Elizabeth Warren senses her moment in the spotlight. With every move she makes now, she keeps one eye on that spotlight. I'm sure she doesn't say it aloud very often because she doesn't want to jinx it, but she thinks she has a real shot at becoming the first female U.S. president. You know she practices her inauguration speech with a hairbrush microphone in front of her bedroom mirror.
One thing standing in Warren's way of achieving her dream however, is a trait she shares with many of her cronies on the far Left – a sixth sense for very bad government ideas. Last week, she put forward a bill called the "Accountable Capitalism Act" that would create an "Office of United States Corporations." That's the first thing they teach you in Leftist school – how to add unnecessary layers of government bureaucracy.
Warren's Office of U.S. Corporations would be in charge of any company with revenue over $1 billion. Qualifying companies would have to apply for a federal charter that would force company directors to "consider the interests of all corporate stakeholders – including employees, customers, shareholders, and the communities in which the company operates."
Her bill would also require employees to select 40% of a company's directors and to set limits on executive compensation. As Warren helpfully explains on her website, this part is borrowed from "the successful approach in Germany and other developed economies." Because, you know, the U.S. is really lagging behind Germany. The Left truly has a weird, "be-like-Europe" fetish.
Do you see what her Accountable Capitalism Act is really all about? It's about rolling private corporations into the loving care of the government. Where it can be properly watched after, tended, and cared for. That never goes wrong.
Don't be fooled by any casual mainstream media coverage of Warren's proposal.
Don't be fooled by any casual mainstream media coverage of Warren's proposal. It is a radical attempt to completely reboot the way America's most successful companies operate.
Warren says, "My bill will help the American economy return to the era when American companies and American workers did well together."
Then she sets the hairbrush microphone on the dresser and gets back to brainstorming other very bad government ideas.