America isn’t lost, it’s Adrift (with Scott Galloway)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 6 December 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

Inequality has grown so large that a number of pessimists believe America is lost. But Professor Scott Galloway argues that our nation is actually adrift, and in his latest book he explains what needs to be done to fix this imbalance and rebuild America’s foundations. Galloway joins Nick and Goldy for an honest conversation about age inequality, the middle class, corporate consolidation, and more. Scott Galloway is Professor of Marketing at NYU Stern School of Business and a serial entrepreneur. He is the bestselling author of Post Corona, The Four, The Algebra of Happiness, and most recently Adrift. Twitter: @profgalloway Adrift: America in 100 Charts https://www.penguinrandomhouse.com/books/713560/adrift-by-scott-galloway Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	We're working on another AMA, ask me anything, so if you have questions, please leave us a
0:06.7	voicemail at 7-3-1-388-9-334.
0:14.5	The America we idolize is a consequence of creating the American middle class.
0:22.0	And I think it's safe to say that our guest today on the podcast, Professor Scott Galloway,
0:27.1	agrees emphatically.
0:29.1	America needs to fall back in love with the unremarkable.
0:31.6	America is not about identifying the top 1% and trying to turn them into billionaires.
0:35.8	It's about identifying the bottom 9% and saying, I'm going to give you a shot to be in the
0:39.4	top 10%.
0:45.8	From the home offices of civic ventures in downtown Seattle, this is pitchfork economics,
0:50.9	with Nick Hanauer, the best place to get the truth about who gets what and why.
0:57.2	I'm Nick Hanauer, founder of Civic Ventures.
1:05.1	I'm David Goldstein, senior fellow at Civic Ventures.
1:13.6	One of the interesting things about the work we do and the way we do it, Nick, is the convergence
1:20.7	of ideas that come our way as we're doing our work.
1:24.5	For example, over the past 4 or 6 weeks, we've been working on some chapters of a book.
1:31.1	And a lot of it was trying to work out this argument that middle classes are not born that
1:39.4	are actually created.
1:41.3	And in the 1950s and 60s and 70s, when we created the largest, broadest, most inclusive,
1:50.0	most prosperous, most powerful middle class the world has ever seen, that was the result
1:55.8	of a specific set of political economic policy choices.
2:02.4	That's right.
	...

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