BONUS: Rewriting the rules for an inclusive economy (with Darrick Hamilton)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 4 October 2019

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

As we reimagine the rules of our political and economic institutions, it is essential that racial justice be centered in the conversation. Darrick Hamilton explains how neoliberalism exploits existing structures of racism and power in America, and shares his optimism for a course-correction that will promote broadly shared prosperity. Darrick Hamilton is the Executive Director of the Kirwan Institute for the Study of Race and Ethnicity at The Ohio State University, and a fellow at the Roosevelt Institute. As a stratification economist, his research focuses on the causes, consequences, and remedies of racial and ethnic inequality in economic and health outcomes, which includes an examination of the intersections of identity, racism, colorism, and socioeconomic outcomes. Twitter: @DarrickHamilton Further reading: New Rules for the 21st Century: Corporate Power, Public Power, and the Future of the American Economy: https://rooseveltinstitute.org/wp-content/uploads/2019/04/Roosevelt-Institute_2021-Report_Digital-copy.pdf

Transcript

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0:00.0	Hey, it's Stephanie, and by now on the podcast, we've established that trickle down economics
0:10.1	and neoliberalism have failed.
0:12.8	They've failed as economic philosophies.
0:15.6	Everything they say that will happen doesn't happen.
0:18.4	But we have to do better than that.
0:19.6	We have to offer solutions for the future.
0:22.6	And luckily, we had the opportunity
0:24.4	to sit down with Derek Hamilton from the Roosevelt
0:27.2	Institute to talk about the kind of future we can build,
0:30.2	the kind of economy we can build that'll actually work for everyone if we got the
0:34.4	chance to rewrite the rules.
0:37.8	I am Derek Hamilton, the executive director of the Kerwan Institute for the Study of Race and Ethnicity
0:45.9	at Ohio State University, and a professor in the Glen College of Public Affairs with courtesy appointments in both economics and sociology and arts and
0:56.2	sciences at Ohio State University.
0:58.4	I want to get right into it because you've been part of this really interesting set of research around
1:05.9	rewriting the rules and so on and so forth.
1:08.4	Correct.
1:08.8	Yeah, with the Roosevelt Institute.
1:11.3	Tell us a little about that.
1:12.8	The project is inspired by the trajectory
1:18.4	we've had over the last 50 years of a consolidation
1:22.3	of both economic and political power amongst the elite and the corporate sector and that
	...

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