Obama Decries Rise of ‘Politics of Fear and Resentment’

(Bloomberg) -- Former U.S. President Barack Obama decried mounting global inequality and the emergence of a political order based on fear and resentment, calling for greater efforts to foster international cooperation.

“A politics of fear, and resentment” is building, Obama said in a speech in Johannesburg on Tuesday, a day before the 100th anniversary of Nelson Mandela's birth. “It's on the move at a pace that would have seemed unimaginable just a few years ago.”

Mandela, who spent 27 years in prison and emerged to become South Africa's first black leader after white minority rule ended, died in December 2013 at the age of 95. Obama praised the global icon's legacy, saying he had shown that people were bound together by a common humanity and that a world governed by democratic principles was possible.

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