{"id":2090230,"date":"2023-11-04T15:43:01","date_gmt":"2023-11-04T19:43:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/obama-warns-about-dangers-of-market-based-systems-compatible-with-slavery\/"},"modified":"2023-11-04T15:47:07","modified_gmt":"2023-11-04T19:47:07","slug":"obama-warns-about-dangers-of-market-based-systems-compatible-with-slavery","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/obama-warns-about-dangers-of-market-based-systems-compatible-with-slavery\/","title":{"rendered":"Obama cautions against market-based systems, comparing them to slavery."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fobama-warns-about-dangers-of-market-based-systems-compatible-with-slavery%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2090230&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Former President Barack Obama\u200d Warns of Market-Based Economic Systems<\/h2>\n<p>Former President Barack \u2062Obama delivered a powerful speech at the Obama Foundation&#8217;s \u2064Democracy Forum in Chicago, \u200cmarking 15 years \u2063since\u200d his\u200b historic election victory. During his address, Obama issued a \u2064dire warning about the limitations of market-based <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/cornell-professor-invents-critical-race-theory-watchdog-site\/\" title=\"Cornell Professor Invents Critical Race Theory Watchdog Site\">economic systems<\/a>.<\/p>\n<blockquote>\n<p>&#8220;But just because an economic system \u2064generated wealth and innovation doesn\u2019t mean it guarantees a good society,&#8221; \u200bObama emphasized. \u2064&#8221;From the outset, market-based systems have been compatible with slavery, caste systems, colonialization, war, exploration, corruption, \u200dfraud,\u2062 autocracy, and the poisoning of our natural environment.&#8221;<\/p>\n<\/blockquote>\n<p>The audience responded with applause as Obama highlighted the dark side of market-based systems. He went on to credit Democratic governments for their role in &#8220;moderating capitalism&#8217;s\u200c excesses&#8221; through the implementation of a &#8220;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/federal-spending-interest-payments-in-focus-as-national-debt-tops-33-trillion\/\" title=\"National debt surpasses  trillion, spotlight on federal spending and interest payments.\">social\u200d safety net<\/a>.&#8221; According to Obama, it is crucial for young \u2062leaders to reimagine and reshape the\u200d <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/desantis-releases-his-10-point-declaration-of-economic-independence-policy-platform\/\" title=\"DeSantis unveils 10-point plan for economic independence.\">economic \u200dsystem<\/a> to align with democratic values.<\/p>\n<p>&#8220;Especially \u2064after the Great Depression and World\u2064 War II, \u200cgovernments began \u2064investing in education,\u200d transportation, scientific research, and housing projects,&#8221; Obama explained.<\/p>\n<p>Obama and his wife, Michelle, established \u200dthe Obama Foundation in 2014.\u200d The forum, which took place on Friday, served as a \u200dcommemoration of the 15th anniversary of Obama&#8217;s presidency. The \u2064<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/obama-warns-about-dangers-of-market-based-systems-compatible-with-slavery\/\" title=\"Obama cautions against market-based systems, comparing them to slavery.\">event \u200cfeatured esteemed guests<\/a> such as CEOs, professors, actress Regina\u2064 Hall, and PBS anchor Judy Woodruff.<\/p>\n<p>In addition \u200bto discussing economic systems, Obama\u2062 briefly addressed the ongoing conflict between Israel and\u200d Hamas, stating that it has prompted \u2062a &#8220;moral \u2062reckoning&#8221;\u2064 for all of us.<\/p>\n<h3>Click here \u2062to read more from\u200d The Washington Examiner<\/h3>\n<p> <\/p>\n<h2> In addition to economic systems, \u200cwhat other topic did Obama briefly \u200daddress during his speech at the Obama Foundation&#8217;s\u2064 Democracy \u2064Forum<\/h2>\n<p><span>  Former President Barack Obama delivered a powerful speech at the Obama Foundation&#8217;s\u2063 Democracy Forum in Chicago, marking 15 years \u2062since his historic election victory.\u2063 During his address, Obama\u2064 issued a dire warning about the limitations \u2062of market-based economic systems.<\/p>\n<p>&#8220;But just because\u200b an economic system\u2063 generated wealth \u200cand innovation doesn\u2019t mean\u2064 it guarantees a good society,&#8221; Obama emphasized. &#8220;From \u200dthe outset, market-based systems have been compatible with slavery, caste systems, colonialization, war, exploration, corruption, fraud, autocracy, and the poisoning of our\u200d natural environment.&#8221;<\/p>\n<p>The audience \u2062responded with\u200b applause as Obama highlighted the dark side of market-based systems. He \u200cwent on to credit Democratic \u2063governments \u2062for\u200b their role in &#8220;moderating capitalism&#8217;s excesses&#8221; through the implementation of a &#8220;<a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/erickson-let-david-slay-goliath\/\" title=\"ERICKSON: Let David Slay Goliath\">social safety net<\/a>.&#8221; \u200dAccording\u200c to Obama, it is crucial for young leaders to \u2062reimagine\u2062 and \u200breshape the economic system to align \u200dwith democratic values.<\/p>\n<p>&#8220;Especially \u2062after the Great Depression and World War II, governments began \u2062investing in education, transportation, scientific \u2064research, and \u2063housing projects,&#8221; \u2063Obama explained.<\/p>\n<p>Obama and his wife, Michelle, established the Obama \u200cFoundation \u2064in\u2063 2014. The \u2062forum, which took \u2064place on \u200bFriday, served as a commemoration of the 15th \u200banniversary of\u200d Obama&#8217;s presidency. The event \u2063featured esteemed guests such as CEOs, professors, actress Regina Hall, and PBS anchor Judy Woodruff.<\/p>\n<p>In addition to discussing economic \u200csystems, Obama \u200dbriefly addressed the ongoing conflict between \u200bIsrael and Hamas, stating\u2064 that\u2062 it \u2062has prompted a &#8220;moral reckoning&#8221; for all of us.<\/p>\n<p>The\u2062 Washington Examiner offers more \u2063articles \u2064on this topic. Click here\u2063 to read more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former President Barack Obama issued a grave caution about market-based economies during a grand reunion commemorating his 15-year presidency victory. Obama spoke at the Obama Foundation&#8217;s Democracy Forum in Chicago, sharing his thoughts in a speech. A snippet of his address was subsequently shared on X (formerly Twitter) by his foundation. WHITE HOUSE.<\/p>\n","protected":false},"author":1,"featured_media":2090231,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2090230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2090230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2090230"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2090230\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2090231"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2090230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2090230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2090230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}