Kevin O'Leary
👤 SpeakerAppearances Over Time
Podcast Appearances
Well, capitalism is built into the constitution, which I think was genius because it couldn't have even thought that far ahead was the idea of competition between states.
Why is there an exodus out of New York city to Miami where I live?
Why are,
people leaving new jersey and massachusetts and moving into my building nobody in my building is from florida they're all from other states i understand all of these people moving why because they're reaching retirement age and the the environment in these other states is not conducive to their lifestyle uh when they're but i think you're making my point for me you just listed states that use a higher percentage of taxpayer dollars for private industry
Wait a second, New York is not, New York is an inefficiently run.
That's the opposite of capitalism.
I'm saying that—no, you're—that is incorrect.
I didn't say that.
I said what makes capitalism work is competition.
And it does work.
And it has worked for hundreds of years.
And so the concept, you may not like the policy of giving incentives for manufacturers and real estate.
You may not like it.
And I understand you don't.
But you don't have to do it.
A state can stop doing it.
And then for a while, maybe, they'll be less competitive in terms of getting new projects.
I didn't make those rules up.
I'm a football player on the field of capitalism.
I have to play by the rules.