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BlueWI

(1,736 posts)
22. I'm referring to regulation here.
Fri Mar 15, 2019, 10:42 AM
Mar 2019

Warren advocates for more focus on the public interest among publicly traded companies and among monetary/lending practices (Accountable Capitalism Act/CFPB leadership).

My point is that her strong advocacy for regulation opens up a space for conversation about comparative economic strategy and systems. Democrats and Republicans have been running scared from those conversations for decades, at least since the early 1980s. Both Sanders and Warren have brought those conversations into public focus, which gives us a better chance for fairer economic policy.

I don't think she's specifically advocated for nationalizing industries, which a few Democrats might have done after the too big to fail fiascos of the 2007-8 cycle. As an independent, I think Sanders advocated for nationalizing or breaking up larger banks and public action to guarantee mortgages. Unfortunately in my opinion, most politicians and the FED preferred to recapitalize the banks at a .75 percent prime lending rate than hold them fully accountable for poor investment strategy and criminal ripoffs of consumers in the housing markets, leaving the banking system vulnerable to this day.

BTW, Sanders' issue positions in the 1970s are about as instructive as Biden's views of busing in the 1970s. It's an indication of intellectual starting points. Nothing wrong with advocating strong economic change in the 1970s such as nationalizing industries - if we had done some aspects of that, we might not be facing the high level of concentrated global ownership that we're facing today.

If I were to vote in a presidential
primary today, I would vote for:
Undecided
Getting vetted - OhZone Mar 2019 #1
Good for him. Farmer-Rick Mar 2019 #2
I don't view that as a positive model, personally. Adrahil Mar 2019 #6
aaaaaaaaaaaahahahahahahahaha forklift Mar 2019 #12
+1000 Power 2 the People Mar 2019 #36
There's a word that defines that, but I can't put my finger on it... brooklynite Mar 2019 #3
Does it start with a C? forklift Mar 2019 #13
Today's episode is brought to you by the letters "C" and "S" and by the number 2020... brooklynite Mar 2019 #15
Not 1917? forklift Mar 2019 #24
Seize Vermont's electricity companies without compensation crazytown Mar 2019 #4
You wonder - OhZone Mar 2019 #5
Like no one knew Sanders had socialist ideas? Farmer-Rick Mar 2019 #9
Without compensation? crazytown Mar 2019 #20
So, if a corrupted and incompetent corporation runs a local monopoly into the ground. Farmer-Rick Mar 2019 #21
Wow crazytown Mar 2019 #23
Well, he wasn't advocating nationalization because the utility corporations were doing great. Farmer-Rick Mar 2019 #28
Socialism isn't "more liberal" than Liberalism. CrossingTheRubicon Mar 2019 #31
Says who? Farmer-Rick Mar 2019 #33
Why not? Farmer-Rick Mar 2019 #7
I am not opposed to looking at nationalizing utilities that are natural monopolies. DemocratSinceBirth Mar 2019 #8
I agree with you Farmer-Rick Mar 2019 #10
When I lived in Tallahassee the cable company was publicly owned, DemocratSinceBirth Mar 2019 #11
Yes!!! Farmer-Rick Mar 2019 #35
I am a firm believer in markets except where natural monopolies exist. DemocratSinceBirth Mar 2019 #39
I'm not either, especially after what happened to Enron and ONCOR/Energy Futureds Vogon_Glory Mar 2019 #30
Socialism forklift Mar 2019 #14
What are the merits of these ideas? BlueWI Mar 2019 #16
What key industries has Elizabeth Warren advocated nationalizing? DemocratSinceBirth Mar 2019 #17
I'm referring to regulation here. BlueWI Mar 2019 #22
Regulation is not stealing from stockholders nt forklift Mar 2019 #25
True. BlueWI Mar 2019 #26
Yeah, but Not enforcing anti-trust laws kind of is Farmer-Rick Mar 2019 #38
And Ronald Reagan was a Democrat. And Elizabeth Warren was a Republican Tom Rinaldo Mar 2019 #18
It's "vetting" when you go back 50 years for Bernie. Hassin Bin Sober Mar 2019 #27
The 70s...before I was born. TCJ70 Mar 2019 #19
He endorses "Democratic Socialism" every day on the trail. CrossingTheRubicon Mar 2019 #32
I don't trust any definitions of socialism anymore and judge it on a case by case basis... TCJ70 Mar 2019 #34
Do you think it might be used in campaign ads by the GOP? MH1 Mar 2019 #42
They won't have to reach back 50 years to... TCJ70 Mar 2019 #43
Good I agree with him gopiscrap Mar 2019 #29
I support nationalization of major industries Devil Child Mar 2019 #37
How about supermarkets? DemocratSinceBirth Mar 2019 #40
For supermarkets... Devil Child Mar 2019 #41
Doesn't concern me. David__77 Mar 2019 #44
trump will have fun with issue Gothmog Mar 2019 #45
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