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DU Home » Latest Threads » Forums & Groups » Retired » Retired Forums » Democratic Primaries (Forum) » Bernie Sanders in the 197... » Reply #22
Joe BidenCongratulations to our presumptive Democratic nominee, Joe Biden!

Response to DemocratSinceBirth (Reply #17)

Fri Mar 15, 2019, 10:42 AM

22. I'm referring to regulation here.

 

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.
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RandySF Mar 2019 OP
OhZone Mar 2019 #1
Farmer-Rick Mar 2019 #2
Adrahil Mar 2019 #6
forklift Mar 2019 #12
Power 2 the People Mar 2019 #36
brooklynite Mar 2019 #3
forklift Mar 2019 #13
brooklynite Mar 2019 #15
forklift Mar 2019 #24
crazytown Mar 2019 #4
OhZone Mar 2019 #5
Farmer-Rick Mar 2019 #9
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crazytown Mar 2019 #23
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CrossingTheRubicon Mar 2019 #31
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DemocratSinceBirth Mar 2019 #8
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DemocratSinceBirth Mar 2019 #11
Farmer-Rick Mar 2019 #35
DemocratSinceBirth Mar 2019 #39
Vogon_Glory Mar 2019 #30
forklift Mar 2019 #14
BlueWI Mar 2019 #16
DemocratSinceBirth Mar 2019 #17
LineLineLineLineLineReply I'm referring to regulation here.
BlueWI Mar 2019 #22
forklift Mar 2019 #25
BlueWI Mar 2019 #26
Farmer-Rick Mar 2019 #38
Tom Rinaldo Mar 2019 #18
Hassin Bin Sober Mar 2019 #27
TCJ70 Mar 2019 #19
CrossingTheRubicon Mar 2019 #32
TCJ70 Mar 2019 #34
MH1 Mar 2019 #42
TCJ70 Mar 2019 #43
gopiscrap Mar 2019 #29
Devil Child Mar 2019 #37
DemocratSinceBirth Mar 2019 #40
Devil Child Mar 2019 #41
David__77 Mar 2019 #44
Gothmog Mar 2019 #45
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