Senator Elizabeth Warren
๐ค SpeakerAppearances Over Time
Podcast Appearances
More people can invest and more people can invest with confidence that your only mistake you have to worry about is, oh, you decided to go with clothing instead of steel.
Not, I trusted somebody who was stealing from me.
That's the mistake.
That's what the cop on the beat is there for.
So you don't have to worry about that one.
Oh, absolutely.
Absolutely.
I think Democrats are the party of the markets precisely for the reason we just described.
Let me do antitrust law.
Antitrust law, as you know, was passed more than 100 years ago, big parts of it.
And the bottom line just says you can't grow a monopoly.
And if you do, even if people like you, if you are giant and start using your giganticness
in order to stomp out all the little businesses, ultimately the market fails.
And when I say the market fails, it's not just the monopolists can charge higher prices.
It's also, we actually know this statistically, they've lower wages and here comes the best part, they quit innovating.
And you can actually go back through history and look at this.
How many giant companies that were Alcoa was going to be the aluminum company for the next billion years?
And it turned out they actually just kind of quit innovating.
Boeing, right?
They just quit innovating, right?