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Barack Obama: “It was very good for corporations that could operate…”

Featuring: Barack Obama, Democratic | 44th President of the United States | National

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Barack Obama Discusses Leadership, Democracy, and AI at Hamilton College

Published | Video Starts at 1:07:09

And so there's a whole bunch of stuff we need to fix internationally in particular. One of the challenges of globalization was the fact that it did accelerate inequality. And It was very good for corporations that could operate internationally, but they oftentimes weren't willing to share that bounty with their own populations. And so the populations, if you're a worker in the United States and you saw, okay, I'm getting cheap flat screen TVs and I'm glad that the stock market is booming, but I was laid off my factory job. (1:07:09–1:07:24)

CLAIM

Asserts that globalization benefited corporations but not their populations.

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