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Pitchfork Economics with Nick Hanauer

America Adrift: Inequality, Power, and the Fight to Fix It (with Scott Galloway)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 17 June 2025

⏱️ 45 minutes

🧾️ Download transcript

Summary

With inequality rising, housing out of reach, and young Americans falling further behind, some argue the American Dream is dead. But NYU professor Scott Galloway has a different take: America hasn’t fallen—it’s adrift. Originally recorded in late 2022, this episode features a candid conversation about what’s really hollowed out the middle class: generational wealth hoarding, runaway corporate consolidation, and a political system rigged for the rich. As billionaires push for yet another round of tax cuts and working families continue to struggle, Galloway’s message is more relevant than ever: America can still right the ship—but only if we change course. Scott Galloway is a clinical professor of marketing at NYU’s Stern School of Business, a bestselling author, and a tech entrepreneur. He’s the host of the Prof G Show and co-host of Pivot. Galloway is a leading voice on the need to rein in corporate power and rebuild the middle class. ⁠This episode originally aired December 6, 2022. ⁠ Social Media: ⁠@profgalloway.com⁠ ⁠@profgalloway⁠ Further reading:  ⁠Adrift: America in 100 Charts⁠ Website: ⁠http://pitchforkeconomics.com⁠ Instagram: ⁠@pitchforkeconomics⁠ Threads: ⁠pitchforkeconomics⁠ Bluesky: ⁠@pitchforkeconomics.bsky.social⁠ Twitter: ⁠@PitchforkEcon⁠, ⁠@NickHanauer⁠, ⁠@civicaction⁠ YouTube: ⁠@pitchforkeconomics⁠ LinkedIn: ⁠Pitchfork Economics⁠ Substack: ⁠The Pitch⁠

Transcript

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0:00.0

Hey, pitchfork listeners, Goldie here. If you're feeling a little adrift in America today,

0:05.9

well, you're not alone. So as a show of solidarity, we thought we'd re-air our conversation with Scott

0:13.7

Galloway about his book, Adrift, America in 100 charts. And while you can't see the charts on a podcast, our conversation with Scott was still very

0:25.9

illuminating about all the things that are still very wrong about the American economy today.

0:34.5

The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.

0:44.0

The last five decades of trickle-down economics haven't worked.

0:47.8

But what's the alternative?

0:49.4

Middle-out economics is the answer.

0:51.5

Because the middle class is the source of growth, not its consequence.

0:56.0

That's right.

1:01.0

This is Pitchfork Economics with Nick Hanauer, a podcast about how to build the economy from the middle out.

1:10.0

Welcome to the show.

1:11.6

I'm Nick Henauer, founder of Civic Ventures.

1:20.6

I'm David Goldstein, Senior Fellow at Civic Ventures.

1:25.6

One of the interesting things about the your fellow at Civic Ventures.

1:35.6

One of the interesting things about the work we do and the way we do it, Nick, is the convergence of ideas that come our way as we're doing our work. For example, over the past

1:42.9

four, six weeks, we've been working on some chapters

1:46.0

of a book and a lot of it was trying to work out this argument that middle classes are not

1:54.2

born. They're actually created. And in the 1950s and 60s and 70s, when we created the largest, broadest, most inclusive,

2:06.1

most prosperous, most powerful middle class the world has ever seen, that was the result of a

2:12.9

specific set of political economic policy choices.

2:18.5

That's right. That's right. One of the biggest lies of, you know, market fundamentalism or

...

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