Billionaire Says US Should Learn From China's Authoritarianism

Let me tell you folks, Munger is not the only big business billionaire that thinks this way. In my opinion, they’ve collectively worked to make Chinese Communist Party companies competitive at our expense. They have representatives in our government that give official legal breaks to these companies which does give them a competitive advantage over our companies. You see, our own people have made it so Chinese companies don’t have to even meet auditing and reporting requirements to be on our stock exchange. While we are making some headway against these practices, we have far to go to eliminate pro-Chinese Communist Party infiltrators in our society.