Berkshire Hathaway Annual Shareholder Meetings (since 1994) cover image

2008-Afternoon Session-BRK Annual Shareholders Meeting

Berkshire Hathaway Annual Shareholder Meetings (since 1994)

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Discussion on Negative Aspects of American Industry and Future of Mass Transit

This chapter explores the negative aspects of certain practices in American industry, including the influence of Ayn Rand and the belief in the desirability of any natural response in a free market system. It also touches on the role of the U.S. Constitution and property rights in finance and economics. The chapter concludes with a discussion on the future of mass transit in the U.S., suggesting that the public's preference for individual car ownership will hinder its expansion.

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