US senator Elizabeth Warren has proposed reform that would mean sweeping changes to governance and capitalism in the US.
Elizabeth Warren. Photo: Shutterstock
It’s probable that Senator Elizabeth Warren, author of the proposed Accountable Capitalism Act, does not think of herself as a socialist. A Democrat, yes. But socialist? Unlikely.
However, Warren has been accused of launching a socialist policy after suggesting significant reforms to US corporate governance which seek to change the way companies are instituted, make them accountable to a wider stakeholder group than simply shareholders, and introduce employees to boards.
The proposals came in August but since then the opposition has grown in intensity. It’s worth reviewing Warren’s ideas and the reaction.
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