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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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About The Author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She writes fiction about an alpha Bichon named Chester, and his friends--with a dash of humor and a dab of poli-sci. JoAnn worked professionally in the Psychology and Information Science fields. Retired now, she enjoys the creative life.

3 Comments

  1. swo8

    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.
    Leslie

    • JoAnn Chateau

      Yes. The result of ‘unfettered’ capitalism. Even the best of us need boundaries.

      • swo8

        It is the wild west all over again.
        Leslie

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