2020 will be a litmus test for capitalism

The two most interesting questions in US politics at the moment are whether Ms Elizabeth Warren will be the Democratic candidate in 2020 and whether President Donald Trump will still be around to duke it out with her.

Neither is certain, of course, but Ms Warren's ascendance already guarantees that the 2020 election will come down, as elections often do, to a fight between old and new. Or, in this case, between unbridled economic markets and a new, more regulated framework for capitalism.

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A version of this article appeared in the print edition of The Straits Times on November 15, 2019, with the headline '2020 will be a litmus test for capitalism'. Print Edition | Subscribe