4.8 • 1.5K Ratings
🗓️ 1 November 2022
⏱️ 52 minutes
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0:00.0 | We call power the dark matter of economics. It's the most important thing. |
0:06.0 | The failing of not factoring in power is that it doesn't address the way that monopolies are much harder to stop than they are to prevent. |
0:16.0 | It shouldn't be that everybody's forced to choose big tech or big content because no matter which giant you choose, |
0:21.0 | you're going to be settling for the crumbs from their table. |
0:24.0 | Is there a lesson to be learned here? Yeah, power corrupts and absolute power corrupts, absolutely. |
0:31.0 | From the home offices of civic ventures in downtown Seattle, this is pitchfork economics, with Nick Hanauer, |
0:39.0 | the best place to get the truth about who gets what and why. |
0:49.0 | I'm Nick Hanauer, founder of Civic Ventures. |
0:52.0 | I'm David Goldstein, senior fellow at Civic Ventures. |
1:01.0 | A lot of our listeners are familiar with your origin story, Nick. |
1:07.0 | But I want to take a few minutes to talk about mine. If that's okay with you, it is Honky Dory Goldstein. |
1:14.0 | Okay, so folks here in Washington state may know me a bit as a valid initiative crackpot, |
1:23.0 | who became a Falmouth political blogger, which got him a talk radio show, |
1:30.0 | which eventually got me a job at the stranger, where I was eventually fired for writing to honestly |
1:38.0 | about Uber and the $15 minimum wage, which brought me to you. |
1:43.0 | But actually, Nick, we have something in common in that earlier on in my life, I was an entrepreneur. |
1:51.0 | That's right. |
1:52.0 | I was the creator, the developer, the editor of the programmer of the world's first rhyming dictionary software, |
2:01.0 | which I originally created for my own use, but I decided to have it published. |
2:06.0 | It was such a useful tool. |
2:09.0 | After about a year and a half, a failing to find a publisher who was interested in something that may only sell, |
2:16.0 | you know, a few tens of thousands of units a month at most, which wasn't good enough for them. |
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