Scott Becker

But again, I'm not an American hero for doing so, but Michael Lieber takes the cake as the American hero.

That's all we have today on the Becker Business Podcast, the Becker Private Equity Podcast.

Thank you for listening to the podcast.

This is Scott Becker with the Becker Private Equity and the Becker Business Podcast.

Today's discussion is capitalism, two quick points.

So here's the point, and this comes out of – the first point is this, and it comes out of a Twitter post, a quote that I had shared on Twitter.

So, for example, you see people leave in Cuba, Venezuela, other places by rafts, doing anything they can to get to this country that is, in the big scheme of things, a very vibrant economy, even if we're over-inflating it with too much deficit spending.

But you do see people going with rafts from those socialist countries to try and get here

You don't see anybody trying to leave here in a raft, risking death to get to socialist countries.

I think that's a great defense of capitalism.

The second thing I'll say about capitalism, and not everybody's going to love this, but it is clearly an imperfect system.

Not even a question.

It's like many have said.

It's like democracy.

It's the best of many, many other bad systems, but the best of the systems that are out there.

You could have a controlled economy, a socialist economy, a communist economy.

Sooner or later, those economies become even a billion times more corrupt than almost any capitalist economy, although you've got plenty of corruption in the dictator-driven capitalist countries.

In any event, defensive capitalism, no one's leaving here on a raft to go to a socialist country.

Second, it might not be a great system, but it's the best system that we have.

And I know that's a little bit like I have a close friend who's short, and that's like calling him the tallest midget.