Craig: on change, democracy and technology

NEW YORK -- Craigslist founder Craig Newmark sees light at the end of this economic downturn, with technology and teamwork serving as sparks for a recovery.

"Our system of representative democracy, with its flaws, works OK. What's different now is the Internet makes this grassroots democracy possible on a large scale," said Newmark, an avid supporter of President-elect Obama, during an appearance Wednesday at the Real Estate Connect conference in New York City.

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