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Warren is, fundamentally, a supporter of the status quo. She's a liberal, not a socialist. She has gone on record supporting capitalism, specifically liberal free market capitalism, although she does believe that greater regulation is required.
This is not enough to energise the left into political action and voting. It is not enough to heal the crisis that free market capitalism is causing in the US. Obama's legacy is one of loosening the chains with gradual reform, instead of a sweeping plan to fix the American economy. Obama failed to heal the wound that the 2008 crisis caused, and we got Trump as a result. Make no mistake – Warren will be exactly the same story, perhaps making more substantial reforms, but she will not challenge the capitalist economic heirarchy that is causing the American populace to lurch towards radicalism. She has billionaire donors who are counting on this fact.
This will only empower the far-right in the following years. When Warren, touted as a "leftist" with "basically the same policy as Bernie", fails to fix the contradictions in capitalism that cause everyone but a handful of billionaires to get poorer and more disenfranchised, the anger and vitriol is going to reach boiling point, and we're going to be in a much worse position to fight it. If Trump is bad, then the competent and more dangerous fascist who comes after him will make him look like a moderate. They're already operating concentration camps on the southern border, and talking about designating anti-fascism as a terrorist movement. Think about what a 2024 Republican presidential nominee looks like in this scenario, when the Democrats fail yet again to enact real change.
The GOP know this. They understand, more than the Democrats do, that that free market neoliberalism is a dying ideology, and more than ever before, people are asking for an alternative, a solution. Their answer is to attack the status quo in the form of abandoning free trade as a desirable objective, pulling out of international bodies, and blaming the problems that capitalism causes on groups such as immigrants, "coastal elites", and foreign powers such as China. The reason that this is so effective at energising their base is that they are at least acknowledging that there's a fundamental issue in our economy which requires drastic action to fix, even if their solutions will only worsen it. When they blame "elites", what their supporters hear is the same thing that we hear when Bernie talks about the 1% – but Bernie is genuine, and actually intends to do something about the issue, whereas the Republicans have no interest in actually challenging that elite. This is called false class consciousness, and it's a common tactic used by fascists to draw support from the working class who should really be supporting socialism.
Bernie knows this, too, and so do other democratic socialists. But our solution is different. It'll actually work. We will guarantee healthcare as a right – no means testing, no mincing words – just a comprehensive healthcare system, paid for by a small increase in tax on the richest in society. We will empower the labor movement like no other president has done. We will encourage employee ownership of businesses, so that the profits are spread equally amongst everyone rather than going to a handful of shareholders who did none of the work that produced it. We will mobilise the economy to fight climate change like the existential threat that it is, and damn the profits of billionaires who protest it. We will change the political landscape so that it's no longer controlled almost entirely by the capitalist class of billionaires and business owners. We will move the Overton window to the left, and we will wage class war on the billionaire class who have been waging one on us for centuries.
Warren will not do any of this. She will be the same story of incremental change that achieves nothing that we've seen from every Democrat since FDR. Like I've said, she has billionaire donors, and they're counting on the fact that she isn't going to upset the existing order too much. Bernie is a real threat to the establishment, and they're terrified.
That's why he's the only acceptable nominee.