Entrepreneur and Republican presidential hopeful Vivek Ramaswamy denounced affirmative action as a badly failed experiment Tuesday that was built upon "faulty premises."

"I would say it was faulty premises from the get-go," Ramaswamy told radio host Michael Smerconish. "That doesn't mean that the intentions were all bad."

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The presidential candidate's comments come as the United States Supreme Court appears ready to end race-conscious admissions.

"Look, in the 1960s, if you look back a century from 1960 to 1860, yes, we do have some uneven history in the United States with respect to black Americans, to say the least," Ramaswamy said. "But, the question is, how do you address that?"

Creating new forms of race-based discrimination is not the answer, and the creation of affirmative action under former President Lyndon B. Johnson did just that, he said.

The right answer is creating a "level playing field for all Americans to have equal opportunity regardless of their skin color," Ramaswamy told Smerconish.

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"I come down on the side of, it was a failed experiment, and, actually, many black Americans are worse off economically than they were in the 1960s. Fewer black children are born into stable ... households today than was the case in 1960," he added. "So, I think it has been a disastrous failed experiment for white Americans, Asian Americans, black Americans, Hispanic Americans.

"It's left us more divided, and it has even hurt the very people it was supposedly designed to help. I think it's time to put a nail in the coffin and find a better way forward."