ELIZABETH WARREN SUGGESTING OUR
RULES AND REGULATIONS ARE TOO
LOOSE IN THIS COUNTRY.
IS SHE RIGHT?
DO WE NEED MORE RULES AND
REGULATIONS FOR CAPITALISM TO
WORK BETTER?
>> SHE IS A FRIGHTENING WOMAN.
SHE STAND UP THE OLD -- THE OLD
STRAW MAN.
IT'S SIMPLY NOT TRUE.
FOR HER TO SUGGEST COMPANIES
HAVE BECOME SUCCESSFUL BY
CHEATING CUSTOMERS?
IS THAT HOW MICROSOFT AND AMAZON
GOT SUCCESSFUL?
SHE IS A DANGER TO OUR WAY OF
LIFE.
THE FACT THAT SHE HAS STOOD
BEFORE STUDENTS ALL THESE YEARS
IS SOBERING AND SCARY.
>> HER CLAIM TO FAME IS THE
CONSUMER PROTECTION BUREAU AND
DODD-FRANK.
IN THE MIDST OF A HORRIBLE
CRASH, SHE COULD BLAME BANKS.
THAT'S WHAT SHE HAS TO RUN ON
AND SHE WON'T LET IT GO EASILY.
LET'S TAKE THE BANK EXPERIENCE
AND MAKE IT AS HORRIFYING AS WE
CAN FOR INDIVIDUALS.
SHE IS SAYING ALL COMPANIES
BEHAVE AS BADLY AS THE WORST
BEHAVING BANKS AND HEDGE FUNDS.
SHE KNOWS IT ISN'T TRUE BECAUSE
SHE IS A SMART WOMAN.
BUT THIS IS WHY HER NEGATIVES
ARE SO HIGH.
SHE COMES ACROSS AS A NANNY
LECTURER.
>> I AM OKAY WITH SOME
GUIDELINES, RULES OF THE ROAD.
BUT TO JONATHON'S POINT.
IF YOU ARE JUST A TERRIBLE
BUSINESS PERSON, YOU ARE JUST
HOSING EVERY SINGLE PERSON YOU
ARE DOING BUSINESS WITH.
THAT'S NOT GOING TO LAST.
MAYBE IT TAKES TOO LONG IN AN
IDEAL WORLD.
BUT CHARACTERWISE.
>> I THINK WHAT JONATHON MEANT
TO SAY IS THE RULES OF
CAPITALISM ARE CAPITAL I AM.
THAT'S WHY COMPANIES GO OUT OF
BUSINESS.
WE DIDN'T NEED THE GOVERNMENT TO
BREAK UP STANDARD OIL.
THEY ARE ALREADY IN THE PROCESS
OF BREAKING UP FROM COMPETITION.
WE DIDN'T NEED THE GOVERNMENT TO
STEP IN AND SUE IBM FOR BEING A
MONOPOLY.
THEY ARE EATEN AWAY BY MANY
COMPETITORS.
NETSCAPE VANISHED BECAUSE OF
COMPETITION.
J & J SUFFERED WITH THE TYLENOL
SCARE.
ELIZABETH WARREN IS LIKE ANY
OTHER POLITICIAN WHO ONLY SERVED
TIME IN ACADEMIA OR POLITICS
LIKE BERNIE SANDERS.
THEY NEVER HAD A PAYCHECK
OUTSIDE IN THEIR LIFE SO THEY
DON'T KNOW WHAT CAPITAL I AM IS
REALLY LIKE.
IF CAPITALISM IS ALLOWED TO
FLOURISH IT WILL TAKE CARE OF
ITSELF.
>> THE BASIC RESPECT FOR
PROPERTY RIGHTS AND FAIR TRADE.
IF A COMPANY SCREWS YOU, YOU
HAVE LEGAL RECOURSE.
BUT IF ELIZABETH WARREN AND AOC
COMES WITH THEIR GUNS AND TAKE
70% OF YOUR WEALTH, YOU HAVE NO
RECOURSE.
DAVID: THAT'S A GOOD POINT.
I WOULD SAY RULE NUMBER ONE FOR
CAPITALISM IS RESPECT FOR
PRIVATE PROPERTY.
HER WEALTH TAX WHICH IS
ESSENTIALLY CONFISCATION OF
PRIVATE PROPERTY BY THE STATE IS
A VIOLATION OF RULE NUMBER ONE.
>> YOU DIDN'T EARN THAT, THAT'S
NOT YOUR WEALTH.
>> I THINK THIS IS BAD FOR THE
COUNTRY.
THE WHOLE PROJECTION FROM THE
LEFT NOW IS THAT THE TABLES ARE
NOT EQUAL.
YOU DON'T HAVE AN OPPORTUNITY.
I THINK REPUBLICANS NEED TO GET
BACK TO TALKING ABOUT
OPPORTUNITY.
AND I THINK THAT BEGINS WITH
EDUCATION.
SOMETHING NO ONE WANTS TO TALK
ABOUT IN THIS CYCLE OTHER LAST
