Nancy Pelosi Rejects Capitalism, says it ‘Must be Improved’
“In America, capitalism is our system…but it has not served our economy as well as it should,” said House Speaker Nancy Pelosi (D-CA) Friday during an event at Chatham House in London. “What we want to do is not depart from it, but to improve it…You cannot have a system where the success of some springs from the exploitation of the workers and springs from the exploitation of the environment and the rest.”
While Pelosi refrained from using the word “socialism,” her references to exploited workers and environmental damage are an obvious appeal to progressive Democrats (who are really just socialists by another name). Indeed, Pelosi was asked just days before her trip to London how the Democratic Party plans to inspire young progressives calling for an economic shift to the Left.
The question was poised during a CNN Town Hall by Trevor Hill, a sophomore at New York University who had been instructed by the network not to ask the question.
“My experience is that the younger generation is moving left on economic issues,” said Hill, citing a Harvard poll in which 51% of respondents aged 18-29 said they no longer support capitalism. “I’ve been so excited to see how Democrats have moved left on social issues…but I wonder if there’s anywhere you feel that the Democrats could move further left to a more populous message?… If you think we could make a more stark contrast to right-wing economics?”
Pelosi, who appeared startled by the question, responded to Hill by standing up and saying: “We’re capitalists and that’s just the way it is. However, we do think that capitalism is not necessarily meeting the needs with the income inequality that we have in our country.”
Nancy Pelosi is currently in the United Kingdom to participate in the G7 Heads of Parliament Conference in Chorley, England. The theme of the event is “Open vs. Secure Parliaments.” As stated on her personal website, Pelosi’s presentation will focus on green energy initiatives.
Author’s Note: Though she may pussyfoot around the issue to save face, Pelosi clearly opposes capitalism and sympathizes with the young leftists who are pushing for a more socialist economy.
Sources:
Pelosi town hall question on capitalism wasn’t planned: report
Speaker Pelosi: Capitalism Has Not Served Our Economy as Well as It Could
Pelosi to Participate in G7 Speakers’ Meeting in the United Kingdom
Socialism and capitalism can’t coexist
Alice, “rejecting” and “improving” are not the same thing. And your little author’s note/summary makes the statement that she “clearly opposes capitalism”… You’re just using that as a Republican figleaf to call her a Communist… How very “McCarthyism” of you. (and that would be the imfamous Joe, not the current cowardly milktoast Kevin”.
And Danny Boy, our government wouldn’t exist if capitalism didn’t have rules. The motto, “Government of the people, by the people, for the people” is the very definition of what our government is supposed to do – it’s not there to take care of businesses (they need very little help), it’s sole purpose is to help people. Very few people disagree that the government has to take a tax to run itself. We disagree on spending priorities or how much to take, but taxes have been around for a long time – warlords, Romans, even the Church tithes, have always been used to make like better for the masses (and sometimes to make the leaders rich).
Let’s say, Danny Boy, that you have a choice. You can go to Sweden, or you can go to Belarus. They have similar climates, are similar in size and population. Sweden is a democracy, Belarus is authoritarian. Sweden has high taxes, around 50% in the highest bracket, and Belarus has a flat tax of 13%. Sweden practices socialism in its policies, and Belarus has the kind of system that Trump praised – a strong dictator with absolute power. Where would you rather live? Oh, just one more thing – Sweden has the highest standard of living in Europe, and Belarus has one of the lowest. Still not sure? You go sit in your sparse one-bedroom apartment in Belarus, and I’ll take Sweden, and we can compare notes in a few years. Maybe then you’ll figure out the difference between socialism (with a small “s”) and Communism (with a capital “C”).
Joey boy I didn’t say that capitalism shouldn’t have rules. Laws need to be in place to keep businesses honest. And I know that taxes are needful. It’s what’s done with much of our tax dollars that’s troubling. And it’s true that socialism erodes personal freedom. And many communist countries started out with too much socialism. I also know that a certain amount of social programs are needed in the times that we live in. An example being my nephew who has severe Down’s syndrome. He will never be able to be self reliant. The problem is that we make living off of the government too easy. Welfare programs should require work for those who are not disabled. And after two years the case should be reevaluated and in many cases the recipients should be kicked off the welfare role. I know that some cases would require extended benefits.I’ve personally known people who pass welfare down to the next generation and the lazy bastards bragging about not having to work. And don’t get me started on the proposal being discussed to give illegal wetbacks free college Medicare. Myself and my family have worked hard to have insurance and I paid for my college education. And forgiving student loans? If people can’t repay the loans they need to not apply. And/or take courses that they can afford. I knew that I couldn’t afford to study to be a doctor or lawyer so I didn’t go for it. I studied mechanical trades and music theory and did well with it. But reading the wish lists for new social programs are sickening. Allowing lawlessness is socialism. Like allowing people to shoplift for free in California. If I ran a retail business there I would use whatever force was necessary to protect my business. And it wouldn’t necessarily be deadly force. But I would probably still end up in jail just for trying to stop them. But commiecrats doesn’t give a shit about business owners. The liberals in many of the cities stand by and allow hood rats to burn them out. That’s when I would break out some good old fashioned deadly force. All of this shit is promoted by socialist so called leaders. So the best way is to keep socialism at a minimum. I’ve always found a way to provide for myself and mine.
Pelosi talks about capitalism – anyone checking into the wealth of her and her husband? Politicians talk a good game but it’s a case of do what I say and not what I do. Many career politicians, Biden and many others have spent most of life as a politician and have great wealth. Wonder why they don’t contribute majority of their wealth to those needing help instead of wanting the low middle and middle class to work to pay for all the great programs they want to give away to undocumented, welfare recipetents, ect.