Obama: ‘There is Little Difference Between Capitalism and Communism’, ‘Just Decide What Works’

When President Obama spoke before an audience of young people, he went on a euphemistic defense of government overreach by first declaring markets brought wealth but then tried to say they didn't work by themselves because if he admitted that, there would be no need for his political party.

“From Real Clear Politics:

“… I think for your generation, you should be practical and just choose from what works. You don’t have to worry about whether it really fits into socialist theory or capitalist theory. You should just decide what works,” he added. “And I said this to President Castro in Cuba.”

This kind of political expediency is throw away language to discourage people from comparing the results of capitalist societies to centralized control schemes.

There was more:

And so you don't have to be rigid in saying it’s either this or that, you can say — depending on the problem you're trying to solve, depending on the social issues that you're trying to address what works. And I think that what you’ll find is that the most successful societies, the most successful economies are ones that are rooted in a market-based system, but also recognize that a market does not work by itself. It has to have a social and moral and ethical and community basis, and there has to be inclusion. Otherwise it’s not stable.

If a market does not work by itself… why is it called a market?

He also mentions Cuba's life expectancy as being equal to the United States.

Unfortunately, the rest of the world pretty much lies about these things to make them look better. Cuba has long been suspected of stretching the truth over it's high life expectancy numbers.


Source: Real Clear Politics



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