Pete Buttigieg says capitalism a threat to democracy
by Sean Higgins
| April 07, 2019 11:34 AM
Print this article
Sign up for News from Washington Examiner
Democratic presidential candidate Pete Buttigieg said Sunday that capitalism is a potential threat to democracy, even in the U.S.
"America is a capitalist society but it has to be a democratic capitalism. That is really important and it is slipping away from us. When capitalism comes into tension with democracy, which is more important?" the South Bend, Ind., mayor said on NBC's "Meet the Press."
"I believe democracy is more important. When you have capitalism capturing democracy, where you have the kind of regulatory capture where powerful corporations can arrange the rules for their benefit, that's not real capitalism," he added.
Buttigieg used Russia as an example of what happens when capitalism gets out of control. "It turns into crony capitalism and that turns into oligarchy," he said.
more
https://www.washingtonexaminer.com/news/pete-buttigieg-says-capitalism-a-threat-to-democracy