Ask Nick Anything

Pitchfork Economics with Nick Hanauer

Civic Ventures

Politics, Business, Government, News

4.8 • 1.5K Ratings

🗓️ 9 February 2021

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

You know the drill: Nick and Goldy answer your questions! Did we see ‘pitchforks’ at the Capitol insurrection? What should people who subscribe to the economic theories we talk about in this podcast call themselves? What are the smartest investments the average person can make for a stronger, more prosperous, more democratic America? And more! To ask Nick and Goldy a question for a future AMA, leave us a voicemail at (731) 388-9334. Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics The Pitchforks are Coming… For Us Plutocrats: https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014 CORE Economics: https://www.core-econ.org/ Evonomics: https://evonomics.com/ Institute for New Economic Thinking: https://www.ineteconomics.org/ Rethinking Economics network: https://www.rethinkeconomics.org/ Raising the minimum wage leads to significant gains for workers, not to ‘benefits cliffs’: https://www.nelp.org/publication/raising-minimum-wage-leads-significant-gains-workers-not-benefits-cliffs/ Study finds increasing minimum wage does not cause loss of jobs: https://www.dailycal.org/2018/09/10/study-finds-increasing-minimum-wage-does-not-cause-loss-of-jobs/ Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	Today we get to answer a broad variety of questions from listeners.
0:05.0	Why haven't these people tried doing the same thing with the saner economic paradigm?
0:11.0	Has your belief in free market capitalism changed?
0:14.0	My question is this. Doesn't the pursuit of a strong economy come at the expense of environmentalism? What can an individual person do to push back against these systems that perpetuate unfair and un-democratic outcomes?
0:31.6	From the home offices of civic ventures in downtown Seattle, this is Pitchfork Economics with Nick Hanauer,
0:39.1	the best place to get the truth about who gets what and why.
0:48.4	I'm Nick Hanauer, founder of Civic Ventures.
0:52.0	I'm David Goldstein, Senior Fellow at Civic Ventures.
0:59.3	Hey, Nick, with a new Biden administration coming in. I'm sure you're getting a lot of
1:04.6	questions from folks on social media. Oh, yes. And the anti-minimum wage trolls have come out in force freaking out, so worried
1:15.0	about the jobs for poor people. It's just... That's right. Nothing, nothing more threatening than
1:22.3	calling into question that supply demand curve chart and your econ 101 textbook. Oh, yes. Yeah. But today we get to
1:32.2	answer a broad variety of questions from listeners. And Annie is going to even read some to us.
1:38.3	So should be interesting. All right. Let's get started. The first one is from Jason. He says,
1:43.6	The Capital Insurrection got me to rewatch your pitchforks are coming, TED Talk. Do you think that we witnessed pitchforks? If we did, did you ever expect it would come from this kind of mob? It never occurred to me that the pitchforks could be people that I can't identify with. So, Nick, when you wrote the pitchforks are coming in 2014, did you expect they might be coming
2:04.0	from the right? Well, you know, to be clear, I always, I'm not sure I distinguished in my head the
2:12.3	difference between people who felt left behind, who leaned left versus right.
2:19.1	But I mean, the basic thrust of the argument is,
2:22.9	and I think the claim that most carefully,
2:26.7	most successfully aligns with what we know from history,
2:32.0	is that if you impoverish the majority of citizens in a democracy, and what
2:39.8	social scientists now call mass immiseration, what Peter Churchin calls mass immiseration, people will lose
	...

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