'The future of capitalism — whether it’s working for most Americans, why its benefits are so unequally shared, and how it can be fixed — is one of the central political questions of our time.' Read DoyleMcManus ' latest:
But once the candidates started explaining what they think about the economy, it wasn’t silly after all.
For Warren, a fierce critic of the financial system, the main defect of capitalism is lax rules. In her telling, deregulation of banks and Wall Street led to the crash of 2008 and produces unfair outcomes today. “I don’t begrudge anybody making a million or hundreds of millions of dollars,” Biden told students at the University of Pennsylvania. “But I do think there’s some shared responsibility, and it’s not being shared fairly…. What happened to a moral responsibility, to a moral capitalism?”
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