Sunday, October 21, 2012

Jim Rogers ~ Capitalism is Dying in Most of the West

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

In this 26 minute interview, Jason Burack of Wall St for Main St interviews Jim Rogers about Capitalism and the state of Capitalism in the developed and Western world versus Capitalism in developing countries. Jim also talks about why politicians and governments love Keynesian Economics so much and why it's still the only economic theory taught at most universities globally. The world macroeconomic situation, the Japan/China conflict and other important topics are also discussed.

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