The New York democratic socialist attacked the US economy during an interview with Yahoo Finance's Andy Serwer on Thursday, asserting that it was controlled by a small group of capitalists who make money and 'don't have to work.'
"They can control our labor. They can control massive markets that they dictate and can capture governments, "Ocasio-Cortez, 32, stated.
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'And they can essentially have power over the many. 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.'
Ocasio-Cortez further expressed that capitalism was flawed at its core, arguing, "To me, 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."
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She said that under the economic system, a nation's power is held by an elite and wealthy minority, calling out billionaires Charles Koch and David Koch, whose family is worth more than $100 billion and have a hold on the fuel and oil industries.
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"If it ultimately comes down to a billionaire or the Koch brothers or the Koch family having control over the vast majority or large plurality of our oil assets in the United States, if it's a handful of very wealthy families having control over - you know, private families having control over means of production, that is essentially the capitalist system that we live in," AOC said.
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'It is a small group that is of privatized control over what we eat and how we fuel our society.'
The New York rep touted alternatives for companies to do business by including workers in the way they operate, alluding to ideas discussed by fellow progressive U.S. Senator Elizabeth Warren.
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"For example, Elizabeth Warren has discussed workers being elected to the governing boards of companies...you can have markets where businesses and ways of producing, trading, selling goods are really controlled and not just controlled but giving more power to workers."
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"People get a fair shake. Union jobs, unionized workplaces, all of these are different steps and levels that we're talking about in a more just economy," she offered.
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Ocasio-Cortez's comments on Server's 'Influencer' show were part of a broader interview where the Yahoo Finance host questioned her takes on recent economic events, including Congress's refusal to ban representatives from buying and selling stocks.