Stephen A. Smith DROPS the “Socialist” Question on Abdul El-Sayed — The Candidate Turns the Tables on Billionaires and Corporate Greed
Stephen A. Smith: Forgive the obvious question, but are you a socialist?
Dr. Abdul El-Sayed: I’m not. I’m a capitalist who understands capitalism.
Adam Smith, who coined the term capitalism, said there is no market without morals. He also said the biggest danger to capitalism wasn’t government regulation, but monopoly.
Think about it. Your phone is probably made by one of two manufacturers. You have one of three major carriers.
If you fly to another state, you’re probably using one of three airlines and one of two aircraft manufacturers.
We have monopolies and oligopolies throughout our economy, and that’s anti-capitalist.
Capitalism is supposed to use supply and demand to allocate scarce resources. It was never meant to allow massive corporations to dominate entire markets.
Even worse, these corporations use their money to influence the politicians responsible for regulating them.
I believe in free markets. That’s exactly why we need to regulate corporations and stop them from buying politicians.
I believe in a world where a Palestinian child and a Jewish Israeli child growing up in the Holy Land can look forward at their life and believe it is not going to be curtailed by somebody's violence.
I've been in politics for a quarter century. It's hard to express how staggering it is to see a conversation like this on corporate US media. The Morning Joe panel gobsmacked by the directness of @AbdulElSayed's points.
(clip via @DropSiteNews)
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