The Minutes

On the record about

capitalism

5 people · 29 quotes · 7 Apr 2017 to 19 Jun 2026

Who is on this subjectordered by the date of their first quote here

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    1. Bill Gurley

      Gurley argues democracy and capitalism are separate systems that will kill each other if given enough time.

      “I have a very strong belief that democracy and capitalism will kill each other if you give them enough time. And they're separate things.”

      7 Apr 2017 · This Week in Startups · 29:35 · source · permalink
    2. Bill Gurley

      Gurley argues the most regulated US industries like finance, telecom, and healthcare become the least capitalistic.

      “what happens is capitalism and democracy evolve over time, especially in The US federal system. The most regulated industries become the ones that are least capitalistic. And so finance, telecom, healthcare are completely,”

      7 Apr 2017 · This Week in Startups · 29:57 · source · permalink
    3. Bill Gurley

      Gurley says the most regulated industries like finance, telecom, and healthcare become the least capitalistic due to regulatory capture.

      “The most regulated industries become the ones that are least capitalistic. And so finance, telecom, healthcare are completely, you know, notion of regulatory capture.”

      7 Apr 2017 · This Week in Startups · 30:04 · source · permalink
    1. Stanley Druckenmiller

      Druckenmiller says U.S. poverty fell from 26% decades ago to 16% in 2008 to 13% now, an all-time low.

      “It was 26% a few decades ago. It was 16% in the financial crisis and it's 13% now. It's at an all time low. Is 13 poverty rate low enough?”

      19 Dec 2019 · Bloomberg Television · 35:20 · source · permalink
    2. Stanley Druckenmiller

      Druckenmiller says one billion people left extreme poverty since 1999 while 2,500 billionaires were created globally.

      “Or let's look at globally. You've got since 1999, when you had a billion seven people in the world in extreme poverty. The number today is 700,000,000.”

      19 Dec 2019 · Bloomberg Television · 35:51 · source · permalink
    3. “So 1,000,000,000 people have been lifted out of extreme poverty in the last twenty years. Why? Because obviously India and China adopted a free market model.”

      19 Dec 2019 · Bloomberg Television · 36:07 · source · permalink
    4. Stanley Druckenmiller

      Druckenmiller argues that for every billionaire created, 400,000 people exited extreme poverty over the same period.

      “And with regard to all this other talk about billionaires and so forth. So during that same period, you've created 2,500 billionaires, but you've brought a billion people out of poverty.”

      19 Dec 2019 · Bloomberg Television · 36:21 · source · permalink
    1. “Let's just take poverty in The United States. It was 26% a few decades ago. It was 16% in the financial crisis, and it's 13% now. It's at an all time low.”

      6 Jan 2020 · Bloomberg Television · 20:08 · source · permalink
    2. Stanley Druckenmiller

      Druckenmiller warns Trump reelection and subsequent implosion would unfairly discredit capitalism despite Trump being anti-capitalist.

      “You know, it it's funny because Trump if if if things if Trump gets reelected and things implode in the second term, capitalism will get a very bad name in my opinion, and will probably have a big political response, but it will be under someone who's sort of the antithesis of capitalism.”

      6 Jan 2020 · Bloomberg Television · 22:52 · source · permalink
    3. Brad Gerstner

      Gerstner argues backlash against capitalism stems from technology revolution displacing human labor, not capitalism itself.

      “I would argue that's not really a feature of capitalism so much as it's a feature of a technology revolution.”

      27 Oct 2020 · Invest Like the Best · 1:14:56 · source · permalink
    4. Brad Gerstner

      Gerstner predicts global wealth will increase but distribution will become more concentrated due to technology.

      “Global wealth, as measured by the mountain of labor and capital that exists in the world, the conveniences that will be available to people will be better than they've ever been before, but the distribution of those will be way more concentrated as we've already seen.”

      27 Oct 2020 · Invest Like the Best · 1:15:30 · source · permalink
    5. Brad Gerstner

      Gerstner warns AI and ML will increase productivity but concentrate wealth distribution even more than today.

      “Global wealth, as measured by the mountain of labor and capital that exists in the world, the conveniences that will be available to people will be better than they've ever been before, but the distribution of those will be way more concentrated”

      27 Oct 2020 · Invest Like the Best · 1:15:30 · source · permalink
    1. Brad Gerstner

      Gerstner cites that 44% of Americans aged 18-29 believe socialism is superior to capitalism.

      “Joe, among the age group 18 29, 44% of that group believe socialism is a superior form of organizing government than capitalism.”

      25 Oct 2023 · Joe Lonsdale · 19:08 · source · permalink
    2. Brad Gerstner

      Gerstner says the accounts would grow to $12,000 by age 10, giving kids ownership stakes in major companies.

      “At 10 years old, you'll have $12,000 in that account. You see that you own a little bit of Tesla, of of Microsoft, of UnitedHealthcare.”

      8 Nov 2023 · CNBC Television · 1:44 · source · permalink
    1. Brad Gerstner

      Gerstner cites Pew and Gallup showing less than half of under-40s believe in capitalism as existential risk.

      “You know less, according to Pew and Gallup, less than half of people under the age of 40 believe in capitalism, Okay? That's the existential risk to this incredible experiment we're all on, right?”

      31 Jan 2024 · iConnections · 24:17 · source · permalink
    2. Brad Gerstner

      Gerstner says US GDP per capita is 100x Nicaragua's today versus equal 100 years ago.

      “The today, the GDP per capita of The United States to Nicaragua is a 100 x. Why? Right? We're living at a time where I think there's a lot of controversy about capitalism.”

      1 Oct 2024 · Summit · 12:20 · source · permalink
    3. Brad Gerstner

      Gerstner claims all human GDP growth occurred after America's founding and wealth of nations publication.

      “So we have two thousand years, you have no GDP growth. And it all happens to magically line up with, you know, the founding of America, the wealth of nations, limited government, entrepreneurialism, etcetera.”

      10 Dec 2024 · Hoover Institution · 17:15 · source · permalink
    4. Brad Gerstner

      Gerstner says less than half of Americans under 40 believe in capitalism, prompting his proposal.

      “Okay? He said the Marxists are going to hate this because every child from birth is going to be aligned with capital Right?”

      10 Dec 2024 · Hoover Institution · 57:59 · source · permalink
    1. Brad Gerstner

      Gerstner says less than half of under-40s believe in capitalism, making private accounts critical.

      “Less than half of people under the age of 40 believe in it. Okay? Gallup, Pew, Axios, we have all the data.”

      12 Feb 2025 · Milken Institute · 17:41 · source · permalink
    2. Brad Gerstner

      Gerstner says 70% of Americans don't participate in market upside and less than half under 40 favor capitalism.

      “They don't have accounts that compound. They feel left out. They feel left behind. Less than half of people under the age of 40 have a favorable view of capitalism.”

      5 Jun 2025 · Bloomberg Live · 1:27 · source · permalink
    3. Brad Gerstner

      Gerstner asserts less than half of people under 40 believe in capitalism.

      “There's a reason less than half of people under the age of 40 believe in capitalism, Ed.”

      4 Dec 2025 · Prof G Markets · 21:53 · source · permalink
    4. Bill Gurley

      Gurley argues invisible hand capitalism with hyper competition is actively happening in China despite communist label.

      “So I think the thing that a lot of people in Silicon Valley love about capitalism is this notion of the invisible hand and competition that leads to innovation and best practice, and the winners rise up and they're better for it. That is happening there.”

      17 Dec 2025 · Tim Ferriss · 20:59 · source · permalink
    1. Brad Gerstner

      Gerstner announces 60 million Invest America Trump accounts to be created by June this year.

      “Lots more to come, Scott. 60,000,000 accounts created this year by June. Invest America Trump accounts are gonna change the game. It's gonna be a massive change for this country.”

      6 Jan 2026 · CNBC Television · 4:11 · source · permalink
    2. Bill Gurley

      Gurley argues capitalism and democracy corrupt each other over time, with most broken industries being most regulated.

      “No, I think it's gotten worse over time. I made up this statement once that capitalism and democracy corrupt each other over time. Like at the starting state, everything's fine.”

      12 Feb 2026 · Tetragrammaton with Rick Rubin · 22:09 · source · permalink
    3. Bill Gurley

      Gurley states capitalism and democracy corrupt each other over time as they commingle.

      “I made up this statement once that capitalism and democracy corrupt each other over time. Like at the starting state, everything's fine.”

      12 Feb 2026 · Tetragrammaton with Rick Rubin · 22:11 · source · permalink
    4. Bill Gurley

      Gurley states capitalism and democracy corrupt each other over time through prolonged commingling.

      “capitalism and democracy corrupt each other over time. Like at the starting state, everything's fine. But as they get to commingle for a really, really, really long period of time”

      12 Feb 2026 · Tetragrammaton with Rick Rubin · 22:14 · source · permalink
    5. Chamath Palihapitiya

      Palihapitiya questions whether vulnerabilities can be fixed in months when capitalism drives forward regardless

      “What do you think they can actually accomplish in two months? Do you actually think that if there's these vulnerabilities, it's all gonna get fixed?”

      10 Apr 2026 · All-In Podcast · 16:21 · source · permalink
    6. David Friedberg

      Friedberg frames the anti-capitalism argument as compounding advantages eventually making it hard for others to compete effectively.

      “The problem with compounding in any is it eventually eats all of the whatever is in the system or it makes it hard for others to compete in that system or participate effectively in that system. And that's the argument that's being made today against capitalism.”

      12 May 2026 · All-In Podcast · 1:26:05 · source · permalink
    7. David Friedberg

      Friedberg calls Warren, Sanders, and Khanna the true oligarchs forming a politburo to control the economy.

      “So basically, the Politburo is the leaders who elect themselves to dictate the flow of the economy, the allocation of capital, what work individuals are allowed to do and what activities they're allowed to do in an unfree society, which is what they're creating. They are the true oligarchs and this is Elizabeth Warren, Bernie Sanders, Ro Khanna.”

      19 Jun 2026 · All-In Podcast · 3:19 · source · permalink

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