Buffett: Prosperous Nations Have 'Obligation' to Aid 'Roadkill' of Economic Progress
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Warren Buffett believes prosperous nations like the U.S. have an obligation to support citizens adversely impacted by circumstances beyond their control.
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He used the term "roadkill" to describe people facing challenges through no fault of their own that affluent countries should assist.
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Buffett highlighted the U.S.'s high GDP per capita as an indicator of its economic strength and capacity to aid struggling citizens.
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He acknowledged free trade's benefits but said its consequences for certain demographics should not be ignored.
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Buffett reflected on how economic evolution impacted his company Berkshire Hathaway, underscoring the need to support those affected.