Middle Out to Mainstream

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 12 March 2024

⏱️ 56 minutes

🔗️ Recording | iTunes | RSS

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Summary

Eleven years ago, Democracy Journal released a special issue on "The Middle Out Moment" that explored the implications of what was then the brand-new theory of middle-out economics. The moment may not have fully arrived back in 2013, but no doubt it's here now. So this week, Democracy Journal is publishing a follow-up edition called "The Middle Out Moment Part Two," marking the fact that what was once a new idea has now gone mainstream. In this episode, we'll hear from several of the economists, researchers, and former administration officials who contributed to the special issue as they explore how middle-out economics has been put into practice — and discuss the work that lies ahead as middle-out economics becomes the new mainstream. Guests include: Felicia Wong, Bharat Ramamurti, Tara McGuinness, Sandeep Vaheesan, Todd Tucker, Ronnie Chatterji, Neale Mahoney, and Heidi Shierholz Read the piece: https://democracyjournal.org Twitter: Michael Tomasky - @mtomasky Felicia Wong - @FeliciaWongRI Bharat Ramamurti - @BharatRamamurti Tara McGuinness - @taradmcguinness Sandeep Vaheesan - @sandeepvaheesan Todd Tucker - @toddntucker Ronnie Chatterji - @RonnieChatterji Neale Mahoney - @nealemahoney Heidi Shierholz - @hshierholz Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.
0:10.0	It's time to build our economy from the bottom up and from the middle out, not the top down.
0:15.5	Middle out economics is the answer.
0:17.8	Because Wall Street didn't build this country.
0:20.1	Great middle class built this country.
0:22.2	The more the middle class thrives, the better the economy from the middle out.
0:42.0	Welcome to the show.
0:44.0	Hey,
0:50.0	Pitch Fork listeners, Goldie here.
0:52.0	If you've listened for a long time, you know we talk a lot about middle out economics. That's our thing.
1:00.0	And so we're really excited to have coming up, I think actually released today a whole issue of Democracy Journal dedicated to the middle out moment and here to talk with me a little bit about
1:16.4	what's in the issue is the journal's editor, Michael Tumaski.
1:21.6	Michael welcome.
1:22.8	Thanks, Goldie. Great to be with you.
1:24.4	Yeah, so I know at least two of the authors in this issue.
1:29.4	Nick and I have a piece.
1:30.9	That's right.
1:31.6	Give me a little background on the inspiration for this issue and what's in it?
1:35.7	This goes back a ways but I'll try to do it fast. Nick as you know Nick Hanauer and Eric Lou
1:46.2	started writing about middle out economics and coined the phrase back in 2011, 2012.
1:51.0	They discussed it with me and some other people too and I immediately thought okay this is this is where we need to go here
2:01.9	Economically in this country. This is an alternate theory of growth to, you know, supply
	...

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