The Daily Mail reported that the former chief executive said he would never be able to run for president today because of the immense cost involved — a minimum outlay of $200 to $300 million to run for the highest office in the land.
"There's no way now for you to get a Democratic or Republican nomination without being able to raise $200 or $300 million or more. I would not be inclined to do that, and I would not be capable of doing it," he said.
"We've become now an oligarchy instead of a democracy," he continued, "and I think that's been the worst damage to the basic moral and ethical standards to the American political system that I've ever seen in my life."
Carter — who won a Nobel Peace Prize in 2002 — announced earlier this summer that he is fighting liver cancer that has spread to his brain.
The Plains, Georgia, native was elected 39th president in 1976.