Warren berates American companies that “have no loyalty or allegiance” to the nation they were born in. “These ‘American’ companies show only one real loyalty: to the short-term interests of their shareholders, a third of whom are foreign investors,” she writes.

But Warren is no zero-sum economic nationalist. She understands globalization can be a positive force if focused on improving the conditions of a nation’s workforce rather than on maximizing returns to capital. “Globalization isn’t some mysterious force whose effects are inevitable and beyond our control. No – America chose to pursue a trade policy that prioritized the interests of capital over the interests of American workers.”