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Sanders: Wall Street ‘Destroying The Moral Fabric’ Of US

Senator Bernie Sanders sat down with the New York Daily News to discuss most of his policy positions. During that conversation, he elaborated on how he things corporations are hurting the U.S.

From the New York Daily News: 

Daily News: We are very well aware of the broad themes of your campaign by now. So we’d like to hone in on some of the more particular issues to get a sense of how your presidency might evolve.

You’ve said that the greed of Wall Street and corporate America is destroying the fabric of our nation. So if we can get particular: For example, in corporate America, Apple happens to be celebrating, today, its 40th birthday. It’s a company that grew from nothing to 115,000 permanent employees. And I’m wondering, is Apple destroying the fabric of America?

Bernie Sanders: No, Apple is not destroying the fabric of America. But I do wish they’d be manufacturing some of their devices, here, in the United States rather than in China. And I do wish that they would not be trying to avoid paying their fair share of taxes.

Daily News: Okay. Well, would you name, say, three American corporate giants that are destroying the national fabric?

Sanders: JPMorgan Chase, and virtually every other major bank in this country. Let me be very clear, all right? I believe that we can and should move to what Pope Francis calls a moral economy.

Right now, there are still millions of people in this country who are suffering the results of the greed, recklessness and illegal behavior on Wall Street. And when you have companies like Goldman Sachs and many other major banks reaching settlements with the United States government, as you’re aware, for many billions of dollars, this is an implicit admission that they have engaged in illegal activity.

Daily News: I understand that. I wanted to draw a distinction, though. Because in your speech you mention the financial industry and you focused on corporate America, the greed of Wall Street and corporate America. So I wanted to get a sense of corporate America, as the agent of American destruction.

Sanders: General Electric, good example. General Electric was created in this country by American workers and American consumers. What we have seen over the many years is shutting down of many major plants in this country. Sending jobs to low-wage countries. And General Electric, doing a very good job avoiding the taxes. In fact, in a given year, they pay nothing in taxes. That’s greed.

That is greed and that’s selfishness. That is lack of respect for the people of this country.

Daily News: And so how does that destroy the fabric of America?

Sanders: I’ll tell you how it does. If you are a corporation and the only damn thing you are concerned about is your profits. Let’s just give an example of a corporation that’s making money in America, today, but desiring to move to China or to Mexico to make even more money. That is destroying the moral fabric of this country. That is saying that I don’t care that the workers, here have worked for decades. It doesn’t matter to me. The only thing that matters is that I can make a little bit more money. That the dollar is all that is almighty. And I think that is the moral fabric.

To me, what moral is, I’ve got to be concerned about you. You’ve got to be concerned about my wife. That’s moral to me. That’s what I believe in. And if the only thing that matters to you is making an extra buck, you don’t care about my family, I think that’s immoral. And I think what corporate America has shown us in the last number of years, what Wall Street has shown us, the only thing that matters is their profits and their money. And the hell with the rest of the people of this country.

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