[P2P-F] Fwd: A new economics
Michel Bauwens
michelsub2004 at gmail.com
Mon Sep 30 03:24:42 CEST 2019
---------- Forwarded message ---------
From: Nick Hanauer <info at civicaction.com>
Date: Fri, Sep 13, 2019, 3:29 PM
Subject: A new economics
To: Jeffrey Sterling <jeffreygsterling at gmail.com>
Rich capitalists like me have never been richer.
[image: Civic Action]
Rich capitalists like me have never been richer.
It’s not because we’re smarter or working harder. So why do .01%-ers like
me consume an ever-increasing share of the economic pie?
It comes down to one thing: the system is rigged for big corporations and
plutocrats and against the average person. And at the heart of this rigged
system is neoliberal economic policies.
But our economy doesn’t have to work this way: We can and must form a new
economics and design a new system.
I recently gave a TED talk tearing down neoliberal economics and
trickle-down policies – and offered up my new vision for a more
cooperative, moralistic economics:
*Watch my new TED talk to learn about why neoliberalism is sociopathic –
and why we need to create a new economics of cooperation:*
<http://go.civicaction.com/page/m/46025914/3748c8c3/3f534dd6/11ea042d/437957088/VEsH/?g=9M1QaVH8x8Vcy9aMuhNDe_A>
<http://go.civicaction.com/page/m/46025914/3748c8c3/3f534dd6/11ea042d/437957088/VEsE/?g=9M1QaVH8x8Vcy9aMuhNDe_A>
*Nick Hanauer speaks at TEDSummit: A Community Beyond Borders. July 21-25,
2019, Edinburgh, Scotland. Photo: Ryan Lash / TED*
Over the last decade, the 1% have gotten $21 trillion richer while the
bottom 50% have gotten $900 billion poorer. It’s not by accident – decades
of backward economic theory have just gotten it wrong.
We’ve been taught greed is good, inequality is essential, and that
shareholders are the only thing that matter. But neoliberal ideas are just
a protection racket for the rich – and it’s time we create a new economics
– one that researchers and scientists are just starting to formulate.
Neoliberal economic dogma has been shattered by policies this progressive
community helped make a reality. We fought for a $15/hr minimum wage,
fought to restore worker protections, and helped institute family leave –
all of which trickle-downers said would tank the economy. Instead, the
economy is thriving, unemployment has gone down – and we’re just getting
started.
*The thinking is simple: When restaurant owners are suddenly required to
pay restaurant workers enough so that now even they can afford to eat in
restaurants it doesn’t shrink the restaurant industry – it grows it.
OBVIOUSLY.*
Unlike the laws of physics, the laws of economics are a choice.
Conservatives have sold their economic theories to us as if they were
unchangeable natural law, but, in fact, those theories are social
constructs based on pseudoscience. If we want new economics, all we have to
do is choose to have it.
Being rapacious does not make you a capitalist; it makes you a sociopath.
Instead of a greed first, ask questions later approach – we need to invest
in cooperation as a growth mechanism for our economy. When everyone does
better, the economy does better.
The laws of economics are a choice –and I hope you take a moment to watch
my TED talk to find out what other ideas I have to formulate a new economy
where everyone does better. But hey, don’t take it from me, I’m just a
zillionaire spending my fortune the best way I know how: fighting for
policies that will rebalance the economy in favor of the middle class.
*Here’s that link to my TED talk again, I hope you’ll watch it.*
<http://go.civicaction.com/page/m/46025914/3748c8c3/3f534dd6/11ea042d/437957088/VEsF/?g=9M1QaVH8x8Vcy9aMuhNDe_A>
Thank you so much for being such an important part of this team as we work
to end neoliberal stooges rigging the system against the vast majority of
people.
[image: Hey, while you're here: At Civic Action we're trying to buck the
status quo and expand the middle class through activism and education.
We're not afraid of making a little trouble, but we can't do it without
your help. Will you pitch in to support our efforts? We promise to put
every penny toward ending the neoliberal stranglehold on our economic and
political system. Pitch in now:]
<http://go.civicaction.com/page/m/46025914/3748c8c3/3f534dd6/11ea042c/437957088/VEsC/p/eyJlM3NnWVdKd1lXZGxJSDE5IjoiY2EtZW1haWwiLCJlM3NnY21WbVkyOWtaU0I5ZlE9PSI6Imp0azE0NC1vdC1uZCIsImUzc2dURkJCUVZGMVpYSjVVM1J5YVc1bklIMTkiOiI1LDI1LDUwLDEwMCwyNTAsNTAwIiwiZTNzZ1lXSnlaV04xY25KcGJtY2dmWDA9IjoiIn0%3D/?g=9M1QaVH8x8Vcy9aMuhNDe_A>
Paid for by Civic Action
This email was sent to jeffreygsterling at gmail.com.
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