Buffett on People ‘Who Just Don’t Fit’ in the Economy: ‘We’ll Send Them off to Afghanistan’

‘We’ll send them off to Afghanistan, but they are not going to command a big price’

Berkshire Hathaway CEO Warren Buffett told Bloomberg that many Americans "just don't fit" in today's modern economy -- but that's OK, because "we'll send them off to Afghanistan.

Here's an excerpt: 

"You want everybody educated to their potential. You want people to reach their potential. That still won't work for some people in a highly developed market system.

I mean if this were a sports-based system, you could give me a PhD in football, and I could practice eight hours a day, and I might be able to carry the water from, not onto the field, but from the locker room to the bench. There's just some people don't fit well into a highly skilled market-based economy.

They're perfectly decent citizens. We'll send them off to Afghanistan, but they are not going to command a big price."

Video files
Full
Compact
Audio files
Full
Compact