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Pitchfork Economics with Nick Hanauer

The Story That Built Today’s Economy (with George Monbiot and Binyamin Appelbaum)

Pitchfork Economics with Nick Hanauer

Civic Ventures

News, Business, Government, Politics

4.71.5K Ratings

🗓️ 6 January 2026

⏱️ 61 minutes

🧾️ Download transcript

Summary

Most people buy the fiction that markets are “natural,” inequality is inevitable, and government should step aside — but where did that idea come from? In this episode from 2019, Nick and Goldy talk with English journalist George Monbiot and American journalist and author Binyamin Appelbaum about how neoliberalism was deliberately built and sold — not stumbled into. They unpack how economists, funders, and institutions rewrote the rules to favor markets over people, shifted political norms, and made extreme inequality seem inevitable — and what that history means for reclaiming an economy that works for everyone. George Monbiot is an English journalist, author, and political/environmental activist. He writes a regular column for The Guardian and has published several books on politics, ecology, and society. He’s known for critiquing corporate power, neoliberal economics, and environmental degradation.  Binyamin Appelbaum is an American journalist and author. He is a lead writer on business and economics for The New York Times editorial board. He previously covered the Federal Reserve and economic policy for the Times and has written widely on how markets and policy shape society. Social Media: georgemonbiot.bsky.social bcappelbaum.bsky.social @BCAppelbaum Further Reading:  The Economists' Hour: False Prophets, Free Markets, and the Fracture of Society Website: http://pitchforkeconomics.com Facebook: Pitchfork Economics Podcast Bluesky: @pitchforkeconomics.bsky.social Instagram: @pitchforkeconomics Threads: pitchforkeconomics TikTok: @pitchfork_econ YouTube: @pitchforkeconomics LinkedIn: Pitchfork Economics Twitter: @PitchforkEcon, @NickHanauer Substack: ⁠The Pitch⁠

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.

0:10.6

The last five decades of trickle-down economics haven't worked.

0:14.7

But what's the alternative?

0:16.3

Middle-out economics is the answer.

0:18.6

Because the middle class is the source of growth, not its consequence.

0:23.2

That's right.

0:28.7

This is pitchfork economics with Nick Hanauer, a podcast about how to build the economy from the middle out.

0:36.9

Welcome to the show.

0:44.1

Hey, Pitchfork listeners. I'm Freddie, producer at Pitchfork Economics. If you opened your

0:49.1

podcast app expecting a new episode today, don't worry. You didn't miss one. As we kick off a new year,

0:55.0

I wanted to take a moment to talk directly to the people who make this show possible.

0:59.0

You.

1:00.0

Pitchfork Economics exists for a simple reason. For decades, we've been told a story about the economy,

1:07.0

that if we just cut taxes for the wealthy, deregulate markets, and get out of the way,

1:11.4

prosperity will magically trickle down. And time and again, that story has failed working people.

1:17.0

This podcast is our attempt to tell a more honest story about how the economy actually works

1:22.0

and how it could work better. One that censors workers, families, and communities instead of abstract models and

1:28.6

corporate talking points.

1:30.2

And quick side note, the reason we can do that without ad breaks, sponsored segments, or

1:34.9

someone trying to sell you a mattress halfway through a conversation about inequality, is

1:38.8

because of the incredible following this show has developed.

1:42.1

Pitchfork Economics is proudly ad-free, and that's very much by design. If that resonates with you, or if this show has developed. Pitchfork Economics is proudly ad-free, and that's very much

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