Editor’s note: This is an excerpt from our newsletter, “2020 Election+Business,” a weekly dive into the intersection of business, finance and the 2020 election. You can sign up here.

However the Democratic caucuses in Iowa turn out, it’s time for a closer look at the business policies of Sen. Bernie Sanders. The Vermont senator — who is leading the results so far, along with Pete Buttigieg — has described himself as a democratic socialist. So what would that mean for business?

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