Unlike Sen. Bernie Sanders, I-Vt. – one of her competitors for the Democratic presidential nomination – Sen. Elizabeth Warren, D-Mass., rejects the “socialist” label, insisting that she’s a “capitalist to the bone.”
However, Warren’s economic policies bespeak a socialist’s ambition to empower government and the elites who control it, rather than an understanding of capitalism’s potential to create opportunity and reward individual achievement.
On the campaign trail, Warren’s favorite phrase is “I’ve got a plan for that.” Unfortunately, this “capitalist to the bone” means that for every problem we face, she’s got a plan to expand and empower government.
For example, Warren advocates removing private enterprise from the health care sector, which represents about 20 percent of our economy. A supporter of “Medicare-for-all,” she was one of only two candidates in the recent Democratic presidential debates who raised her hand in support of totally eliminating private health insurance. The other was New York City Mayor Bill de Blasio.
It’s hard to argue with the notion that, as a nation, we should work to reduce costs and increase the quality of health care. But a capitalist would understand that the only