'I'm a capitalist': Beto O'Rourke's view of markets puts him on the right in the 2020 Dem field

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'I'm a capitalist': Beto O'Rourke's view of markets puts him on the right in the 2020 Dem field
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Beto O'Rourke echoes Obama in his policy stances – putting him on the right in the 2020 Dem field

WASHINGTON – Beto O'Rourke jumped into the 2020 presidential race early Thursday morning – which means voters nationwide will start to get to know where the young Texas Democrat stands on the issues.

In a 2020 Democratic primary field that's currently awash in candidates each looking for a way to claim the mantle of"most progressive," it's unclear precisely where O'Rourke would fall. But it surely wouldn't be on the far left. O'Rourke also backed increased funding for Pell Grants and student loans, but he has yet to explicitly endorse the type of tuition-free college model that his fellow 2020 hopeful, Julian Castro, called for in January.So where does O'Rourke stand out in the crowded 2020 field?

In recent weeks, however, signs have emerged that O'Rourke may have decided to embrace his centrism, instead of trying to match the righteous indignation at big business that's become so closely associated with candidates like Sanders and Sens. Elizabeth Warren. More importantly, in terms of the primary, it signaled that O'Rourke intends to fashion himself as a sort of anti-Sanders – a champion for capitalism, albeit a much more tightly regulated version of it than the one espoused by the Trump administration.He doesn't rail against the evils of Wall Street, a subject area in which Warren tops her rivals, both in expertise and in passion.

Much of O'Rourke's 2018 Senate platform was focused on criminal justice reform, a prominent issue in a state that operates the largest prison system in the nation. But many of his proposals could easily be translated onto the national stage, where they would likely galvanize support among young people, and among minority communities that are disproportionately affected by mandatory minimum sentencing laws.

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