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Bernie Sanders: “If they are investing many, many hundreds of billions of…”

Featuring: Bernie Sanders, Independent | U.S. Senate, Vermont

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Published | Video Starts at 31:43

You got one guy, Mr. Musk, owning more wealth, for example, than the bottom 52% of American households. You have more concentration of ownership than we've ever had. What does it mean? These guys are not dummies. And If they are investing many, many hundreds of billions of dollars in these technologies, yes, I think we can assume they're doing it for the money. But what does it mean for our society and the world when so few people have so much power? How does that impact? (31:43–31:54)

CLAIM

Asserts that significant investments in technology by wealthy individuals are primarily for financial gain.

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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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