via CNBC, Buffett responded to a question regarding boycotting the summer Olympics
1:38 pm: When asked if he would encourage Coca-Cola to boycott the Beijing Olympics over Tibet, Buffett says he thinks every country should participate in the Olympics. Olympics are a “wonderful event” and contribute to a better world over time. Munger adds that he thinks China, while imperfect, is moving in the right direction. Buffett says the U.S. is also moving in the right direction, because at one time it denied the vote to blacks and women.
I agree. I’ve been to Shenzhen China, across the border from Hong Kong, multiple times on business. While visiting, I see a vibrant economy, and people enjoying (some) freedom, working hard and enjoying life.
Have I seen signs of an authoritarian government, you bet. I’ve been in a circumstance where a cab driver wouldn’t pick us up. I’ve been watching a TV program when the government pulled the plug because Tibet was being discussed.
Yet, you get the inevitable feeling of a country moving forward, and making progress with steps that can’t be undone.
