Obama warns about dangers of market-based systems: 'Compatible with slavery'

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Jenny Goldsberry covers social media and trending news for the Washington Examiner. She’s a 2020 Brigham Young University graduate with a major in communications and minor in Japanese. She was born in Utah and has previous newsroom experience at the Salt Lake Tribune and Utah’s NPR station.

Former President Barack Obama offered a dire warning of market-based economic systems at a huge reunion celebrating 15 years since he won the presidency.

President @BarackObama on the need for an inclusive economy at today’s #DemocracyForum pic.twitter.com/WzAMgGixtW"But just because an economic system generated wealth and innovation doesn’t mean it guarantees a good society," Obama said."Because from the outset, market-based systems have been compatible with slavery, caste systems, colonialization, war, exploration, corruption, fraud, autocracy, the poisoning of our natural environment.

 

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