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Barack Obama: “That created what some economists refer to as a winner take…”

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

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Barack Obama Discusses Democracy, Social Cohesion, and Leadership at the Connecticut Forum

Published | Video Starts at 20:30

India, less so in Africa. But even there you're seeing progress. But there was a catch because this was all driven by global capital. And that was That created what some economists refer to as a winner take all economy. in the sense that if you had high skills, you already had capital, you had advantages, you had education, you could leverage that and do even better. (20:30–20:39)

CLAIM

Asserts that globalization and technology led to a 'winner take all' economy.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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