industrial revolution when things really started to take off and caused a lot of social issues that needed answers. We are entering into a new Digital Transformation revolution with AI, Robotics, Quantum computing, etc… and it's causing us to ask the same questions they were asking back at the turn of the 19/20th century. He, like Tesla, et. al. are starting to try to answer those questions and the answers are not sitting well with people because it requires a paradigm change. The big questions we have to ask ourselves is how engaged are we in our organizations to help them move toward a positive future built on good moral values, honesty, equity and positive relationships between human beings versus greed, immorality, selfish pursuits, ecological destruction and progression toward a dystopia future . I hope Mr. Benioff is wanting to pursue the positive rather than the negative. It sounds like he wants to pursue positive, but these people can also lie to us and make it look positive when it's really just manipulation to pursue their own selfish pursuits or push the entire society into a more dystopian future. Just like the robber barons of the 19th century, the technocrats of the 21st century are not our friends.

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  13. Housing Crisis is 1) Federal Government Financing 2)REALITY Groups flipping houses for higher COMPS and controlling Rental Properties as well 3) Subsidized housing for ILLEGAL ALIENS forcing CITIZENS out of affordable housing, Gov student loans financed Frat Rental Homes 4) No starter homes at $80,000, but Mcmansions > $180 in the cheapest market

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  14. I dont want companies to "connect" to me 360 degree… I want my Privacy back… I'll let you know if I need something… but stop spying on me..

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  15. This seems like an example of psychopathy on video. Psychopathy on the left. Sycophancy on the right. Holy hell. This guy only wants more "housing and services" so he can expand the number of people who he can influence. He wants more data from more people. Next he'll support some kind of guaranteed income for these people so he can capitalize on the ads he's pouring in to their housing unit. This is truly sick.

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  16. "stakeholder returns" are just a renaming of "Goodwill" corporations have always addressed it. Renaming it and socializing it doesn't mean it's a "new capitalism" it may have a newer priority but it is still listed as an asset on the balance sheet

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  17. Are use salesforce every day good old salesforce! Definitely has blessed my life I’m grateful for it. Closed of lot of deals and helped me give better value to a lot of people.

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  18. Capitalism is as it has always been; rich people get richer, while poor get poorer. Sure, few people make million bucks becoming accidental youtube stars or whatever, but they are tiny, tiny fraction among the normal population so should not be even discussed here.

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  19. PS: all us guys really want in life is a big-breasted business woman who understands.

    To confide in at the end of the day. Hence, Bartiromo's appeal.

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  20. Just remember capitalism makes money and socialism spends money. I think I’ll stick with capitalism.

    This is the type of guy that comes up with the automated computer AI Customer service. That you spent hours trying to get through. How about a human being who can get the job done.

    Don’t you love when you get on the phone because your internets not working and the automated service says we can solve your problem just go online.

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  21. So he says.

    Not according to my portfolio.

    Capitalism is alive and well regardless of how they try to suppress it.

    For without capitalism… communism would never exist.

    Even they ( communists ) capitalize on capitalism to advance their agenda.

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  22. A whole bunch of non CEO's in this thread complaining because someone doesn't think like them… yep, cuntservative ideology… lmao

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  23. Yeah I know it died a long time ago when we bailed out the banks or when Obama bailed out GM or when Obama gave solyndra a 150 million and they declared bankruptcy the next month, the government ruins everything that's why our founding fathers wanted as small a government as possible but the Democrats want the whole entire country ran the by government

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  24. You could actually probably make the argument that the capitalist system died with the creation of the Federal reserve

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  25. Those who have great wealth and power have greater responsibility, because they can.
    I came here not knowing if I would agree with Mr. Benioff, but he sounds like he understands that capitalism needs reformation.
    BERNIE 2020

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  26. Wait wait wait….Spend 7 million to lobby for a sales tax on SF? Wouldn't that money be used better if he could donate it to homeless shelters? And if he wants to give more, he can donate through SF to help this. Wow this makes no sense . He wants control.

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  27. If Benioff ever looks out the window from Time Inc. HQ, he obviously either notices nothing or has no desire to deal with reality. I have photos. It is hilarious and not in his magazine filled with masticated fake news. The real news is across the plaza. Then, Benioff goes to talk to Eurocommies and comes back saying stuff that does not include any concern about his bias. I guess Marxism pays well. Not ironic at all. Darkness at Noon. Cramer yammers about it in lip service every few weeks, including just the other day. Also, please save the clip with Benioff's piety about "trust and truth" for future reference. I can still see him ducking into a sandwich shop July 2017 on 42nd St. It was hilarious.

    If one wants to look at de jure (Benioff's world as he sits in one of my de facto neighborhoods) arguments made about AI, the shark cam is "Marketing AI", not "Scientific AI". For 35 years, AI engineering work has been defined as "solving problems computers can't do yet". As to Stakeholders argument about innovation, I suppose if Benioff were to read about the company towns of 100 years ago, he just might (or might not) think that this was an old idea that devolved into the "fat and lazy" capitalism of the 1970s and 1980s, patriarchic sclerosis that allowed Drexel to flourish for a short time and end up driving the counter-focus on shareholder maximization almost-exclusively. What good is a company's largess if the company is gone?

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  28. What he's talking about is international corporations becoming the default governors of nations. It's globalism which eliminates any need to vote for anyone. Everyone will be captive. They can do anything in this position. It looks like a version of "1984" to me.

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  29. …competitive in "all industries" ??? I don't see any low-cost PCB factories here in Seattle. No, they're ALL in Shenzhen, China. This guy is talking out of the side of his mouth.

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  30. Next time, interview someone who's not 2 years PLUS behind on his information.  Doesn't help that he's co-ceo of a dying company.

    One last dig…. Dude, the mullet went out in the 80s.

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  31. This crooked commie could hardly keep a straight face when saying "we all want a society based on truth…"

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  32. Facebook is the new cigarettes? No different than guys playing video games all day or people watching tv all day.

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  33. In order to get every last drop of profit from consumerism they want to spy on everything we do, 24/7. Now going over the pond to include all the Europeans as well. Seriously, you have to worry we they start talking 360 identification.

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  34. A City Slicker looking for a paycheck-as always using the poor and needy. He is looking to get his hands on how our government makes laws and policy as a FORCE over the individual people. RUN, DONT WALK. The minute he said what the government should be doing-you need to be alarmed. WE NEED GRASS ROOTS MOVEMENTS FOR OUR GOVERNMENT IN ORDER TO PROTECT THE PEOPLES DECISIONS ON HOW THEY WANT THEIR MONEY AND TOWNS RUN. That man should only get one freaking vote, not the vote and persuasion of HIS ENTIRE COMPANY!!!!! Wake up people!!!!! This is the new government control of us. While they control the direction of our tax payer money….ultimately to benefit what they want to do.

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  35. Malaysians are smarter, have happier and healthier lives and live longer than Europeans thanks to Free Markets and Competition. Malaysia is Competitive while Europe isn’t.

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  36. Benoff…"Stake holders are as important as share holders" That is only true under socialism. Capitalism rewards the risk of shareholder's money, unless of course under socialism where the government controls the means of production and then we are all shareholders and there is no difference between "stake holders" (whatever that means) and shareholders.

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  37. The guy makes money, and he wants the people too make more money not just the ceos and shareholders🤔 sounds good too me and i don't know 👉💩

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  38. Free markets work. When globalist think tanks control and manipulate the markets we don't have anything but tyranny.

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  39. He's a Marxist like all the prominent Democrats and I'm sure his experience and knowledge is very blinkered . Trouble is that money is all going to and through the internet , Europe's high streets are now being filled with charity shops .

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  40. The system we have now is not capitalism. Because government (local and federal) is taking 40% of our income and spends it. We have no margin to save money because government takes 40% of our income. And if we cannot save money, then we have no capital. Because capital comes from savings. The system we have now is spending-ism, which is the opposite of capitalism.

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  41. I AM THIS and I AM THAT and oh yeah if you have a few more minutes I'll tell you HOW FANTASTIC. I. AM. 😈💩

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  42. World is changing and the Universal Income it’s much closer than the conservatives Americans think. Whey you hear of something that seems utopia, in the old times was far 100 years now it’s not so far I give you 5 or ten years. Bernie it’s coming and Alexandria Ocasio Cortez will be the next president after him. You can’t stop evolution. In Europe the crisis it is a bless, because now something it’s very changing, they understood that the policies of austerity in the social don’t work, actually the lost power and they are little by little replaced by other politicians. Now big taxes for the corporations and the financial market has to work for the people authentic polio now start working for people and not for corporations.

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