Why do we call it pitchfork economics? (with Ganesh Sitaraman and Walter Scheidel)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 11 December 2018

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

In 2014, venture capitalist Nick Hanauer warned his fellow plutocrats that our growing crisis of economic inequality would lead to an uprising or a dictatorship. Two years later, angry voters elected Donald Trump. In this inaugural episode of Pitchfork Economics, we explore why the pitchforks are coming, who they’re coming for, and how the stories we tell about the economy can change the economy itself. ShownotesThe Pitchforks Are Coming… For Us Plutocrats: https://www.politico.com/magazine/story/2014/06/the-pitchforks-are-coming-for-us-plutocrats-108014 Twitter: @nickhanauer Facebook: @CivicSkunkWorks @NickHanauer Medium: https://civicskunk.works/ Ganesh Sitaraman: Professor of Law at Vanderbilt Law School and Senior Fellow at the Center for American Progress. Co-founder and Director of Policy for the Great Democracy Initiative. Policy Director to Elizabeth Warren, 2011-2013. Author of The Crisis of the Middle Class Constitution: Law in the Age of Small Wars, named one of the New York Times’ 100 notable books of 2017. Twitter: @ganeshsitaraman Walter Scheidel: Historian at Stanford. The most frequently cited active-duty Roman historian adjusted for age in the Western Hemisphere, Scheidel is the author or (co-)editor of 20 books, including The Great Leveler: Violence and the History of Inequality. Twitter: @walterscheidel

Transcript

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0:00.0	What? We are a people, we are united.
0:04.0	This occupation is not eager.
0:07.0	It's not eager.
0:08.0	It's not eager.
0:10.0	People are angry and they have a right to be angry because they have been
0:15.6	taken advantage of for 40 years.
0:17.4	The thousands took to the streets in Milan in a protest over the level of illegal
0:21.2	immigration into Italy.
0:22.8	Now what we do with that anger, how we express it, what change we enact to remedy it,
0:29.6	that's the question.
0:30.6	The Occupy Wall Street protest entered its third week today.
0:34.4	What started as less than a dozen college students is now hundreds of protesters.
0:38.4	If you don't get economics right, the pitchks come out.
0:50.0	From the offices of Civic Ventures in downtown Seattle, this is Pitch Fork Economics with Nick Hanauer, a pointed conversation about who gets what and why,
0:56.7	with one of America's most provocative capitalists.
1:00.0	We'll think all the rich are quietly breeding a sigh of relief, their taxes might not be going
1:06.8	up next year after all, meet one millionaire who is signed because he wants them to go up.
1:11.6	He has founded or financed or sold dozens of companies making billions of dollars
1:16.6	and now he says only the wealthy can really cure the US of its inequality
1:21.9	and economic anxiety.
1:23.3	Seattle-based entrepreneur and venture capitalist.
1:25.9	Now he is known as the godfather of raising the minimum wage.
	...

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