EXCERPT:
OBAMA: “But just because an economic system generates wealth and innovation doesn’t mean it guarantees a good society. Because from the outset, it turns out market-based systems have been compatible with slavery, caste systems, colonialization, war, exploitation, corruption, fraud, autocracy, the poisoning of our natural environment. Fortunately, thanks to the accumulated efforts, bit by bit, of reformers and organizers and visionaries, not so different from many of you, some, mostly democratic governments, began to recognize the need to moderate capitalism’s excesses. Especially after the Great Depression and World War II.”