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.
Obama was in Chicago on Friday for the Obama Foundation’s Democracy Forum, where he delivered a speech. His foundation later posted a clip on X, formerly known as Twitter.
“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.”