4.8 • 1.5K Ratings
🗓️ 21 January 2025
⏱️ 38 minutes
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0:00.0 | The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory. |
0:11.0 | The last five decades of trickle-down economics haven't worked. But what's the alternative? |
0:16.0 | Middle-out economics is the answer. Because the middle class is the source of growth, not its consequence. |
0:23.1 | That's right. |
0:28.7 | This is pitchfork economics with Nick Hanauer, a podcast about how to build the economy from the middle out. |
0:36.9 | Welcome to the show. |
0:38.3 | Paul, you're joining me on the pod today to do a therapy session? |
0:50.3 | I believe me. If you ran a GoFundMe for therapy, I would be your top donor. |
1:00.4 | Because as you know, I'm still, I'm still a little, I'm still, I'm a little down about the election. |
1:09.2 | Oh, yeah? And I guess by the time this airs about the inauguration. |
1:17.2 | Yeah, you know, that's understandable, Goldie. |
1:19.4 | I mean, I had the, I would say that the week after the election was was pretty rough for me, too. |
1:25.8 | It was one of the roughest weeks of my life. |
1:28.0 | I will say emotionally in public this it was it was incredibly depressing. And you know, one of the |
1:35.9 | things that helped me at that time was there was a chart that was going around and I think |
1:43.0 | you've probably seen it, Goldie, but it's the one that showed that |
1:45.8 | ruling parties around the world have been getting thrown out of office and losing elections |
1:52.5 | one after the other. Right and left. Right and left. It didn't matter who was in power. The party |
2:00.1 | in power was getting kicked in the teeth by voters |
2:02.8 | around the world this year. And in fact, that was one of the things that was helpful for me, |
2:07.3 | because, you know, Americans like to believe we're living in a vacuum. But in fact, the loss |
2:12.4 | in America was less than almost every other country in the world, meaning that, you know, all that work, |
... |
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