U.S.

Hillary Clinton on Growth of Socialism: ‘What Can They Do Other Than Rise Up?’

Hillary Clinton addressed the rising tide of socialism and socialist policy in the Democratic Party during Time magazine’s Time 100 Summit on Tuesday.

“We’ve gotten to a perverted point where a lot of the opposition to capitalism is rooted in the way it is operating now, to the disservice of the community at large, of employees and suppliers,” she said.

“You see this great discontent spreading across the West, and China will have their time as well," she added. "Because if people feel that wealth is concentrated in fewer and fewer hands, what can they do other than rise up? And they can rise up in the streets of Paris or with the Brexit vote or in our country because they don’t have a lot of other options to express themselves in an economic system that has gotten way out of balance.”

Clinton did say that the debate isn’t as sudden and prevalent in the Democratic Party as the Trump administration likes to make it out to be, and she noted that it also occurred during the 2016 primary battle between her and Bernie Sanders. But, the former secretary of state added, she wants to see that debate continue.

Hillary, Clinton, Socialism, Capitalism, Trump, Hillary Clinton speaks at the Time 100 Summit in New York on April 23. Capitalism, she said, has been growing more “predatory” and “free of any kind of check and balance” since the 1960s and 1970s. Spencer Platt/Getty Images

“I hope this isn’t a cartoon debate,” she said. “I hope we make the argument that young people who don’t see capitalism helping them, and don’t see their future in this kind of economy, will understand we’ve been living to some extent with a distortion and we need to get back to inclusive prosperity and don’t get bottlenecked.”

Capitalism, said Clinton, has been growing more “predatory” and “free of any kind of check and balance” since the 1960s and 1970s. But, she continued, a “well-regulated capitalist system is good in the long run. I'd like to see us move away from the shareholder mania...and see it accelerate to a stakeholder capitalism.”

The discussion, she said, needs to happen, because “I think capitalism is the greatest generator of jobs and opportunities, and we need to figure out how it doesn’t consume itself or our democracy.”

Republicans, meanwhile, have been campaigning against the threat of “socialism” and claiming that the Democratic Party has been overrun by those on the far left.

“We're going into the war with some socialists," President Donald Trump told Republican congressmen earlier this month. He said he thought this should be the prevailing theme of his campaign. "I love the idea of 'Keep America Great,' because you know what it says is we've made it great now we're going to keep it great because the socialists will destroy it."

Editor's Pick