/ world today news/ Injustice and the sharp contrast in the standard of living are undermining people’s faith in their governments, US President Barack Obama said in his speech before the annual session of the UN General Assembly in New York.
A world where 1 percent of the population holds as much money as the other 99 percent can never be stable,” Obama noted.
He called for “the economy to be made to work for all people, not just the elite, by opening up new markets, developing capitalism and raising living standards. Obama pointed out that today’s technological growth has negatively affected the well-being of the working class, many have lost their wages
He also stated that America “cannot and should not impose its system of government on other countries.” “I recognize that not all countries gathered in this hall will follow one model. But as far as can be judged, the competition between authoritarianism and liberalism is now increasing. And I want everyone to understand: I am not neutral in this race. I believe in the liberal democratic order. In an order built not only on elections and representative government, but also on respect for human rights, civil society, an independent judiciary and the rule of law,” stressed Barack Obama.
“I know that some countries that now recognize the power of free markets continue to reject the model of free societies. Perhaps those of us who affirm democracy are feeling somewhat discouraged since the end of the Cold War. Because we understood that liberal democracy will not be imposed all over the world once and for all. Creating an accountable democracy is hard work, not a one-generation job. Sometimes we take one step forward and two steps back,” the American leader stated.
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