Bernie Sanders in the 1970s urged nationalization of most major industries

[BlueWI]

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.