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DemocratSinceBirth

(99,711 posts)
Tue Aug 28, 2018, 10:54 AM Aug 2018

Elizabeth Warren's Theory of Capitalism




While so much of the action on the American left in recent months has come in the form of revived enthusiasm for socialism, Senator Elizabeth Warren has positioned herself quite differently. During the past two weeks, she has expounded about the prospects for capitalism in a much-covered speech and in a Wall Street Journal op-ed. Instead of championing the system’s demise, she presents herself as its savior.


Embedded in her musings were two aggressive proposals for overhauling American business. One is the Accountable Capitalism Act, which would require the largest corporations to allow workers to choose 40 percent of their board seats. The proposal is meant to provide an antidote to short-term thinking in the biggest businesses—and to short-circuit the ease with which CEOs make decisions that enrich themselves at the expense of workers and the underlying health of their firm. A similar system exists in Germany, and it goes by the name “codetermination.”

A second set of proposals is what Warren calls the Anti-Corruption and Public Integrity Act. Warren has called for a frontal assault on lobbying, including a lifetime prohibition that would prevent federal officeholders (including the president, members of Congress ,and Cabinet secretaries) from ever becoming paid influence peddlers. Her argument is that lobbying undermines the functioning of markets, by permitting corporations to exert outsize control over the regulatory state and use government to squash competitors.


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https://www.theatlantic.com/politics/archive/2018/08/elizabeth-warrens-theory-of-capitalism/568573/

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Elizabeth Warren's Theory of Capitalism (Original Post) DemocratSinceBirth Aug 2018 OP
Smartest lady in Washington HopeAgain Aug 2018 #1
probably no need to limit that comment to ladies.... unblock Aug 2018 #2
You are 100% correct HopeAgain Aug 2018 #4
+1 KPN Aug 2018 #6
We CANNOT let anything happen to this lady. Crutchez_CuiBono Aug 2018 #3
Awesome interview by Warren. Thanks for posting! KPN Aug 2018 #5
I could live with a Warren-Booker ticket. DemocratSinceBirth Aug 2018 #8
Me too, and I would support either name first on that ticket. But let's win 2018 first -- KPN Aug 2018 #9
As of now she's my second choice. DemocratSinceBirth Aug 2018 #11
Great pieces of legislation. Shanti Mama Aug 2018 #7
Exactly! VOTE -- and VOTE DEM! KPN Aug 2018 #10
Capitalism harnessed and fired up where it works best, Hortensis Aug 2018 #12

HopeAgain

(4,407 posts)
4. You are 100% correct
Tue Aug 28, 2018, 11:03 AM
Aug 2018

Didn't mean to come out in a sexist way, I appreciate her intelligence above the rest of the entire senate. My apologies to the ladies

Crutchez_CuiBono

(7,725 posts)
3. We CANNOT let anything happen to this lady.
Tue Aug 28, 2018, 11:00 AM
Aug 2018

She is right on point. Anytime we say..."We need a socialist govt" etc, the right jumps on it. This is sticking to Capitalism, but, fixing it so it works for everybody. I like it, and her. I was praying HRC would choose her as VP. I was also ok w the 'other guy' in the primary being VP but I wish he'd just stick to his job and contribute more like EW.

KPN

(15,649 posts)
5. Awesome interview by Warren. Thanks for posting!
Tue Aug 28, 2018, 11:06 AM
Aug 2018

This is how we win the war with the GOP -- we relate to real people in real ways. Warren does this well.

KPN

(15,649 posts)
9. Me too, and I would support either name first on that ticket. But let's win 2018 first --
Tue Aug 28, 2018, 11:15 AM
Aug 2018

I'm sending my County Dem Party org $200 this morning and will be helping with canvassing, phone banking, etc., as much as I can. Let's get this done!

Hortensis

(58,785 posts)
12. Capitalism harnessed and fired up where it works best,
Tue Aug 28, 2018, 12:42 PM
Aug 2018

socialized programs where they're the best answer. Any other economic systems compatible with a free, moral nation established on liberal principles when and where they might work best. Progressive government of, by and for the people that genuinely serves the people's will.

That's not brilliance. It's just common sense.

Btw, this is a moderate economic conservative who is so respected in the Democratic Party. She was a Republican for most of her adult life until hard-core, white nationalist, authoritarian social conservatives and big-money interests increasingly took over, purging the ideals of traditional conservatism that were in their way. Instead of just claiming an independent label but still voting Republican like most who mistake partisanship for principles, she moved her fight for what she believes to the Democratic Party.

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