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Pitchfork Economics with Nick Hanauer

Behind the scenes of Nick’s new TED Talk: The dirty secret of capitalism—and a new way forward

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.81.5K Ratings

🗓️ 17 September 2019

⏱️ 33 minutes

🧾️ Download transcript

Summary

In July, Nick took the stage at TEDSummit in Edinburgh, Scotland to make the case for a new economics that recognizes people, not capital, as the driver of economic growth. The talk, released by TED last week, explains why unchecked greed will inevitably lead to the collapse of society. In this episode, Nick takes us behind the scenes of the making of the speech and shares his hopes for its impact, and TED Business Curator Corey Hajim gives us insight into the making of a TED conference. To hear Nick's full speech, visit the links below. Video of Nick’s TED Talk: https://www.ted.com/talks/nick_hanauer_the_dirty_secret_of_capitalism_and_a_new_way_forward Audio of Nick’s talk on the TED Talks Daily podcast: https://podcasts.google.com/?feed=aHR0cHM6Ly9mZWVkcy5mZWVkYnVybmVyLmNvbS9URURUYWxrc19hdWRpbw&episode=ZW4uYXVkaW8udGFsay50ZWQuY29tOjQ4NTQ1&hl=en&ep=6&at=1568658932671 Twitter: @NickHanauer

Transcript

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0:00.0

Hey gang to hear my full talk you have to check out the awesome podcast Ted Talks daily so those guys post a new idea every day of the week on every subject imaginable and you can find it wherever you're listening to

0:16.2

this podcast.

0:17.7

If we truly want a more equitable, more prosperous, and more sustainable economy,

0:28.0

if we want high-functioning democracies and civil society, we must have a new economics and here's the good news

0:37.0

If we want a new economics all we have to do is choose to have it.

0:43.0

From the offices of Civic Ventures

0:47.0

from the offices of Civic Ventures in downtown Seattle, this is Pitch Fork Economics, with Nick Hanauer.

0:57.0

One American capitalist's desperate attempt to save us from ourselves.

1:09.0

I'm Nick Hanauer, founder of Civic Ventures. I'm Stephanie Urban.

1:10.0

I run a lot of our advocacy and campaign work here at Civic Ventures.

1:14.0

So Nick, your most recent speech for Ted is out.

1:19.0

You recorded last month in Edinburgh on the Ted main stage which is super cool what

1:23.7

in honor yeah super fun and at the end of this episode we'll play a clip from

1:27.5

your speech at Ted and tell our listeners where they can watch the whole thing but I

1:31.3

want to take you back and talk about what led up to this moment of you taking the main stage at Ted this year.

1:38.0

So you've done two TEDs before.

1:40.0

Can you talk about those and what you've covered?

1:43.0

Yeah, so I gave my first head talk, I think in 2012, and that was pretty controversial

1:50.4

because I made this argument basically about inequality in 2012 that the true job

1:57.4

creators in a market economy aren't rich people like me but rather are middle class consumers.

2:04.6

Sort of hard to believe but in 2012 talking about inequality was not fashionable.

2:09.7

It made people really angry and crazy and there was a lot of controversy around that

...

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