Is America becoming an oligarchy?

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Mr Pete Buttigieg, who has shown an impressive knack for putting matters well in these early days of the 2020 presidential race, nailed it recently when Mr Chuck Todd of NBC asked him about capitalism.

Of course I'm a capitalist, he said; America "is a capitalist society". But, he continued: "It's got to be democratic capitalism."

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A version of this article appeared in the print edition of The Straits Times on April 16, 2019, with the headline Is America becoming an oligarchy?. Subscribe