Elizabeth Warren has come to the defense of capitalism … sort of.
Sen. Warren, D-Mass., agreed that capitalism historically has been a “force for good” during an interview Wednesday on MSNBC’s “Morning Joe.”
The 2020 presidential candidate also referred to herself as a capitalist “down to [her] bones,” before saying regulations must be in place to make the system run smoothly.
“I believe in markets, I see the benefits that markets can produce,” she said. “When there’s a cop on the beat, those markets start to work again.”
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“Banks, in that case, are forced to develop their profit models, not on cheating people, but on actually offering a better product.”
Warren added: “I think it also, when it doesn’t work, it’s been a force for bad, but that’s been true of every form of government that we can identify. We’ve gotten it right sometimes, and we’ve gotten it wrong sometimes. When you let markets work with rules and with people on the beat to enforce those rules, we can produce a lot of wealth in this country.”