Progressive Graffiti

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.

About the author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She sometimes writes fiction about Chester (the Alpha Bichon) and his friends -- with a dash of humor and dab of Poli-Sci. JoAnn's views and insights are tinted by her past profession in Counseling, Christian theological studies, and Library and Information Science training. Retired now, JoAnn enjoys the creative life.


  • The capitalism that we have today is so corrupted it is almost impossible to define. It is full of monopolistic entities, that rely on back room deals that either consume the competition or destroys it. It is the most vile of economic forces.

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