Pelosi: Capitalism hasn’t served U.S. as well as it should

LONDON, ENGLAND - SEPTEMBER 16: US Ambassador to the UK Philip Reeker (L) speaks with US House Speaker Nancy Pelosi (C) and her husband Paul Pelosi following a meeting with Prime Minister Boris Johnson at Downing Street on September 16, 2021 in London, England. The speaker of the United States House of Representatives is in the UK to participate in the G7 Heads of Parliament Conference this week in Chorley, England.

LONDON, ENGLAND – SEPTEMBER 16: U.S. Ambassador to the U.K. Philip Reeker (L) speaks with U.S. House Speaker Nancy Pelosi (C) and her husband Paul Pelosi following a meeting with Prime Minister Boris Johnson at Downing Street on September 16, 2021 in London, England. (Getty Images)

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UPDATED 1:40 PM PT – Saturday, September 18, 2021

House Speaker Nancy Pelosi (D-Calif.) said capitalism isn’t serving the U.S. as it should. On Friday at the Chatham House in London, the Democrat explained how the U.S. economy hasn’t benefited from capitalism. She insisted the U.S. can’t have a system that benefits some by depending on the exploitation of workers and the environment.

“In America, capitalism is our system, it is our economic system, but it has not served our economy as well as it should,” said Pelosi. “And so, what we want to do is not walk away from it, but improve it and make sure it serves us.”

Pelosi further explained the U.S. must improve the system with a strong middle-class rather than departing from it.

This comes on the heels of Joe Biden’s push for a $3.5 trillion budget reconciliation bill. Meanwhile, Biden has continued to push the bill, planning to fund the legislation through tax increases on corporations and the wealthy.

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