The Democratic Party's left flank is turning the midterm elections into a referendum on capitalism. Sens. Bernie Sanders and Elizabeth Warren, New York congressional candidate Alexandria Ocasio-Cortez, and dozens of other federal and state candidates protest that our economic system is unjust and needs an overhaul.
They demand radical changes like giving workers control of 40 percent of corporate board seats and making boards serve vague goals of social justice instead of maximizing profits. They're also pushing for huge minimum wage hikes.
These changes will tank the economy and hurt the very workers the party claims to represent. The Democrats' extreme proposals are handing Republicans a powerful election counterattack. At a weekend rally in Kansas City, President Donald Trump slammed Democrats as "an angry left-wing mob" pushing for Venezuela-style socialism.
The left is revving up attacks on capitalism just as workers on the bottom rungs are beginning to benefit from the booming U.S. economy. According to last week's jobs report, unemployment has been pushed back to its lowest level since 1969. Wages in blue-collar industries, such as construction and maintenance, are rising faster than for white-collar workers. Pay for people without a college education jumped almost 6 percent since last year -- triple the overall wage gain.