Capitalism isn’t perfect, but it’s the best thing out there: Ken Langone

Capitalism isn’t perfect, but it’s the best thing out there: Ken Langone


THE REAL THING! [CHEERING] TRISH: RISING STARS OF THE DEMOCRATIC PARTY, EMBRACING THE EXTREME LEFT PLATFORM OF SOCIALISM, A PLATFORM STARTED, THAT REALLY STARTED TO GAIN TRACTION I SHOULD SAY BY BERNIE SANDERS BACK IN ’16. WHILE THE IDEA OF A UTOPIA WHERE EVERYTHING IS FREE MAY SOUND REALLY NICE AND GREAT ON THE SURFACE, RIGHT, SOUNDS GOOD, TOO SIGNIFICANT. NEW STUDY OUT SAYS MEDICARE FOR ALL, PLAN FOR DEMOCRATS THEY’RE RAVING ABOUT, IT WOULD INCREASE GOVERNMENT SPENDING BY 32 1/2 TRILLION DOLLARS. CAN WE AFFORD THAT? I THINK NOT. WHAT DOES IT ALL MEAN? HISTORIC TAX INCREASES IS THIS WHAT WE AS AMERICANS WANT? ONE GUY THAT DOESN’T WANT IT RIGHT NOW, THE AUTHOR OF THE BRAND NEW BOOK, “I LOVE CAPITALISM” WITH A EXPLANATION POINT, THE COFOUNDER OF HIMSELF. YOU HAVE BENEFITED FROM AMERICA’S CAPITALISM, FROM DIGGING DITCHES TO BECOMING AS SUCCESSFUL AS THEY ARE.>>YES I AM I LOVE YOUR STORY. TELL ME ABOUT YOUR BOOK.>>I WROTE THE BOOK, I WAS APPROACHED TWO YEARS BEFORE I DECIDED TO DO IT BY RANDOM HOUSE. MICHAEL OVITZ SUGGESTED I THIS ABOUT WRITING A BOOK. I SAID, NO, I’M NOT WRITING A BOOK. OVER THE TWO YEARS, ’14 TO ’16 I WOULD MEET OCCASIONALLY WITH THE RANDOM HOW PEOPLE, I KEPT COMING BACK I DON’T WANT TO DO IT. ONE NIGHT, JANUARY OF ‘1 OF 6, I SEER BERNIE SANDERS THERE, AND I GIVE UP AT THEIR AGE, WHAT’S THE FUTURE OKAY? TO LET PEOPLE UNDERSTAND BUT LIKE CHURCHHILL SAID EXCEPT FOR ALL THE OTHER FORMS OF GOVERNMENT DEMOCRACY IS THE WORST. CAPITALISM WORKS. WE HAVE 3,000, I CALL THEM KIDS. ANYBODY UNDER 82 IS A KID I’M 83 YEARS OLD. WE HAVE 3 THOU KID IN HOME DEPOT THAT STARTED IN THE PARKING LOT. THEY ARE MULTIMILLIONAIRES TODAY. WE HAVE A WOMAN THAT RUNS ALL OF OUR U.S. STORES. SHE STARTED OUT AS A PART-TIME CASHIER. HER NAME IS ANNA MARIE CAMPBELL. SHE NOW RUNS 1700 STORES. SHE IS ENORMOUSLY ACCOMPLISHED LADY AND WONDERFUL WOMAN. SOCIALISM CAN’T COME CLOSE TO OFFERING THOSE OPPORTUNITIES. I WONDER, GO TO CUBA, GO TO VENEZUELA, GO TO HUNGARY, GO TO ALL THE PLACES THAT EMBRACE SOCIALISM ASK YOURSELVES A QUESTION, HOW WELL IS THAT SOCIETY DOING? HUNG TODAYRY HAS NEGATIVE POPULATION GROWTH TODAY — HUNGARY. YOUNG PEOPLE IN HUNGARY GETTING ENGINEERING DEGREES ARE LEAVING HUNGARY TO GO TO BELGIUM. I WAS IN BUDAPEST LAST SUMMER. I COULDN’T BELIEVE WHAT I WAS HEARING ABOUT THE EXODUS. THIS YOUNG LADY — TRISH: THEY WANT OPPORTUNITY.>>THIS YOUNG LADY OUT IN QUEENS, I’D LIKE TO HAVE HER TELL ME, MAYBE SHE CAN’T DO WHAT I CAN DO FINANCIALLY FOR THE PEOPLE LESS BLESSED THAN I AM, I LIKE TO KNOW HOW MUCH SHE HAS DONE THE WAY OF HELPING PEOPLE. TELL ME, BERNIE, HOW MUCH TIME DO YOU FEEL THE PAGE OF THESE PEOPLE? TELL ME HOW YOU EXPRESS THAT PAIN IN YOUR EFFORTS PERSONALLY? I WATCH ALL THE POLITICIANS ON TELEVISION, TALKING ABOUT HOW THEY FEEL PEOPLE’S PAIN, ON AND ON, THEY LEAVE, BOTH PARTIES, AND YOU CAN’T FIND THEM. YOU CAN’T FIND THEM OUT OF — TRISH: PAIN FOR POLITICAL PURPOSES?>>LOOK, POLITICIANS ARE BE ARE WHAT POLITICIANS ARE. THEY ARE GOING TO BE THAT. WE NEED THEM, BUT WE DON’T HAVE TO LIKE THEM BUT WE NEED THEM. OF MONEY. EVERY NICKEL WE HAVE GIVEN AWAY WE MADE BACK. EVERY NICKEL. THE TIME ELAINE GIVES, BOYS CLUB IN NEW YORK. VERY ACTIVE AT THE ANIMAL MEDICAL CENTER. I’M ACTIVE AT HARLEM’S CHILDREN. MACDONALD. THE POINT I’M MAKING IS, THE PEOPLE ESPOUSING THIS NONSENSE, SPEWING IT OUT BLOW EIGHTING ABOUT IT, I WOULD LIKE TO SIT DOWN, TELL ME WHAT YOU’VE DONE TO GIVE A KID A BREAK. TELL ME HOW TIMES YOU WENT TO A

24 Comments on "Capitalism isn’t perfect, but it’s the best thing out there: Ken Langone"


  1. Capitalism is basically "keeping your word" (contracts) and "keeping your stuff" (private property). In free trade all parties come away with more value (to them, of course) than they traded away. What's not to love?

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  2. Trish, capitalism probably works for you because when yiu see 3.6 trillion, you read 32.5 trillion! 😂❤️💕💓

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  3. Capitalism doesn't work because it doesn't preserve the premises on which its working depends. That is to say, capitalism is logically impossible as a system of economics that continues indefinitely. This was establised 2,509 years ago by Aristotle.

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  4. its 21st century, why still talk about ideology?
    why american still live in cold war era?

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  5. If capitalism is so perfect, why do US have more school-murders, more opioid-addicted, decreasing health and
    poorer school results than many european countries ? There is a reason why Gordon Ramsey dont want his
    children to inherit his money: He knows how stupid or/and unsatisfied many rich kids are.

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  6. Does Langone think that if someone offered something better than capitalism, that capitalism, through the natural morality and natural justice of the free market principle, would let that person sell their wares?

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  7. What people don't understand is that in secret societies like the freemasons and some Mafia families, communism works. It makes these people fantastically wealthy at the expense of the partisan nationalist muggles who are forced to waste all their resources and efforts competing with each other. All that waste is collected up by the "crypto communists" as Margaret Thatcher called them, a few months before her career in politics came to an abrupt and ignominious end.

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  8. There are different forms of socialism. Take a trip to Iceland – the democratic socialism works pretty fucking well! And Iceland is the only country in the world that puts corrupt bankers in prison.

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  9. Also, and I say this as someone who doesn't hate capitalism, the destruction of the planet is a direct result of the idea of "profit margin" (which IS capitalism) that emerged from the Industrial Revolution.

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  10. Tax Dollars for the Farmers-SOCIALISM! Tax Dollars for Big Businesses-SOCIALISM! Tax Dollars for BANKS-SOCIALISM! Tax Dollars for Rich( tax cuts) -SOCIALISM! Tax Dollars for Traitor FtRump's Crime Family-SOCIALISM!

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  11. Since, Langone likes to quote British PM’s. “Socialist governments traditionally do make a financial mess. They always run out of other people’s money.” Margaret Thatcher PM – February 1976

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  12. Wells Fargo
    Perfect example of what is wrong with unchecked Capitalism. Fraud… Fraud and more and more Fraud. I suggest, if you don't like the far left ideas… you get this, so called, capitalism under control. You can't have Capitalism and more fraud on Wall Street than on Main Street. The crime is at an all time high. IN Capitalism.

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  13. Langone? Filthy Sicilian. These assholes ruined New York back when my dad was growing up in the Bronx. Irish and proud.

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  14. I was born in China and came to U.K. in 2004 when I was 21.

    What I feel there is no best social system, there is only the most suitable system. All nations have different histories. One work for you may not for others.

    History and culture decides the characteristic of the nation. So there is no best nor worst.

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  15. Glad to hear the man that helped put almost all the mom and pop stores that did give great customer service around the United States out of business thinking about people, does this mean you will open up all your registers now instead of 1 and self check outs and have someone close by to actually help the customers without them having to search for them SIR! I call that corporatism not capitalism.

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  16. 🌱 The Turn of The Century is Repeating Itself: Read The Book…I Love Capitalism! Let's Go Vote Again! This MIDTERM ELECTION Tuesday, November 6, 2018.

    Reply

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