There’s no herd immunity to greed (with Thomas Friedman)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 7 July 2020

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Our global system is fragile because we made decisions that made it that way. Where did we go wrong? This week, New York Times columnist Thomas Friedman joins Nick and Goldy to suggest that greed and unfettered globalization are to blame for our vulnerable system, and to discuss what we need to do to get back on track. Thomas Friedman is a New York Times columnist, the author of six bestselling books, and a three-time Pulitzer Prize winner. Twitter: @tomfriedman Further reading: How We Broke the World: https://www.nytimes.com/2020/05/30/opinion/sunday/coronavirus-globalization.html America, We Break It, It’s Gone: https://www.nytimes.com/2020/06/02/opinion/trump-george-floyd-america.html Let’s Change Our Motto to ‘Out of Many, We’: https://www.nytimes.com/2020/06/09/opinion/trump-united-states.html Website: http://pitchforkeconomics.com/ Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	I think it's the way in which we approached globalization in many ways that was problematic.
0:06.4	I mean we optimized it not for the benefit of people generally, but for the bank accounts of a few multinational corporations
0:15.3	particularly. The market can be a huge and powerful force. It's not as big as
0:19.8	Mother Nature, but Father Greed can't really rival her.
0:23.2	I'm afraid we'll go down.
0:24.4	It's not the greatest generation, but the greediest generation.
0:27.4	From the offices of Civic Ventures in downtown Seattle, this is Pitch Fork Economics,
0:38.0	with Nick Hanauer.
0:40.0	One American capitalist's desperate attempt to save us from ourselves.
0:43.2	I'm Nick Hanauer, founder of Civic Ventures.
0:51.2	I'm David Goldstein, Senior Fellow at Civic Ventures.
0:57.0	Today on Pitch Fork Economics we get to talk to a super interesting person.
1:04.2	The writer and commentator, Thomas Friedman,
1:08.4	about the fragility of society today and the way in which sort of greed in globalization has
1:17.6	created that fragility.
1:19.3	Yeah, and that fits in well, Nick, with a lot of what we've been writing and talking and thinking about over the past couple years, which is how the past few decades of neoliberal policy and drastically rising inequality has made
1:37.0	not just our economy more fragile
1:40.0	and our and American families more, but our democracy more fragile.
1:45.0	And Tom has been in dialogue a lot with Eric Reinhocker at the Institute for New Economic Thinking
1:53.7	around New Economic Ideas.
1:55.4	And Tom and Eric and I had a really super fun chat
2:00.0	a few weeks ago and out of that chat came a piece that he wrote called how we broke the world
	...

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