KEY POINTS
  • "If you want the American dream today, you ought to move to Canada," Ford Foundation President Darren Walker tells CNBC.
  • Walker says capitalism isn't broken, but the economic mobility ladder in the U.S. has fractured.
  • Canada has "a capitalist system, and they're doing better than us on providing opportunity," Walker argues.

For a chance at the American dream, look to the U.S.' northern neighbor, Ford Foundation President Darren Walker told CNBC on Friday.

"That American dream as we know it, which was the envy of the world, is no longer the envy of the world," Walker said on "Squawk Box." "In fact, the United States has fallen behind other industrialized nations in terms of economic mobility. If you want the American dream today, you ought to move to Canada."