Airbnb is democratizing capitalism and helping tackle economic inequality, its head of global policy and public affairs said Wednesday.
The home-sharing service has taken its case to the Democratic National Convention, where it is trying to convince Washington the sharing economy is good for the U.S. economy.
The push comes on the heels of Sen. Elizabeth Warren's call for a regulatory probe into whether short-term rental websites like Airbnb are taking housing away from long-term renters and boosting prices. Hillary Clinton also called out the sharing economy as a potential factor in dampened wage growth last year.
"In a time period where economic inequality is a central issue … we are a platform that is providing a solution — not the solution, but certainly a solution to economic inequality and helping millions of millions of people make ends meet on a regular basis," Chris Lehane told CNBC's "Closing Bell."