Democratic presidential candidate Pete Buttigieg does not have faith in capitalism.
On Tuesday, April 16, 2019 the Hill reports that Buttigieg believes socialism is growing in popularity because “capitalism has let a lot of people down.”
Buttigieg declared on CNN’s “New Day” that “I think the reason we’re having this argument over socialism and capitalism is that capitalism has let a lot of people down.”
Instead he believes in “democratic capitalism” and emphasized that “democracy is more important than capitalism.”
The South Bend, Indiana mayor said, “At the end of the day, we prioritize democracy” and he stressed the importance of “having that framework of a rule of law, of fairness, is actually what it takes for markets to work.”
Buttigieg informed CNN that he is receptive to Senator Elizabeth Warren’s proposal to tax large companies.
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