Dem Candidate Pete Buttigieg Claims Capitalism Is A Potential Threat To Democracy

Democratic presidential candidate Pete Buttigieg said capitalism in the United States has the potential to threaten its “democracy.”

The South Bend mayor appeared on NBC’s “Meet the Press” where he said the U.S. economic system may supersede its governmental system, which he calls a “democracy.” The U.S. has a democratic republic form of government.

“America is a capitalist society but it has to be a democratic capitalism,” Buttigieg said via the Washington Examiner. “That is really important and it is slipping away from us. When capitalism comes into tension with democracy, which is more important?”

“I believe democracy is more important,” he continued. “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.”

Here’s more, from the Washington Examiner:

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.

Buttigieg argued that his most voters don’t want this version of capitalism, noting he received support from people who must have also voted for President Trump based on the vote totals in Indiana.

Buttigieg recently spoke at Northeastern University where he also spoke disparagingly of the Electoral College:

While Buttigieg made the case that issues such as climate change and the economy are having outsize effects on younger generations, Atkins said that only 31 percent of voters between the ages of 18 and 29 voted in the 2018 midterm elections. How should politicians motivate young people to engage in politics? she asked.

Part of the disengagement, Buttigieg responded, is because of political systems such as the Electoral College and rampant gerry mandering that discourage voters from getting involved.

“For anyone who lives in a red or blue state that is small, medium, or large—so, a lot of us—the Electoral College is a dumb idea,” he said, to thunderous applause Wednesday. “It’s really hard for me to convince a 19-year-old in Idaho or Massachusetts to vote if they don’t think it matters.”

The depreciating language of the Democratic candidate seems to flow from a trend of Leftist candidates who want to drastically change the way the country is governed. Several candidates have openly spoken out against the Second Amendment and immigration enforcement agencies.