4.8 • 1.5K Ratings
🗓️ 24 December 2024
⏱️ 45 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. |
0:10.0 | It's time to build our economy from the bottom up and from the middle out, not the top down. |
0:15.0 | Middle out economics is the answer. |
0:18.0 | Because Wall Street didn't build this country. Great middle class built this country. |
0:22.2 | The more the middle class thrives, the better the economy is for everyone, even rich people like me. |
0:34.0 | This is Pitchfork Economics with Nick Hanauer, a podcast about how to build the economy from the middle out. |
0:42.1 | Welcome to the show. |
0:49.5 | The name of this podcast, Nick, Pitchfork economics, most of our listeners know. |
0:56.3 | It comes from a piece you wrote 10 years ago in Politico titled The Pitchforks are Coming for Us Plutocrats. |
1:05.3 | It was a warning to your fellow plutocrats that if income inequality kept increasing, bad things were going to happen, |
1:15.4 | and bad thing did happen recently, which has brought attention back to this piece and the TED talk |
1:23.2 | you did that followed it up, the shooting of a United Health Care CEO in New York. |
1:30.2 | I think what was most interesting about that assassination was not so much the fact that it |
1:35.3 | happened. |
1:36.3 | Right. |
1:36.6 | Because shootings happen all the time. |
1:39.9 | I mean, we have school shootings. |
1:41.5 | Yeah, I think there have been 83 school shootings so far, you know, mass school shootings |
1:45.6 | this year so far. |
1:46.7 | And there haven't been 83 CEO assassinations. |
1:50.4 | Right. |
1:50.7 | And those school shootings don't really even get the media play that they used to. |
... |
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