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Warren Buffett Doesn't Believe Socialism Works

Credit: Wochit News
Published on May 4, 2019 - Duration: 00:43s

Warren Buffett Doesn't Believe Socialism Works

Business Insider reports Warren Buffett does not believe the US is headed for socialism any time in the near future.

At Saturday's Berkshire Hathaway annual meeting, Buffett said,"I don't think the country will go into socialism in 2020, or 2040, or 2060.

In a recent Gallup poll, socialism polled better among young Americans and Democrats than capitalism.

Buffett, meanwhile, calls himself a "card-carrying capitalist.

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Warren Buffett Doesn't Believe Socialism Works

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