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Ocasio-Cortez: 'Capitalism is irredeemable'

Rep. Alexandria Ocasio-CortezAlexandria Ocasio-CortezKamala Harris, Stacey Abrams among nominees for Time magazine's 2020 Person of the Year Ocasio-Cortez, Cruz trade jabs over COVID-19 relief: People 'going hungry as you tweet from' vacation Biden Cabinet picks largely unify Democrats — so far MORE (D-N.Y.) on Saturday called capitalism "irredeemable."

"Capitalism is an ideology of capital — the most important thing is the concentration of capital and to seek and maximize profit," she said during an interview at the South by Southwest conference in Austin, Texas, according to Bloomberg News.

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"To me, capitalism is irredeemable," she added, arguing that capitalism's goals come at a cost to people and the environment, Bloomberg reported.

The congresswoman, who has described herself as a democratic socialist, added during her interview that "we should be scared."

"Just as there’s all this fearmongering that government is going to take over every corporation and government is going to take over every business or every form of production, we should be scared right now because corporations have taken over our government," she said.

Ocasio-Cortez also said that the "emphasis in democratic socialism is on democracy" and expanding the rights of workers.

"It’s just as much a transformation about bringing democracy to the workplace so that we have a say and that we don’t check all of our rights at the door every time we cross the threshold into our workplace," she said. "Because at the end of the day, as workers and as people in society, we’re the ones creating wealth."