El-Erian says coronavirus devastation of small businesses threatens capitalism in the U.S.

El-Erian says coronavirus devastation of small businesses threatens capitalism in the U.S.

Small-business devastation during the coronavirus crisis presents risks to capitalism in the United States, Mohamed El-Erian told CNBC on Thursday. “If you want capitalism to be sustained, you need buy-in from a lot of people. You cannot get buy-in if it’s all about large corporations,” the chief economic advisor at Allianz said on “Squawk Box.”

By Miki