245 episodes

Any society that allows itself to become radically unequal eventually collapses into an uprising or a police state—or both. Join venture capitalist Nick Hanauer and some of the world’s leading economic and political thinkers in an exploration of who gets what and why. Turns out, everything you learned about economics is wrong. And if we don’t do something about rising inequality, the pitchforks are coming.

Pitchfork Economics with Nick Hanauer Civic Ventures

    • Government
    • 4.8 • 79 Ratings

Any society that allows itself to become radically unequal eventually collapses into an uprising or a police state—or both. Join venture capitalist Nick Hanauer and some of the world’s leading economic and political thinkers in an exploration of who gets what and why. Turns out, everything you learned about economics is wrong. And if we don’t do something about rising inequality, the pitchforks are coming.

    How student loan forgiveness rebuilds the economy from the middle out (with Marshall Steinbaum)

    How student loan forgiveness rebuilds the economy from the middle out (with Marshall Steinbaum)

    President Biden recently announced his plan for student loan forgiveness. It’s a policy that helps build the economy from the middle out by erasing some of the 1.7 trillion dollars in debt that’s holding Americans back. Economist Marshall Steinbaum, who has spent most of his career researching student debt, explains why this forgiveness plan is a great start—and why Biden can, and should, do more.

    Marshall Steinbaum is an Assistant Professor of Economics at the University of Utah and a Senior Fellow in Higher Education Finance at Jain Family Institute.

    Twitter: @Econ_Marshall

    The Student Debt Crisis is a Crisis of Non-Repayment
    https://www.phenomenalworld.org/analysis/crisis-of-non-repayment

    A Middle-Out Education https://civicventures.substack.com/p/a-middle-out-education 

    Website: http://pitchforkeconomics.com/
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 54 min
    Measuring long Covid's impact on the labor market (with Katie Bach)

    Measuring long Covid's impact on the labor market (with Katie Bach)

    Millions of Americans are being kept out of the workforce due to the lingering effects of Covid, resulting in billions of dollars in lost wages and productivity. How is this affecting our economy? Returning guest Katie Bach shares the findings from her new report which outlines just how severe the labor market effects of long Covid have become.

    Kathryn Bach is a Nonresident Senior Fellow at the Brookings Institute and the CBO of &pizza.

    Twitter: @kathrynsbach

    New data shows long Covid is keeping as many as 4 million people out of work https://www.brookings.edu/research/new-data-shows-long-covid-is-keeping-as-many-as-4-million-people-out-of-work

    Website: http://pitchforkeconomics.com/
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 29 min
    We need to fix overtime pay in America (with Marcus Baram)

    We need to fix overtime pay in America (with Marcus Baram)

    If you're a salaried worker, chances are you're no longer eligible for the overtime pay that you would have received 40 years ago. A robust federal overtime standard used to serve as a kind of minimum wage for the middle class, providing both a valuable source of extra income and a shield of protection for the 40-hour workweek. When he interviewed workers around the country, Journalist Marcus Baram learned firsthand why we must raise the overtime threshold and restore overtime protections for American workers. 

    Marcus Baram is a journalist and author who has written for The New Yorker, The WSJ, Capital & Main, and more

    Twitter: @mbaram

    (Full disclosure: Civic Ventures is a partial funder of Capital & Main's inequality reporting project.)

    Who Killed Overtime Pay? https://capitalandmain.com/latest-news/the-50-100-pay-gap/who-killed-overtime-pay-the-50-100-pay-gap 

    America Gave Up on Overtime https://time.com/6168310/overtime-pay-history

    Website: http://pitchforkeconomics.com
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 40 min
    How the Inflation Reduction Act benefits the middle class (with Rose Khattar)

    How the Inflation Reduction Act benefits the middle class (with Rose Khattar)

    The Inflation Reduction Act may be smaller than the original Build Back Better plan, but it still represents a huge leap forward in middle-out economic thinking. The IRA addresses out-of-control healthcare costs, it helps build a fairer tax code, and it combats the climate crisis. It’s a huge win for the Biden administration and, more importantly, for the middle class. Economist Rose Khattar breaks down the many benefits of the IRA on our first episode back from summer break.

    Rose Khattar is the Associate Director of Economic Analysis at the Center for American Progress. 

    Twitter: @rose_khattar

    Top 11 Benefits of the Inflation Reduction Act
    https://www.americanprogress.org/article/top-11-benefits-of-the-inflation-reduction-act

    I Helped Coin the Phrase “Middle-Out Economics”, Biden is Making It a Reality https://newrepublic.com/article/167506/biden-middle-out-economics 

    How the Inflation Reduction Act could help normal Americans fight rising costs https://www.businessinsider.com/democratic-budget-bill-inflation-reduction-act-could-fight-intrest-rates-2022-8

    Website: http://pitchforkeconomics.com/
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 34 min
    The limits of the market (with Joseph Stiglitz)

    The limits of the market (with Joseph Stiglitz)

    One of the central theories of classical economics is that markets respond quickly and efficiently to changes in demand. But the supply chain disruptions that left store shelves empty for much of the pandemic demonstrate that the markets aren’t the efficient adapters that classic economists believe them to be. Nobel laureate economist Joseph Stiglitz explains why the tendency to believe in the market is one of the most deeply rooted trickle-down myths, and why government intervention is the best way to respond to economic downturns.

    This episode was originally released in May 2020.

    Joseph Stiglitz is a Nobel laureate economist and a professor at Columbia University. He is also the co-chair of the High-Level Expert Group on the Measurement of Economic Performance and Social Progress at the OECD, and the Chief Economist of the Roosevelt Institute.

    Twitter: @JosephEStiglitz

    People, Power, and Profits: Progressive Capitalism for an Age of Discontent: https://www.indiebound.org/book/9781324004219

    Four Priorities for Pandemic Relief Efforts: https://rooseveltinstitute.org/four-priorities-for-covid19-pandemic-relief-efforts/

    Why Our Affluent Society Is Facing Shortages in the Face of the Coronavirus Pandemic: https://time.com/5811505/affluent-society-shortages-coronavirus-pandemic

    Deficit Lessons for the Pandemic From the 2008 Crisis: https://prospect.org/economy/deficit-lessons-pandemic-2008-crisis/

    How the Economy Will Look After the Coronavirus Pandemic: https://foreignpolicy.com/2020/04/15/how-the-economy-will-look-after-the-coronavirus-pandemic/

    Top economist: US coronavirus response is like ‘third world’ country: https://www.theguardian.com/business/2020/apr/22/top-economist-us-coronavirus-response-like-third-world-country-joseph-stiglitz-donald-trump

    Website: https://pitchforkeconomics.com 
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 41 min
    Why essential work is essentially forced labor (with Suresh Naidu)

    Why essential work is essentially forced labor (with Suresh Naidu)

    What became known as “essential work” during the pandemic was really just forced labor, according to labor market economist Suresh Naidu. He shares employers' secret tricks for manipulating the labor market and explains how powerless most workers have become as a result.

    This episode was originally released in September 2020.

    Suresh Naidu is a professor of economics and international and public affairs at Columbia University as well as a fellow at the Roosevelt Institute, external faculty at the Santa Fe Institute, and a research fellow at the National Bureau of Economic Research.

    Twitter: @snaidunl

    ‘Essential’ workers are just forced laborers: https://www.washingtonpost.com/outlook/2020/05/21/essential-workers-pay-wages-safety-unemployment 

    Website: https://pitchforkeconomics.com 
    Twitter: @PitchforkEcon
    Instagram: @pitchforkeconomics
    Nick’s twitter: @NickHanauer

    • 30 min

Customer Reviews

4.8 out of 5
79 Ratings

79 Ratings

newozzie13 ,

Worth your time

It’s a great listen. One of the best podcasts because you will learn as a listener and grow as a person.

Cyberdeaz ,

Great podcast

Having gone to business school at the turn of the century, I learned the typical neoclassical economic view and, sadly, believed it for a short while until experience in the real world showed how wrong it was. The Pitchfork crew’s belief that narrative is key and that progressive policies can win on growth and facts and not just moral arguments is so important at this point in history and can fuel the necessary pushback against the “well it’s just basic economics” lie that neoliberalism has used to sell its worst excesses. For anyone who wants to be able to vote based on economic issues and do so in an informed fashion, this podcast is a must listen as they have amazing experts from all fields come to break down complex issues in a way that makes them understandable to anybody, even if they don’t have a background in economics (or even if they have a background in neoclassical economics…).

BMC59 ,

Pitchforking Truth

I’ve been following Nick Hanauer since his abortive TED Talk from 2011, where the cognitive dissonance beats he was dealing were just too scary for the typical TED attendees. Since then, feeling like this topic was always going to rise into the zeitgeist’s top ten issues contributing to the demise of our current status quo. Debunking the Chicago School’s messages, at least as that message has been used by the global elite’s PR teams to justify growing inequality, it now seems more a question of WHEN the economy as it is structured melts down, not if. Given today’s temperature of 39°C as I write this, all of the various threads of anti-rationale acquisition ideologies, it feels like the clock is ticking.

You Might Also Like

UNFTR Media
BestOfTheLeft.com
The Intercept
Vox
Vox
Ralph Nader Radio Hour