President Barack Obama downplayed the differences between capitalism and communism, claiming that they are just “intellectual arguments.”
He urged those at a town hall event in Buenos Aires, Argentina on Wednesday to “just choose from what works.”
Obama said, “So often in the past there’s been a sharp division between left and right, between capitalist and communist or socialist.”
“And especially in the Americas, that’s been a big debate, right? Oh, you know, you’re a capitalist Yankee dog, and oh, you know, you’re some crazy communist, you know, that’s going to take away everybody’s property. And I mean, those are interesting intellectual arguments, but I think for your generation, you should be practical and just choose from what works.”
Obama then said, “You don’t have to worry about whether it neatly fits into socialist theory or capitalist theory. You should just decide what works.”
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