Apr 7, 2019

Pete Buttigieg: Democracy is more important than capitalism

2020 Democratic candidate Pete Buttigieg identified as a capitalist on NBC's Meet the Press on Sunday, but noted that he believes democracy is "more important" than capitalism.

"It's got to be democratic capitalism. And that part's really important, and it's slipping away from us ... When you have the kind of regulatory capture where powerful corporations are able to arrange the rules for their benefit, that's not real capitalism. If you want to see what happens when you have capitalism without democracy, you can see it very clearly in Russia. It turns into crony capitalism, and that turns into oligarchy."

Why you'll hear about this again: Gen Z, the latest crop of voters, preferred "socialism" to "capitalism" in an Axios poll this year. 61% of Americans aged between 18 and 24 have a positive reaction to the word "socialism" — just beating out "capitalism" at 58%.

Go deeper: A new form of American capitalism

Go deeper

Coronavirus spreads to new countries, while U.S. confirms 57 cases

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Public health officials confirmed Tuesday the U.S. has 57 people with the novel coronavirus, mostly those repatriated from the Diamond Princess cruise ship — an increase they had expected after the passengers were allowed to return home from Japan against their initial advice.

The big picture: COVID-19 has killed more than 2,700 people and infected more than 80,000 others, mostly in mainland China. There's only been two cases of person-to-person infections in the U.S. so far, but the Centers for Disease Control and Prevention is now warning that Americans should prepare for a much broader outbreak here.

Go deeperArrowUpdated 1 hour ago - Health

Space tourism gets ready for launch

Illustration: Sarah Grillo/Axios

Multiple space tourism companies are aiming to send their first customers to the edge of space before the end of this year.

Why it matters: Right now, most revenue in the space industry is tied up in government contracts, but experts say the maturing industry will need tourism to grow into the $1 trillion economy some predict it could be.

Go deeperArrow2 hours ago - Science