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Charlie Munger — the billionaire investor and Berkshire Hathaway Vice Chairman — insisted the “Communists did the right thing” while talking about the Chinese regime’s oppression of it citizens and businessmen in China. Following criticism of the Chinese Communist Party’s financial and regulatory system, Ma disappeared for months from the public eye. Many suspected he had been arrested or even killed by the Chinese Communist Party. While Ma has since been seen in public, Chinese authorities have summoned him for questioning and quashed his forthcoming Ant Group initial public offering (IPO). To Munger, however, the “Communists did the right thing.” The establishment Republican billionaire, who claimed Donald Trump wasn’t “morally qualified” to be President, made the claim on a CNBC feature with Becky Quick focused on his relationship with his longtime business partner Warren Buffet. Speaking about financial regulation in the U.S., Munger asserted that “the communist Chinese behave the way I am talking in favor of, and our own wonderful free enterprise economy is letting all these crazy people go to this gross excess.”

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