Vermont Senator and potential 2020 candidate Bernie Sanders continued his attack on American capitalism Sunday; publishing an op-ed in the New York Times that slammed Wall Street and “corporate America.”
“I am running for president because we must defeat Donald Trump, the most dangerous president in the modern history of our country. But, if we are to defeat Mr. Trump, we must do more than focus on his personality and reactionary policies,” writes Sanders.
“We must understand that unfettered capitalism and the greed of corporate America are destroying the moral and economic fabric of this country, deepening the very anxieties that Mr. Trump appealed to in 2016. The simple truth is that big money interests are out of control, and we need a president who will stand up to them,” he adds.
“Wall Street, after driving the United States into the worst economic downturn since the 1930s, now makes tens of billions in profits while forcing working-class Americans to pay usurious interest rates on their credit card debt. The top 10 American drug companies, repeatedly investigated for price fixing and other potentially illegal actions, made nearly $70 billion in profits last year, even as Americans paid the most per capita among developed nations for their prescription medicine,” Sanders concludes.
Sanders released a new proposal last week that would crackdown on “capitalism” in the United States; promoting “worker ownership” of large companies and corporations.
“Sen. Bernie Sanders (I-Vt.) will push new policies aimed at giving workers a greater ownership stake in companies, moves the 2020 presidential candidate is pitching as a dramatic transfer of power in the U.S. economy,” writes the Washington Post.
“The plans would give millions of workers the type of workplace influence typically reserved for shareholders and executives,” adds the newspaper.
“The establishment says there’s no alternative to an unfettered capitalism that produces huge CEO bonuses while millions are paid starvation wages. They are dead wrong. Instead of more tax breaks to profitable corporations, let’s expand employee ownership,” posted Sanders on social media.
The establishment says there's no alternative to an unfettered capitalism that produces huge CEO bonuses while millions are paid starvation wages. They are dead wrong. Instead of more tax breaks to profitable corporations, let’s expand employee ownership. https://t.co/AOeqYmctem
— Bernie Sanders (@SenSanders) May 28, 2019
“We can move to an economy where workers feel that they’re not just a cog in the machine — one where they have power over their jobs and can make decisions,” Sanders said in an interview. “Democracy isn’t just the opportunity to vote. What democracy really means is having control over your life.”