Exploring Warren

I was pleasantly surprised by Elizabeth Warren’s policy announcement.

Yes, I know that this was done in the context of announcing her formation of an presidential exploratory committee, but let’s ignore for a moment whether or not she would make a good president (I’ve seen more than enough of that, given that it mostly consists of name calling).

Ironically, Warren is essentially a defender of capitalism to me. Like Warren, I am a “capitalist to my bones” (I’ve started a number of companies and served as a CEO). But unlike the far right and some large corporations, I understand the important role that government plays in supporting free capitalism. For example, Warren and I agree that monopolies are an anathema to vibrant capitalism. Free competition is destroyed by companies that are “too big to fail” (and, as Warren put it, “too big to jail”).

I also agree that there are a few important functions that should not be organized under capitalist principles. For example, few people would argue that we should privatize our military, or our police and fire departments. Thus, I believe that the nature of health care makes a free market unsustainable (if you are in a serious car accident are you really going to be able to shop around for the best value in health care? Of course not). So, I agree with Warren that “Medicare for all” would currently be the best solution.

I also believe that we should be striving for “equal opportunity” for all. It isn’t just that people deserve the opportunity to succeed. That’s important too, but the major point is that if the best and the brightest have an equal opportunity to raise to the top and enjoy success (like it was in the early days of the internet), then everyone wins. Or do you actually prefer an economy where the deck is stacked against you?

Back to the issue of name calling, I believe that the current American aristocracy must be scared to death by Elizabeth Warren, because she is challenging their privilege and power. Thus their attacks against her. Regardless of whether she becomes the next president, I think her positions and ideas deserve more discussion and implementation. That is, unless you actually believe that a few large corporations having all the power in this country is really the best we can do.


Originally published at Political Irony.