Rising Inequality Is Stupid and Self-Defeating

Billionaire plutocrat Nick Hanauer presents the argument for a new capitalism, one that is more inclusive and more effective.

Hanauer says he is not special, but acknowledges that he does have the gift of intuitive foresight.

“I have a good sense, a good intuition about what will happen in the future. And I think that intuition about the future is the essence of good entrepreneurship. So, what do I see in our future today, you ask? I see pitchforks. As in, angry mobs with pitchforks.”

How may the wealthy elite avoid pitchforks? By forgetting the ‘trickle-down’ meme. The economy is an ecosystem. Manage capitalism in a way that allows everyone a chance to thrive.

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