<div dir="ltr"><br><div class="gmail_quote"><div dir="auto"><br><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">---------- Forwarded message ---------<br>From: <strong class="gmail_sendername" dir="auto">Nick Hanauer</strong> <span dir="auto"><<a href="mailto:info@civicaction.com" target="_blank">info@civicaction.com</a>></span><br>Date: Fri, Sep 13, 2019, 3:29 PM<br>Subject: A new economics<br>To: Jeffrey Sterling <<a href="mailto:jeffreygsterling@gmail.com" target="_blank">jeffreygsterling@gmail.com</a>><br></div><br><br><u></u>
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Rich capitalists like me have never been richer. </div>
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<span id="m_-6706599412428920057m_-1424553554942190639docs-internal-guid-0226b372-7fff-72b6-aad7-2ef2c5508d16"><span style="background-color:transparent">Rich capitalists like me have never been richer.</span><br><br><span style="background-color:transparent">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?</span><span style="background-color:transparent"> </span><br><br><span style="background-color:transparent">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. </span><br><br><span style="background-color:transparent">But our economy doesn’t have to work this way: We can and must form a new economics and design a new system.</span><span style="background-color:transparent"> </span><br><br><span style="background-color:transparent">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:</span></span></p>
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<span id="m_-6706599412428920057m_-1424553554942190639docs-internal-guid-0b5f8884-7fff-dfdc-5ad7-ac712a6c6ec3"><span style="color:rgb(17,85,204);background-color:transparent"><a href="http://go.civicaction.com/page/m/46025914/3748c8c3/3f534dd6/11ea042d/437957088/VEsH/?g=9M1QaVH8x8Vcy9aMuhNDe_A" style="font-size:inherit!important" title="https://www.ted.com/talks/nick_hanauer_the_dirty_secret_of_capitalism_and_a_new_way_forward" rel="noreferrer" target="_blank"><b>Watch my new TED talk to learn about why neoliberalism is sociopathic – and why we need to create a new economics of cooperation:</b></a></span></span></p>
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<a href="http://go.civicaction.com/page/m/46025914/3748c8c3/3f534dd6/11ea042d/437957088/VEsE/?g=9M1QaVH8x8Vcy9aMuhNDe_A" title="https://www.ted.com/talks/nick_hanauer_the_dirty_secret_of_capitalism_and_a_new_way_forward" rel="noreferrer" target="_blank"><img alt="" id="m_-6706599412428920057m_-1424553554942190639image847f7a69-4439-4fdc-8c28-c3e06bd32f79" src="https://als-totem.s3.amazonaws.com/emailimages/9772/Nick+TED+with+play+button.png" style="max-width:100%!important;border:0;display:block" title=""></a></center>
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<span id="m_-6706599412428920057m_-1424553554942190639docs-internal-guid-f6a36fd5-7fff-a2e4-9a7a-c6c763878342"><span style="background-color:transparent"><i><b>Nick Hanauer speaks at TEDSummit: A Community Beyond Borders. July 21-25, 2019, Edinburgh, Scotland. Photo: Ryan Lash / TED</b></i></span></span></p>
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<span id="m_-6706599412428920057m_-1424553554942190639docs-internal-guid-57f169ad-7fff-35bf-c522-8e708a06cf57"><span style="background-color:transparent">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.</span><span style="background-color:transparent"> </span><br><br><span style="background-color:transparent">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.</span><span style="background-color:transparent"> </span><br><br><span style="background-color:transparent">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.</span></span></p>
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<span id="m_-6706599412428920057m_-1424553554942190639docs-internal-guid-47c83f8f-7fff-7c3b-0b6b-bda2d67a7266"><span style="background-color:transparent"><b>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.</b></span><br><br><span style="font-weight:bold;background-color:transparent">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. </span></span></p>
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<span id="m_-6706599412428920057m_-1424553554942190639docs-internal-guid-6571a0c7-7fff-03a8-b3d9-fe73526799f8"><span style="background-color:transparent">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.</span><span style="background-color:transparent"> </span><br><br><span style="background-color:transparent">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.</span><span style="background-color:transparent"> </span><span style="background-color:transparent">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. <br>
</span><br><span style="background-color:transparent"><a href="http://go.civicaction.com/page/m/46025914/3748c8c3/3f534dd6/11ea042d/437957088/VEsF/?g=9M1QaVH8x8Vcy9aMuhNDe_A" style="font-size:inherit!important" title="https://www.ted.com/talks/nick_hanauer_the_dirty_secret_of_capitalism_and_a_new_way_forward" rel="noreferrer" target="_blank"><b>Here’s that link to my TED talk again, I hope you’ll watch it.</b></a></span><br><br><span style="background-color:transparent">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. </span></span></p>
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