releases: https://www.warren.senate.gov/newsroom/news-coverage/nyt-opinion-american-capitalism-isnt-working
Data license: MIT · Data source: dwillis/congress-press
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| https://www.warren.senate.gov/newsroom/news-coverage/nyt-opinion-american-capitalism-isnt-working | NYT Opinion: American Capitalism Isn't Working | 2018-12-02 | 2018 | 2018-12 | Democrat | House | MA | Elizabeth Warren | W000817 | www.warren.senate.gov | legacy | December 02, 2018 NYT Opinion: American Capitalism Isn't Working Not so long ago, corporate leaders understood they had a stake in the country's prosperity. The great stagnation of living standards isa defining problem of our time. Most families do not enjoy the rapidly rising level of living that Benton called for. Understandably, many Americans are anxious and angry. Warren wants an economy in which companies again invest in their workers and communities. Yet she doesn't believe it can happen organically, as it did in the 1940s, because financial markets will punish well-meaning executives who stop trying to maximize short-term profits. They can't go back, she told me recently. You have to do it with a rule. She has proposeda bill in the Senate and Ben Ray Lujn, a top House Democrat, will soon offer it there that would require corporate boardsto take into accountthe interests of customers, employees and communities. To make sure that happens, 40 percent of a company's board seats would be elected by employees. Germany uses a version of this shared-governance model, mostly successfully. Even in today's hypercompetitive economy, German corporations earn nice profits with a philosophy that looks more like William Benton's than Gordon Gekko's. Read more here. By: David Leonhardt Source: New York Times Print Email Tweet Previous Article | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |