Nick Hanauer on building a more equitable American economy | Ideas We Should Steal Festival 2020

Capitalism can and should lift all boats. That was the gist of plutocrat venture capitalist Nick Hanauer’s conversation with MSNBC’s Ali Velshi at The Philadelphia Citizen’s third annual Ideas We Should Steal Festival™ presented by Comcast NBCUniversal.

Hanauer, the earliest non-family investor in Amazon, is a capitalist—and a successful one at that. But he is disdainful of the way capitalism has enriched a few at the expense of millions of Americans—something that prompted his push for a $15 minimum wage in his hometown of Seattle, and that he explores at length in his podcast, Pitchfork Economics.

“It is ridiculous to believe that capitalism, that markets, are a good economic system and also believe that somehow the system will come tumbling down if companies are required to pay their workers enough to live in dignity and security,” Hanauer told Velshi. “Claiming that when jobs grow, jobs shrink is like saying when plants grow animals shrink. That’s not the way it works.”

Instead, Hanauer encourages a more equitable system of distributing wealth—which, he claims, is a more natural way to be: “Being reciprocal and cooperative is humanity’s economic superpower.”

Read more about Nick Hanauer’s work here: https://thephiladelphiacitizen.org/nick-hanauer-ali-velshi/

The Philadelphia Citizen’s Ideas We Should Steal Festival™ is an annual convening that brings the most innovative urban thinkers and global thought leaders together in Philadelphia to share and discuss bold ideas that can move the city forward.

Видео Nick Hanauer on building a more equitable American economy | Ideas We Should Steal Festival 2020 канала The Philadelphia Citizen