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Pitchfork Economics with Nick Hanauer

Ask Nick Anything

Pitchfork Economics with Nick Hanauer

Civic Ventures

News, Business, Government, Politics

4.71.5K Ratings

🗓️ 5 July 2022

⏱️ 48 minutes

🧾️ Download transcript

Summary

What’s the opposite of neoliberal economics? What would the manifesto of the perfect political party look like? How much money do corporations spend lobbying against taxes, and is it even worth it? Nick and Goldy answer these questions (and more!) from listeners. To ask us a question, use the contact page on our website: https://pitchforkeconomics.com/contact/  Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics  Further reading:  Economism: https://www.indiebound.org/book/9781101871195 The Curse of Econ 101: https://www.theatlantic.com/business/archive/2017/01/economism-and-the-minimum-wage/513155/ Arguing with Zombies: https://www.indiebound.org/book/9781324005018  Nick’s publications: https://nickhanauer.com/publications/  Trends in income from 1975 to 2018: https://www.rand.org/pubs/working_papers/WRA516-1.html The Top 1% of Americans Have Taken $50 Trillion From the Bottom 90%—And That's Made the U.S. Less Secure: https://time.com/5888024/50-trillion-income-inequality-america/  Money spent on lobbying skyrocketed during tax overhaul: https://apnews.com/article/bd8a878c5fe84ea48ffbcf05b4edba0e The 4 companies that lobbied most on tax overhaul - and what they got for it: https://www.vox.com/policy-and-politics/2017/12/7/16709586/republican-tax-bills-lobbying Corporations now spend more lobbying Congress than taxpayers spend funding Congress: https://www.vox.com/2015/4/20/8455235/congress-lobbying-money-statistic  Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0

It's summer and it's a great time to answer some of your questions.

0:06.2

Hi, Nick.

0:07.2

I was wondering if you could discuss more at length, the idea that wealth concentrates because

0:13.4

the return of capital tends to exceed the general rate of economic growth.

0:18.2

Why do you think that capitalism would be better than market socialism?

0:22.1

Dear Nick, I'm beginning to hear about investing in cryptocurrency.

0:25.1

Can you give a quick primer on this emerging phenomenon?

0:28.5

From the home offices of civic ventures in downtown Seattle, this is pitchfork economics,

0:38.0

with Nick Hanauer, the best place to get the truth about who gets what and why.

0:56.4

So pitchfork economics gang, we're back for another AMA, asking me anything.

1:00.8

It's summer and it's a great time to answer some of your questions.

1:05.8

We love doing these AMAs and we collect questions all the time so you can send us messages

1:12.7

through our website or leave us a voicemail any time that suits you and our number is

1:18.2

in the show notes.

1:19.5

And before we start, Nick, we want to plug a new podcast called When the People Decide,

1:25.2

it's from the McCourtney Institute for Democracy at Penn State and it explores the promise

1:31.1

and sometimes the peril that valid initiatives have brought to American democracy by telling

1:37.4

the stories of people who have organized initiative campaigns across the country.

1:42.8

You've organized some initiative campaigns, Nick, haven't you?

1:46.1

Yeah, a couple of 300.

1:49.0

And it makes a really big impact, which we've talked about before, some of the initiatives

1:54.8

we've run in Washington state on the economy and on gun responsibility in particular, leading

...

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