149 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

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.

    The case for a True New Deal (with Bharat Ramamurti)

    The case for a True New Deal (with Bharat Ramamurti)

    In a recent report, The Roosevelt Institute called for a new set of policies to mitigate the economic suffering caused by the pandemic. Taken all together, these policies are as sweeping as the New Deal was—but unlike the New Deal, they’re truly representative of America’s race, class, and gender diversity. Attorney Bharat Ramamurti, the incoming Deputy Director of the Biden administration’s National Economic Council and a co-author of the report, joins Nick and Goldy to make the case for a True New Deal. 

    Bharat Ramamurti is the incoming Deputy Director of the National Economic Council. At the time of our interview, he was the managing director of the Corporate Power Program at the Roosevelt Institute and a member of the COVID-19 Congressional Oversight Commission. He was previously an economic advisor to Senator Elizabeth Warren. 

    Twitter: @BharatRamamurti

    Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics 

    A True New Deal: https://rooseveltinstitute.org/publications/true-new-deal-for-the-covid-19-era/ 

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

    • 35 min
    How banking deregulation makes you unsafe (with Anat Admati)

    How banking deregulation makes you unsafe (with Anat Admati)

    No matter what some politicians may claim, there’s actually no such thing as ‘less regulation’ — there are only regulations that favor the powerful, and those that don’t. Stanford economist Anat Admati walks us through the deregulation of the banking industry and explains how she would overhaul financial regulations to make them work well for society, not just for the rich and powerful.
     
    Anat Admati is the George G.C. Parker Professor of Finance and Economics at Stanford University Graduate School of Business, a director of the Corporations and Society Initiative, and a senior fellow at Stanford Institute for Economic Policy Research. She has written extensively on information dissemination in financial markets, portfolio management, financial  contracting, corporate governance, and banking. She is the co-author of ‘The Bankers’ New Clothes: What’s Wrong with Banking and What to Do About It’. 

    Twitter: @anatadmati 

    Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics 

    Making financial regulation work for society: https://www.ineteconomics.org/events/finance-society/agenda/making-financial-regulation-work-a-conversation-with-anat-admati-and-brooksley-born  

    When she talks, banks shudder: https://www.nytimes.com/2014/08/10/business/when-she-talks-banks-shudder.html 

    Financial crises, corporate scandals and blind spots: who is responsible? https://blogs.lse.ac.uk/businessreview/2018/01/25/financial-crises-corporate-scandals-and-blind-spots-who-is-responsible/

    The Bankers’ New Clothes: http://bankersnewclothes.com/ 

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

    • 38 min
    Tax me more, I’m rich (with Abigail Disney and Chye-Ching Huang)

    Tax me more, I’m rich (with Abigail Disney and Chye-Ching Huang)

    Trickle-down economics would have you believe that the rich are job creators. For decades we’ve been told that the more money the wealthy have to invest in creating jobs, the better the economy will be for everybody. This lie has had catastrophic effects: the top 0.1% of Americans now own more wealth than the bottom 90% of Americans combined. As debates rage among our leaders over stimulus bills and Americans battle their way through this economic crisis, the case for taxing the wealthy has never been as strong as it is now—so this week we’re re-surfacing this episode, originally published in 2019. Class traitor Abigail Disney and tax expert Chye-Ching Huang make the case for taxing the rich. 

    And we highly recommend Abigail Disney’s podcast, All Ears: https://www.forkfilms.com/all-ears/ 

    Abigail Disney is a documentary filmmaker, philanthropist, and social activist. She is the granddaughter of Roy Disney, the co-founder of the Walt Disney Company.

    Twitter: @abigaildisney

    Chye-Ching Huang is the Director of Federal Fiscal Policy at the Center on Budget Policy Priorities, where she focuses on the fiscal and economic effects of federal tax and budget policy. She rejoined the Center in 2011 after working as a Senior Lecturer at the University of Auckland, where she taught tax law and conducted research in tax law and policy. 

    Twitter: @dashching 
    @CenteronBudget

    Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics 

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

    • 55 min
    Why should we cancel student debt? (with Fenaba Addo)

    Why should we cancel student debt? (with Fenaba Addo)

    The CARES Act delayed student loan payments as a form of stimulus, raising an important question: if forgiving student loan debt is good policy and broadly popular with Americans, should we just cancel student debt altogether? University of Wisconsin Madison Associate Professor Fenaba Addo, who researches debt and wealth inequality, helps us explore the merits and shortcomings of student debt cancellation. 

    Fenaba Addo is the Lorna Jorgensen Wendt Associate Professor of Money, Relationships, and Equality at the University of Wisconsin Madison. Her research examines the role of debt and increasing wealth inequality over the past forty years within communities of color and among economically vulnerable populations in the U.S.

    Twitter: @FenabaAddo

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    Six stupid arguments against forgiving student loan debt: https://prospect.org/day-one-agenda/six-stupid-arguments-against-forgiving-student-loan-debt/ 

    The Racialization of the Student Debt Crisis: http://1xfsu31b52d33idlp13twtos-wpengine.netdna-ssl.com/wp-content/uploads/2020/11/Student-Debt_essay_individual.pdf

    I paid off all my student loans. I still support student loan forgiveness: https://www.vox.com/platform/amp/first-person/2019/5/2/18527036/biden-millennials-cancel-student-debt-forgiveness 

    Forgiving student debt would boost economy, economists say: https://www.npr.org/2019/11/25/782070151/forgiving-student-debt-would-boost-economy

    Writing off student debt is one way biden can build black wealth: https://www.bloomberg.com/news/articles/2020-11-12/writing-off-student-debt-is-one-way-biden-can-build-black-wealth

    Student debt is hitting African Americans the hardest. These experts have a plan to fix it: https://www.washingtonpost.com/local/education/student-debt-is-hitting-african-americans-the-hardest-these-experts-have-a-plan-to-fix-it/2019/09/20/5f786e48-d0fb-11e9-b29b-a528dc82154a_story.html

    Constrained after College: Student Loans and Early Career Occupational Choices: https://www.nber.org/papers/w13117 

    Is student debt cancellation regressive? No. https://www.currentaffairs.org/2019/06/is-student-debt-cancellation-regressive-no 

    Who owes all that student debt? And who’d benefit if it were forgiven? https://www.brookings.edu/policy2020/votervital/who-owes-all-that-student-debt-and-whod-benefit-if-it-were-forgiven/

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

    • 35 min
    Why conventional wisdom is finally pushing for higher wages (with Binyamin Appelbaum)

    Why conventional wisdom is finally pushing for higher wages (with Binyamin Appelbaum)

    Six years after the beginning of the Fight for $15 movement, conventional wisdom is finally waking up to economic reality. How do we know? Because the New York Times recently published an editorial titled ‘Let’s Talk About Higher Wages’ calling on the incoming Biden administration to focus on higher wages for everyone. They couldn’t be more right on. Binyamin Appelbaum, the lead writer on business and economics for the Editorial Board, helps us understand the change in consensus on wages.

    Binyamin Appelbaum is the lead writer on business and economics for the Editorial Board of The New York Times. From 2010 to 2019, he was a Washington correspondent for the Times, covering economic policy. His book, ‘The Economists’ Hour: False Prophets, Free Markets, and the Fracture of Society’ is a Wall Street Journal Business Bestseller. 

    Twitter: @BCAppelbaum

    Nick on Marketplace: https://www.marketplace.org/2020/12/08/new-rand-study-quantifies-cost-of-rising-us-inequality/

    Binyamin has been a guest on our show before! Here’s our episode with him and George Monbiot, ‘How neoliberalism happened’, from October 2019: https://pitchforkeconomics.com/episode/how-neoliberalism-happened-with-george-monbiot-and-binyamin-appelbaum/

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    Further reading/listening: 
    Let’s talk about higher wages: https://www.nytimes.com/2020/11/28/opinion/wages-economic-growth.html 

    Do higher wages kill jobs? (with Mayor Eric Garcetti and Alan Krueger): https://pitchforkeconomics.com/episode/do-higher-wages-kill-jobs/ 

    The top 1% of Americans have taken $50 trillion from the bottom 90% - and that’s made the U.S. less secure: https://time.com/5888024/50-trillion-income-inequality-america/ 

    And as promised by Annie and Ashley, you can find the last 100+ years of New York Times Editorial Board pieces on the minimum wage here: https://pitchforkeconomics.com/episode/why-conventional-wisdom-is-finally-pushing-for-higher-wages-with-binyamin-appelbaum

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

    • 39 min
    Author Interview: Competition is Killing Us (with Michelle Meagher)

    Author Interview: Competition is Killing Us (with Michelle Meagher)

    Neoliberal economics says free trade is always good, and its followers try to lower trade barriers without discretion. Freedom is an essential ingredient for successful international trade—but that doesn’t mean all trade should be unregulated. Competition law expert Michelle Meagher joins Goldy to debunk common competition myths and talk about strategies to hold powerful monopolies accountable. 

    Michelle Meagher is a Senior Policy Fellow at the University College London Centre for Law, Economics, and Society, and co-founder of the Inclusive Competition Forum, a think tank focused on democratizing corporate power and the enforcement of competition law. 

    Twitter: @MichMeagher

    Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics 

    Competition is Killing Us: https://uk.bookshop.org/books/competition-is-killing-us-how-big-business-is-harming-our-society-and-planet-and-what-to-do-about-it/9780241423011 

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

    • 29 min

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