this post was submitted on 09 Sep 2023
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Politics

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Billionaire Leon Cooperman was on the verge of tears while speaking about his concern about "the lefties" and their progressive outlook on capitalism.

"I've lived the American dream. I'm trying to convince people like [Senators] Elizabeth Warren, Bernie Sanders and AOC (Rep. Alexandria Ocasio-Cortez)—don't move away from capitalism. Capitalism is the best system," Cooperman said on CNBC's Squawk Box on Friday while holding back tears. "I get choked up when I talk about it because basically, my father came to America at the age of 12 as a plumber's apprentice. No education."

"I went to public school in the Bronx, high school in the Bronx, college in the Bronx. I started my career in Wall Street the day after I got my MBA from Columbia. I had no money. I couldn't afford a vacation. I made a lot of money. I'm giving it all back," Cooperman said before co-anchor Rebecca Quick stepped in as he choked up.

"Giving it all back?" Give me a fucking break, asshole.

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[–] bermuda 64 points 1 year ago (13 children)

capitalism is the best system

guy who made lots of money under capitalism expresses that capitalism is the best system

[–] agegamon 20 points 1 year ago* (last edited 1 year ago) (12 children)

There are two groups of people who support capitalism as it exists today:

  1. The truly rich, the 1%, who exclusively got that way by exploiting the 99% as much as physically possible, and

  2. The portion of the 99% who've been brainwashed through various methods into thinking that they can become rich -or- that the rich will "watch out for them" or some equivalent fairytale

[–] Dark_Arc@social.packetloss.gg 7 points 1 year ago* (last edited 1 year ago) (11 children)

There are two groups of people:

Those that think there are two groups of people, and those that don't.

The premise that socialism is better relies on the government not becoming corrupt. When it fails, it's really bad.

Capitalism also functions great when the government isn't corrupt ... it gives consumers choice and fails much more softly.

If you look at examples of cooperatives, socialist utopia projects, etc.. they break down much for the same reason capitalism has broken down for the majority of people in the US... The largest party is the party that doesn't vote, and of those that vote half of them don't know what they're voting for, and of those that know what they're voting for half of them are basing their votes on misinformation.

Managing society takes work from everybody in society. There's no easy button that keeps the train on the tracks.

To be fair, you did qualify "as it exists today" and that makes a difference. However, the point is it's not capitalism that failed us, in many ways it's ourselves, our parents, and/or our grandparents not paying attention and elected the right people. Similarly those same people buy the cheapest thing in Walmart and don't stop to ask themselves why it's so cheap.

Union busting, the manufacturing exodus, etc, it all could've been stopped if people had just paid more attention. You'll never get me to trust that by moving to socialism as an economic model people are suddenly going to pay more attention and not fuck it up.

[–] TokenBoomer 1 points 1 year ago (1 children)

I don’t feel like debunking this crap, but you’re wrong and placing the blame on individuals.

[–] Dark_Arc@social.packetloss.gg 2 points 1 year ago

Cooperations aren't people, but society sure as heck is.

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