(Sharecast News) - The Democratic Party's presumptive nominee vowed on Thursday to "put an end" to an era "shareholder capitalism", saying that the days of Amazon not paying federal taxes were numbered.
According to some analysts, his remarks weighed on the stockmarket while some commentary labelled his choice of words as "populist".

In a speech at a manufacturing plant near his hometown of Scranton, Pennsylvania, Biden also said that he would strengthen unions and fight to strengthen smaller companies and entrepeneurs, while cracking down on big businesses.

"It's time that corporate American pays their fair share of taxes," Biden said.

"The days of Amazon paying nothing in federal income tax are over. Let's make sure workers have power and a voice. It's way past time to put an end to the era of shareholder capitalism - the idea that the only responsibility a corporation has is to its shareholders.

"That's simply not true and it's an absolute farce. They have a responsibility to their workers, to their country. That isn't a new or radical notion."

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