Nick Hanauer, Joseph Sitglitz videos.
This is the latest presentation Nick Hanauer has made regarding the upside downness of our economy and the backward, selfish thinking that has gotten us here. In this one he is talking to his “plutocrat” friends:
We plutocrats need to see that the United States of America made us not the other way around. That a thriving middle class is the source of prosperity in capitalist economies, not a consequence of it. And we should never forget, that even the best of us, in worst of circumstances are barefoot by the side of a dirt road selling fruit.
He takes on economics and how it is used today by plutocrats to reinforce their positions:
…for thousands of years, these stories were called divine right. Today, we have trickle down economics. How obviously, transparently self-serving all of this is.
Then comes Joseph Stiglitz talking about the cause and fix for income inequality. This is based on his latest book. He lays the cause to the “supply side” economics and thus the results of politics and policy. It was a “disaster”.
The financial sector in recent years has been more active in taking money out of corporations than putting money into the corporations. The flow is going the other way.
It is nice to hear someone talking about the solution in a comprehensive way. A way that reflects understanding society and its economy in the same manor we have come to understand the environment.
Wouldn’t you just love to see them together on one of the Sunday morning shows around at table with say Senator Warren and Sanders and on the other side the Koch brothers and say Paul Ryan, McConnell and Boehner? Maybe a Chicago School boy or girl? Let’s throw in Jack Lew or who ever is the latest to hold that position. How about someone from labor and the US Chamber to balance it out? Better yet, how about simply a table of Nick, Joe, Warren, Sanders, Labor and Robert Reich maybe also Paul Krugman. Forget the fair and balance act.