How to Build a Just Economy (with Nick Romeo)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 30 April 2024

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Journalist Nick Romeo joins us to discuss his new book "The Alternative: How to Build a Just Economy." Romeo argues that the conventional economic wisdom has fostered political and economic instability, resulting in widening inequality, environmental degradation, and the exploitation of workers. He also highlights innovative solutions and success stories—including worker cooperatives, public-option marketplaces, and job guarantee programs— that paint a picture of how we can design systems in a market economy that truly work for everyone. Nick Romeo is a journalist, critic, and essayist who has spent years covering policy and ideas for The New Yorker magazine. He also teaches at the Graduate School of Journalism at UC Berkeley. The Alternative: How to Build a Just Economy The New Yorker: Nick Romeo Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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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.
0:10.0	It's time to build our economy from the bottom up and from the middle out, not the top down.
0:15.3	Middle out economics is the answer.
0:17.7	Because Wall Street didn't build this country.
0:20.0	Great middle class built this country.
0:22.2	The more the middle class thrives,
0:24.4	the better the economy is for everyone,
0:27.5	even rich people like me. This is pitchfork economics with Nick Hanauer, a podcast about how to build the economy from the middle out.
0:42.0	Welcome to the show.
0:44.0	At the dawn of the
0:50.0	at the dawn of the neoliberal era, Nick, British Prime Minister Margaret Thatcher famously
0:57.1	proclaimed that there is no alternative.
1:01.1	Well, today's guest would disagree with that.
1:03.6	Yes, indeed.
1:05.4	Today on the pod we have Nick Romeo, who's journalist who writes mostly for the New Yorker covering economic issues and other things, but
1:17.0	he has a new book out called The Alternative, How to Build a just economy.
1:23.0	You know, Nick is one of now thousands of people who are coming to the conclusion that the existing
1:29.0	framework of economics is bankrupt and corrupt and that we don't have to just we there are rather
1:38.5	Alternatives to the neoliberal form of shareholder value max capitalism that we live with today that has done
1:45.5	so much damage to human societies and also to the planet.
1:50.8	You know it's a really interesting book He lays out actually a lot of alternatives, which I think are really interesting and substantive.
1:58.0	So why don't we just talk to Nick.
	...

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