Rep. Alexandria Ocasio-Cortez (D-N.Y.) talks to MSNBC's Chuck Todd about Democratic Socialism, capitalism and whether you can support both.
CHUCK TODD: The president spent a lot of time on using the S word; socialism and socialist. It was a not too subtle -- I don't know whether it's a dig or an enhancement. I'll let you decide.
REP. ALEXANDRIA OCASIO-CORTEZ: I was flattered.
TODD: OK. Fair enough. You have said you are democratic socialist. Can you be democratic socialist and a capitalist?
OCASIO-CORTEZ: Well, I think it depends on your interpretation. So there are some democratic socialists that would say absolutely not. There are other people that are democratic socialist that would say I think it's possible.
TODD: What are you?
OCASIO-CORTEZ: I think it's possible. I think that ...
TODD: Do you say to yourself I'm a capitalist but.
OCASIO-CORTEZ: I don't say that. You know if anything I would say I'm -- I believe in -- in a democratic economy but ...
TODD: Got you.
OCASIO-CORTEZ: But the but is there. So -- so in some ways whether it's you're coming from say Elizabeth Warren's perspective where she says, you know she says things like I'm a capitalist but we need to have hard rules for the game.
TODD: What does the private sector do better than you know that the private -- look, government should stay out of X because the private sector does that better.
OCASIO-CORTEZ: Yes, I think there's a lot of things. There's a lot of consumer goods where the private sector works. And by the way, I think it's important to delineate that just because you're in the private sector doesn't -- you can be in the private sector and be a democratically socialist business.
Worker cooperatives are a perfect example of that. It's not about government takeover, it's about how much do workers have a say in your business. Do you have workers on the board? Do workers enjoy a decent amount of the wealth that they are creating.
Or is the majority of these profits going to shareholders while you're paying a worker $15 an hour to live in a New York City apartment. And to that too me is a the difference. It's not that public -- the public sector is democratically socialist and the private sector is not. It's really about a more nuance understanding of how our economy should work.
Full interview on Thursday's 'MPT Daily':