On the menu today: An examination of former president Barack Obama's assessment that "massive concentrations of wealth" threaten democracy, and his wildly inaccurate assessment of what drives populists, Donald Trump supporters, and the MAGA movement. Oh, and the king of the gerrymanderers now laments that the political opposition has learned the same tricks.
Barack Obama Denounces 'Massive Concentrations of Wealth'
Barack Obama, in a recent interview with CNN's Christiane Amanpour, said:
It’s very hard to sustain a democracy when you have such massive concentrations of wealth. And so, part of my argument has been that unless we attend to that, unless we make people feel more economically secure and we’re taking more seriously the need to create ladders of opportunity and a stronger safety net that’s adapted to these new technologies and the displacements that are taking place around the world, if we don’t take care of that, that’s also going to fuel the kind of mostly far-right populism, but ...
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 | | | | | WITH JIM GERAGHTY June 27 2023 | |  | | WITH JIM GERAGHTY June 27 2023 | | |  | | On the menu today: An examination of former president Barack Obama's assessment that "massive concentrations of wealth" threaten democracy, and his wildly inaccurate assessment of what drives populists, Donald Trump supporters, and the MAGA movement. Oh, and the king of the gerrymanderers now laments that the political opposition has learned the same tricks. Barack Obama Denounces 'Massive Concentrations of Wealth' Barack Obama, in a recent interview with CNN's Christiane Amanpour, said: It’s very hard to sustain a democracy when you have such massive concentrations of wealth. And so, part of my argument has been that unless we attend to that, unless we make people feel more economically secure and we’re taking more seriously the need to create ladders of opportunity and a stronger safety net that’s adapted to these new technologies and the displacements that are taking place around the world, if we don’t take care of that, that’s also going to fuel the kind of mostly far-right populism, but ... READ MORE
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