The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.

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

But what's the alternative?

Middle-out economics is the answer.

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

That's right.

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

Welcome to the show.

We're recording this podcast, Nick, on June 18th,

which is just a few days after the big No kings rallies nationwide.

And I don't know what it was like in other cities,

but here in Seattle, it was very much themed

in opposition to the deportations

and the fascist use of ice in rounding up people. The rally very successful.

We had about 70,000, one of the largest political rallies in Seattle history. And we're known

to have had a few, much bigger actually than WTO for which were infamous.

But it was organized a lot by One America, which was Pramilla, the organization that the immigrant

rights organization that Pramila Gialpaul founded.

Pramilla gave a great speech at the start.

And throughout it, you could see it was very much a reaction to

the deportations of the Trump regime, which certainly in the months leading up to last year's

election and certainly since has been partially billed as an economic issue that somehow

...