New York, New York – Former Democratic presidential and mayoral candidate Andrew Yang announced on Tuesday he is leaving the party in favor of starting a new one called the Forward Party.

In an effort to find middle ground amidst the failing two-party system in the US, Yang has created a third political party – the Forward Party – to add to the mix.

The news came one day after Yang said he would be leaving the Democratic Party, and also released his new book, aptly titled, Forward: Notes on the Future of Our Democracy.

Yang announced the creation of the Forward Party in a video posted to Twitter, in which he said the main objective for the new party was to, "Solve the problems that are literally driving us crazy."

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The 46-year-old went on to explain the duopoly that's at play with the current two-party system, and how it's led to politicians failing their constituents by putting their personal interests first, rather than the good of the people.

"This has become a country where partisanship is the most acceptable, the most commonplace form of prejudice," Yang said in the video.

Yang continued to say that 57% of Americans want a third party, and 60% of Americans say both the Democratic and Republican parties are out of touch.

He continued to say that while Congress has a 28% national approval rating, its members have a 92% reelection rate due to structural incentives.

"If you are a member of Congress, your big concern is not trying to win a general election, it's to win a primary and avoid getting challenged in the primary," Yang said.

According to Yang, the Forward Party plans to combat such polarization and systematic failures by encouraging in open primaries and rank-choice voting to allow for political dynamism – a political system that leverages diversity and creates opportunities, rather than diminishing them.

"It's not going to fix itself. The system won't allow it. It's the system itself that needs to change, and we can change it together," Yang said.