Is America becoming an oligarchy?

New: Gift this subscriber-only story to your friends and family

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."

Please or to continue reading the full article.

Get unlimited access to all stories at $0.99/month

  • Latest headlines and exclusive stories
  • In-depth analyses and award-winning multimedia content
  • Get access to all with our no-contract promotional package at only $0.99/month for the first 3 months*

*Terms and conditions apply.

Join ST's Telegram channel here and get the latest breaking news delivered to you.

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