Pete Buttigieg makes the case for "democratic capitalism"
Pete Buttigieg makes the case for democratic capitalism
The rising Democratic candidate on everything from his vision for the economy, military interventionism, and the role of gender in the 2020 campaign.
https://www.vox.com/policy-and-politics/2019/3/28/18283925/pete-buttigieg-mayor-pete-interview-capitalism
By Zack Beauchamp at Vox
"SNIP.....
Pete Buttigieg
I think the word socialism has largely lost its meaning in American politics because it has been used by the right to describe pretty much anything they disagree with. To the extent theres a conversation around democratic socialism even that seems to be a little squishy in terms of what it actually means.
I think of myself as progressive. But I also believe in capitalism, but it has to be democratic capitalism.
Part of the problem here is that you have one generation that grew up associating socialism with communism like theyre the same thing, and therefore also assuming that capitalism and democracy were inseparable. Ive grown up in a time when you can pretty much tell that theres tension between capitalism and democracy, and negotiating that tension is probably the biggest challenge for America right now.
You dont have to look that hard to find examples of capitalism without democracy Russia leaps to mind. And when you have capitalism without democracy, you get crony capitalism and eventually oligarchy. So a healthy capitalist system, working within the rule of law, is the stuff of American growth and can be the stuff of equitable growth. But we dont have that right now.
......SNIP"