Obama discusses the usefulness of having a market-based system built on a foundation that blends capitalist and socialist principles in an effort to achieve pragmatic goals while maintaining a moral and ethical basis. He tells an audience in Argentina that choosing what works is a better strategy than sticking to idealogical theories as if they operate in a vacuum (they don't).
So often in the past there has been a division between left and right, between capitalists and communists or socialists, and especially in the Americas, that’s been a big debate.”
Those are interesting intellectual arguments, but 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.
I found this video at Infowars, which had nothing positive to say about Obama's position. The title misrepresents Obama's point, "OBAMA: ‘THERE’S LITTLE DIFFERENCE BETWEEN COMMUNISM AND CAPITALISM’."
Obama: "You should be practical and just choose from what works."
