"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%.