Elizabeth Warren Is Completely Serious – The New York Times


Another good article.


«But Wall Street and its allies “are more afraid of her than Bernie,” Zingales continued, “because when she says she’ll change the rules, she’s the one who knows how to do it.”»

I have always felt that Sanders is more interested in posture than effect.

«Two years later, Warren asked Mann, whom she had met at a conference, to marry her. He gave up his job at the University of Connecticut to join her in Houston.»


«Biden’s tiny state, which allowed credit-card companies to charge any interest rate they chose beginning in 1981, would become home to half the national market. One giant lender, MBNA, contributed more than $200,000 to Biden’s campaigns over the years, according to the Center for Responsive Politics. Biden strongly supported a bill, a version of which was first introduced in 1998, to make it more expensive to file for bankruptcy and more difficult to leave behind debt. He was unpersuaded by Warren’s charts and graphs showing how the change would increase the financial burden on families. “I am so sick of this self-righteous sheen put on anybody who wants to tighten up bankruptcy,” Biden said during a Senate hearing in 2001.


And a major effort to narrow the path to bankruptcy may have an unintended effect, according to a 2019 working paper released by the National Bureau of Economic Research, by making it harder for the country to recover from a financial crisis.


The answer raised “a troubling specter of women exercising powerful political influence within a limited scope, such as rape laws or equal educational opportunity statutes.

Warren wanted feminism to be wider in scope and centered on economic injustice. She urged students to take business-law classes. “If few students interested in women’s issues train themselves in commercial areas, the effects of the commercial laws will not be diminished, but there will be few effective advocates around to influence those policy outcomes,” she wrote. “If women are to achieve true economic equality, a far more inclusive definition of a women’s issue must emerge.”


Warren has work to do to persuade people of color to support her. In the last couple of Democratic primaries, these voters started out favoring candidates who they thought would be most likely to win, not those who were the most liberal.»

Pragmatism, again.

«When Warren makes the case about what needs to change in America by leaning on the period from 1935 to 1980, she’s talking about a time of greater economic equality — but also a period when people of color were excluded from the benefits of government policies that buoyed the white middle class. In a video announcing that she was exploring a presidential bid, Warren acknowledged that history by saying that families of color today face “a path made even harder by generations of discrimination.”


In “The Two-Income Trap,” [2003] Warren called these kinds of loans “legally sanctioned corporate plans to steal from minorities.”


Luigi Zingales, the University of Chicago economist, comes from Italy, and he feared Trump’s rise back in 2011, having watched the ascension of Silvio Berlusconi, the corrupt billionaire tycoon who was elected prime minister of Italy in the 2000s as a right-wing populist. After Trump’s victory in 2016, Zingales pointed out in a New York Times Op-Ed that the two candidates who defeated Berlusconi treated him as “an ordinary opponent,” focusing on policy issues rather than his character. “The Democratic Party should learn this lesson,” Zingales wrote. He now thinks that Warren is positioned to mount that kind of challenge. “I think so,” he said, “if she does not fall for his provocations.”»

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