Warren Buffett Pens a Dangerously Misleading Letter to Americans

Click here to access article by Pam Martens and Russ Martens from Wall Street on Parade.

Warren Buffett, the CEO of Berkshire Hathaway, authors an annual letter to shareholders that receives wide media coverage for the nuggets of wisdom dispersed to the masses.

The Martens make the following comment about some remarks Buffet makes in his letter:

Much of what Buffett has to say in this letter sounds like unadulterated propaganda to reassure the 99 percent that his amassing of a net worth of $76.3 billion was a result of America’s great economic system which is percolating along just fine. 

But, isn't this, except for the last clause, absolutely true? No other system has been invented that can rival the capitalist system's ability to accrue fabulous wealth to individuals.