Buffet has un unshakable faith in capitalism. So do I – not only by reasoning but because I lived under communism. But the “natural regenerative juices of capitalism” that he mentions have been spilled by policies which do not have anything to do with capitalism but all to do with ideologically-based class warfare.
The socio-economic class under attack is the middle class.
Where is the demand to fuel a recovery? Where are the jobs to fuel the demand? Perhaps Mr. Buffet, with all his intelligence, stands too high to see the hardships affecting the immense majority of Americans.