• President Joe Biden delivered a speech on economic recovery amid the COVID-19 pandemic on Monday.
  • In the White House speech, he said capitalism is “alive and well”.
  • “We are making serious progress to make sure it works as it is supposed to work,” he added.
  • See more stories on the Insider business page.

President Joe Biden said “capitalism is alive and very well” in a speech on economic recovery amid the COVID-19 pandemic at the White House on Monday.

“It turns out that capitalism is alive and well,” he said. “We are making serious progress in making sure this works as it is meant to work for the good of the American people.”

This is a developing story. Please check for updates.

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