Peter1469
05-30-2019, 06:11 AM
Pete Buttigieg, democratic capitalist (https://reason.com/2019/05/28/pete-buttigieg-democratic-capitalist/)
Reason Magazine (a libertarian publication) points out that it is good that at least one democrat candidate identifies as a capitalist, however warns that democratic capitalists rely on too much State interference in capitalism.
South Bend, Indiana, mayor and presidential hopeful Pete Buttigieg calls himself a "democratic capitalist." In a Democratic field where several popular candidates are either fully or partially embracing "democratic socialism," it's worth taking a closer look at a candidate who isn't shying away from the capitalist label.
Indeed, Buttigieg is fond of his economic identity, evidenced by the repeated use of the term. He is currently enjoying media attention reserved for big-name candidates and has already raised $7 million (https://reason.com/2019/04/02/bernie-kamala-and-probably-beto-raised-m/) within the first campaign fundraising quarter, suggesting there may be an appetite for a defender of capitalism in the mix.
Sitting at a CNN desk in April (https://www.realclearpolitics.com/video/2019/04/16/buttigieg_capitalism_has_let_a_lot_of_people_down_ democracy_and_capitalism_are_not_the_same_thing.ht ml), Buttigieg was asked to address the vocal factions in the Democratic Party that vilify big business and capitalism.
"Well, I think the reason we're having this argument over socialism and capitalism is that capitalism has let a lot of people down," he said on CNN. "I guess what I'm out there to say is that it doesn't have to be so."
Buttigieg told CNN it's generally assumed that those who support capitalism also support democracy. In his view, though, democracy and capitalism are "coming into contention" with one another.
"It was very alarming to hear recently one of the president's economic advisers said that between capitalism and democracy, he would choose capitalism," said the South Bend mayor. "I would say the reverse ought to be true, that at the end of the day we prioritize democracy. And, you know, having that framework of a rule of law, fairness, is actually what takes markets to work."
Buttigieg acknowledges a line between good government intervention and too much government intervention. Tariffs, for example, cross Buttigieg's line. Buttigieg decried (https://reason.com/2019/05/23/buttigieg-would-lift-counterproductive-tariffs/) President Trump's tariffs on China at an event as both a tax on Americans and a "counterproductive" tactic to try to force China to change its economic model.
Read the rest of the article at the link.
Reason Magazine (a libertarian publication) points out that it is good that at least one democrat candidate identifies as a capitalist, however warns that democratic capitalists rely on too much State interference in capitalism.
South Bend, Indiana, mayor and presidential hopeful Pete Buttigieg calls himself a "democratic capitalist." In a Democratic field where several popular candidates are either fully or partially embracing "democratic socialism," it's worth taking a closer look at a candidate who isn't shying away from the capitalist label.
Indeed, Buttigieg is fond of his economic identity, evidenced by the repeated use of the term. He is currently enjoying media attention reserved for big-name candidates and has already raised $7 million (https://reason.com/2019/04/02/bernie-kamala-and-probably-beto-raised-m/) within the first campaign fundraising quarter, suggesting there may be an appetite for a defender of capitalism in the mix.
Sitting at a CNN desk in April (https://www.realclearpolitics.com/video/2019/04/16/buttigieg_capitalism_has_let_a_lot_of_people_down_ democracy_and_capitalism_are_not_the_same_thing.ht ml), Buttigieg was asked to address the vocal factions in the Democratic Party that vilify big business and capitalism.
"Well, I think the reason we're having this argument over socialism and capitalism is that capitalism has let a lot of people down," he said on CNN. "I guess what I'm out there to say is that it doesn't have to be so."
Buttigieg told CNN it's generally assumed that those who support capitalism also support democracy. In his view, though, democracy and capitalism are "coming into contention" with one another.
"It was very alarming to hear recently one of the president's economic advisers said that between capitalism and democracy, he would choose capitalism," said the South Bend mayor. "I would say the reverse ought to be true, that at the end of the day we prioritize democracy. And, you know, having that framework of a rule of law, fairness, is actually what takes markets to work."
Buttigieg acknowledges a line between good government intervention and too much government intervention. Tariffs, for example, cross Buttigieg's line. Buttigieg decried (https://reason.com/2019/05/23/buttigieg-would-lift-counterproductive-tariffs/) President Trump's tariffs on China at an event as both a tax on Americans and a "counterproductive" tactic to try to force China to change its economic model.
Read the rest of the article at the link.