Feb 21, 2019

"I see the value of markets": Elizabeth Warren on why she's a capitalist

Sens. Elizabeth Warren and Bernie Sanders. Photo: Bill Clark/CQ Roll Call

In an interview with Pod Save America's Tommy Vietor airing Thursday, Sen. Elizabeth Warren explained why she — unlike fellow senator and 2020 candidate Bernie Sanders — has chosen to identify as a "Democrat capitalist," rather than a "democratic socialist."

"I see the value of markets and that they can produce a lot of good if they have rules. But let us all be clear: Markets without rules are theft and I am opposed to theft. There is a reason that the folks on Wall Street, the big CEOs, don't want me to even be in the Senate. ... Because I get how the system works and how it can work when it works right. And how these are the guys who are ripping it off and make it not work."

Go deeper: Everything you need to know about 2020 candidate Elizabeth Warren

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The polarized pandemic election

A Trump supporter protests Pennsylvania's stay-at-home order, during a May 15 rally outside the Capitol in Harrisburg. Photo: Mark Makela/Getty Images

President Trump is going all-in on pushing for a rapid, robust return to normal life, creating a visual, visceral contrast with Joe Biden and other Democrats who are more reticent to rip the masks off.

The state of play: Business friends have been urging Trump from the beginning to keep the lockdowns short. He's listening more and more.

Tech's long hot summer of antitrust

Illustration: Aïda Amer/Axios

Google, Facebook and other tech giants face a summer of regulatory grilling as long-running investigations into potential anticompetitive practices likely come to a head.

The big picture: Probes into the power of Big Tech launched by federal and state authorities are turning a year old, and observers expect action in the form of formal lawsuits and potentially damning reports — even as the companies have become a lifeline for Americans during the pandemic lockdown.

Palantir CEO hits Silicon Valley "monoculture," may leave California

Palantir is "getting close" to a decision on whether to move the company out of California, CEO Alex Karp said in an interview for "Axios on HBO."

The state of play: "We haven't picked a place yet, but it's going to be closer to the East Coast than the West Coast. ... If I had to guess, I would guess something like Colorado."