Mish: Elizabeth Warren Blames Businesses For Everything

Read more on this subject: General Opinion
News Story Source: https://www.zerohedge.com
Democrat front-runner Elizabeth Elizabeth wants to Remake Capitalism From the Ground Up. It would help if she had a clue what capitalism is all about.

A President Warren would seek to regulate big tech companies as utilities, break up big banks and split them from securities dealers, ban fracking of oil and gas, phase out carbon emission from buildings, cars and power plants in eight to 15 years, require big companies to appoint worker representatives to at least 40% of board seats, ban private health insurance and, effectively, for-profit college, and negotiate down drug prices.

Her policies would directly affect companies with sales of nearly $5 trillion and stock-market value of more than $8 trillion, a third of the S&P 500 stock index. Taxes on the wealthy and corporations would rise sharply.

"She could create an environment where it is next to impossible to function" for health insurers, said Vicky Gregg, a former chief executive of BlueCross BlueShield
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