Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

1996-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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The Importance of Social Intervention in Capitalism

"I don't want to start getting into comparable worth in terms of how I tax it," he says. "If you are lucky enough to have something that the market system rewards, you do very well here." He would say a certain amount of social intervention takes some of the inequality out of results in capitalism. 'But I hate with a passion rewarding anything that can be easily faked because then people lie and lying works'

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