Do regulations kill growth? (with Robert Reich)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 5 February 2019

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

Deregulation for the powerful is a central tenet of the trickle-down myth, embraced by Democrats and Republican alike. Government regulations, we’re told, are costly and inefficient intrusions that slow grow and kill jobs. But Robert Reich explains that when thoughtfully applied, regulations are absolutely essential to growing a safe, secure, and broadly prosperous economy. Robert Reich: Chancellor’s Professor of Public Policy at UC Berkeley and Senior Fellow at the Blum Center for Developing Economies. Served as Secretary of Labor in the Clinton administration. Author of fifteen books, including ‘The Common Good’. Co-creator of the documentaries ‘Inequality for All’ and ‘Saving Capitalism’. Twitter: @RBReich Facebook: Robert Reich Further reading: Robert B. Reich: How Trump's war on regulation is trickle-down economics

Transcript

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0:00.0	There is nothing big corporations and rich people like more than not being
0:08.4	constrained by anybody. Average Americans are going to be doing worse off and are doing worse off because all of these protections
0:16.6	that they have relied on are no longer in place.
0:19.9	We've eliminated record numbers of job killing regulations.
0:25.0	Nothing is trickling down except the risks and the burdens and the costs and the future risks.
0:32.0	Not every business person is dishonest, but in any industry
0:36.2	if the worst most dishonest actors are not called to account, they drag the entire industry down with them.
0:45.0	From the offices of Civic Ventures in downtown Seattle, this is Pitch Fork Economics, with Nick Hanauer,
0:57.0	a pointed conversation about who gets what and why, with one of America's most provocative capitalists.
1:04.0	I'm Nick Hanauer, founder of Civic Ventures.
1:10.0	Hi, my name is Paul Constance. I'm Nick Hanauer, founder of Civic Ventures.
1:13.0	Hi, my name is Paul Constant.
1:15.0	I'm a writer at Civic Ventures.
1:17.0	In the last episode, we talked at length
1:20.0	about the first pillar of trickle-down economics, which is that tax cuts for rich people
1:26.0	and corporations will eventually trickle down to everyone else in the form of job creation.
1:32.1	That is not true, and today we're going to tackle the second
1:36.2	pillar of trickle-down economics which is that deregulations for corporations and the powerful is good for everyone.
1:45.0	That is also not true.
1:47.0	Yeah, there is nothing big corporations and rich people like more than not being
1:58.8	constrained by anybody. And you know one of the things that is so funny about life is no one
2:08.1	wants to be held to a high standard but everyone wants everyone else held to a high standard.
	...

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