Former Utah Gov. Jon Huntsman on Thursday expressed his disillusionment with the dominance of the Republican and Democratic parties in American politics.

"We need campaign finance reform," he said during an appearance on MSNBC. "The system is broken. We need term limits. We need something to compete against a duopoly that is getting old and tired."

Huntsman dropped out of the 2012 Republican presidential race and endorsed Mitt Romney in January after failing to gain traction in the polls. He blamed his failed presidential bid on his unwillingness to pander to special interests.

"I think we are going to have problems until we get some sort of third party movement or some alternative voice out there that can put forward new ideas," he continued. "That ain't gonna be me, by the way, I know the next question. I'm not interested in that. But someone is going to step up at some point and say 'we have had enough of this, the real issues are not being addressed.'"

He noted that the "fastest growing party in America is the unaffiliated party" and said the rise of a strong third party would be a "healthy thing."

Huntsman later blamed the lack of voter turnout among the young on the belief that the system was "rigged" by the current campaign finance system.

Watch video, courtesy of MSNBC, below:

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