Barack Obama Mandela lecture on universal basic income, inequality

On the centenary of Mandela’s birth, Obama delivered a speech recalling how inspired he was by his story, that of a little black boy born at a time when black culture was brutally circumscribed and a people’s aspirations were limited by oppressive laws and customs. He also spoke of an inclusive, market-based system, which protects collective bargaining, breaks up monopolies, enforces laws that root out corruption. This ideal world would be characterized by progressive taxation that contributed to public health and a social net.


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