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Transcript of Pete Buttigieg Interview: Diary Of A CEO Podcast

The following is the full transcript of 2028 Presidential frontrunner Pete Buttigieg’s interview on The Diary Of A CEO, August 3, 2026.

EDITOR’S NOTES: In this episode of The Diary of a CEO, host Steven Bartlett sits down with Pete Buttigieg—former U.S. Secretary of Transportation, Navy veteran, and rising 2028 presidential contender—for a candid conversation about the fragile state of American democracy. Buttigieg argues that the American Dream is slipping away amid extreme inequality, collapsing trust, and systemic failures that leave everyday people struggling while the ultra-wealthy pay lower tax rates than teachers. From the recent U.S. strikes on Iran and the rise of AI to wealth taxes, national debt, and the hard reforms needed to save the country’s democratic foundations, he offers an urgent and unfiltered look at the crises facing America—and what it will take to fix them before time runs out.

The State of American Democracy

Steven Bartlett: Secretary Pete Buttigieg, how are you feeling about the nature of politics at the moment? But I should probably say the nature of American life at the moment.

Pete Buttigieg: I’m really worried about where we’re headed as a country. I think in many ways our entire existence has been about creating a different kind of political system and introducing it to the world. That’s what we’re about. And now that whole project is in question. That whole project is, in my view, it’s on the brink.

Steven Bartlett: On the brink?

Pete Buttigieg: Yeah.

Steven Bartlett: What do you mean by that?

Pete Buttigieg: I mean, we’re on the brink of losing our democracy, the whole idea of this country, the whole idea of overthrowing a king. Was that everyday life would get better if we set up a country where the people are in charge of the government instead of the other way around. And now in this moment where after all of the things we’ve gone through for decades, for 250 years, it’s not clear if that’s going to work out.

I think it will. I believe it will if we do what we have to do. But that means reforming, tuning up, changing that political system. Because the problems in that political system help to explain all of the economic problems that I think so many Americans are living with, where you’ve had enormous economic growth and shockingly little of it making it into people’s pockets, where you have levels of inequality that we’ve almost never seen in this country.

And then the other thing is there’s the American promise in terms of the system, the politics, the government, democracy, America’s gift to the world, creating democracy. But there’s the economic version of that, which is the American dream. Right? The idea that no matter how you start, no matter who you are, you can come out ahead of where you started economically. That used to happen for 9 out of 10 Americans. Statistically, the place where you’re most likely to live out the American dream right now is Denmark. And I want that to be America.

The American Dream and Systemic Inequality

Steven Bartlett: And systemically, if we just think from a high level, what is the essence of why Denmark is a better place for the American dream? What are the systemic problems? Is it with the current administration? Is it with a perspective on what a good life looks like in America, or is it greed, or is it something else?

Pete Buttigieg: Well, I wouldn’t say it’s just the current administration. I mean, I think the current administration isn’t helping, but I think the problem is much deeper than that. A lot of it is the last 30 or 40 years, we’ve had policies in this country that make it harder to get ahead if you’re not already starting out well off. Even just the way our taxes work, they tax work more than they tax wealth. That’s really catching up to us.

I mean, it has created problems. I believe it’s created problems for decades, but you feel it in a different way now. And when inequality reaches a certain level and when the inequality of power follows the economic inequality to a certain level, that’s when I think you start to have earthquakes in the society and what it feels like to live in this country. And I think we’re going through those earthquakes, not just Trump and everything he represents, but the rise in political violence, the collapse in trust in our society. All of these things I think are related to that, and we’re running out of time to do something about it.

Why Trump Resonates

Steven Bartlett: Trump made a lot of promises when he came into power. He won in a bigger than expected victory, I would say. Why does he resonate?

Pete Buttigieg: Well, first of all, I think he speaks to a lot of people who know that the system has let them down. And even though I think he’s somebody who really benefits from the system as it is, it’s made him rich and kept him rich. His message was, “I’m going to blow it all up.” And I think he’s blowing up all the wrong things. But look, if the system’s let you down, you’re only going to vote so many times within that system before somebody comes along and says, “I’m going to blow it all up.” And you say, “Well, I might not even like the guy, but I’ll give him a shot to see if that makes me better off.”

Now, I also think he lied to a lot of people. Some people voted for him because they believed him when he said he’s not going to start a new war. Many people voted for him because they believed him when he said on day one he was going to start lowering costs. And right now inflation’s higher than it was the day he took over.