Chris Murphy

That was the same thing with youth sports, right?

Like, when we grew up, it was inconceivable that a New York investment firm would own the league that my...

little league baseball team played in.

We just had like an understanding that like, it was just kind of icky for certain things to be run for profit.

So now what do we do?

Do we come in as a Congress or does a state legislature come in and say,

that youth sports associations can't be owned by for-profit entities?

Maybe, like maybe that's where it's come to, but boy, it'd be a lot better off if we could have just kept that old informal understanding.

It's a transition that's been in the works for decades, the idea that the only thing that matters in our economy is profit and efficiency, and that if a particular industry is generating profit, then it must inherently be working correctly.

That's a really new idea in America.

It used to be that we thought an economy should work first and foremost for the common good,

We wanted people to make money because that's how you get innovation and ingenuity and hard work is something you want to incentivize.

But we said, first, the economy should work to just make us happy, right?

To make us feel fulfilled.

And second, it should work to make...

people rich.

So yeah, now I think we've gotten to the point where that informal value structure is gone.

There is no shame in the private sector.

Everything is commoditized.

Now we have to look at legislation that kind of reinserts these priorities, the common good, worker health, community health, back into the calculus that these companies are making.