NEW YORK (1010 WINS) -- Socialism has become a focus of debate in the 2020 Democratic presidential campaign.
South Bend, Indiana mayor Pete Buttigieg, who formally kicked off his campaign last weekend, offered his views on socialism on CNN's New Day.
"I think the reason we're having this argument over socialism and capitalism is capitalism has let a lot of people down," he said, "I guess what I'm out there to say is, it doesn't have to be so. I believe in democratic capitalism."
Bernie Sanders leads the pack of Democratic presidential hopefuls for fundraising with $18 million.
Senator Kamala Harris came in second with $12 million.
Former Texas congressman Beto O'Rourke came in third with about $9 million and Buttigieg with $7 million.
Democratic candidates lagged behind President Trump who raised $30 million.