Rep. Alexandria Ocasio-Cortez said capitalism is "not a redeemable system" for Americans, and represents the "absolute pursuit of profit" at all costs.
"Capitalism at its core, what we're talking about when we talk about that is the absolute pursuit of profit at all human, environmental, and social cost," AOC said during a Yahoo Finance interview on Thursday.
Ocasio-Cortez claimed that capitalism empowers only a "very small group of actual capitalists," who she said "have so much money that their money makes money and they don't have to work."
"They can control industry, they can control our energy sources, they can control our labor, they can control massive markets, that they dictate and can capture governments, and they can essentially have power over the many," AOC said of the small group of "actual capitalists." "And to me, that is not a redeemable system for us to be able to participate in for the prosperity and peace for the vast majority of people."
The New York democratic socialist cited the Koch family, and criticized them for "having control over the vast majority or large plurality of our oil assets in the United States."
"Private families having control over means of production, that is essentially the capitalist system that we live in," AOC told host Andy Serwer. "It is a small group that is of privatized control over what we eat and how we fuel our society."
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