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PODCAST

Pitchfork Economics with Nick Hanauer

We are living through a paradigm shift from trickle-down neoliberalism to middle-out economics — a new understanding of who gets what and why. Join zillionaire class-traitor Nick Hanauer and some of the world’s leading economic and political thinkers as they explore the latest thinking on how the economy actually works.

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All Episodes

38:58

Companies can't self-regulate their way to inclusive...

Pitchfork Economics with Nick Hanauer ·

2022/04/26

In 2019, a group of business leaders signed a high-profile pledge promising that they would voluntarily move toward a more inclusive stakeholder-focused version of capitalism. But throughout the pandemic, those same companies reported record profits while workers were left behind. Brookings Institute Senior Fellow Katie Bach walks us through her new report examining the pandemic labor practices of 22 companies, spanning nearly every sector, and employing more than 7 million frontline

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44:06

Why your non-compete clause is probably illegal (with...

Pitchfork Economics with Nick Hanauer ·

2022/04/19

Non-compete clauses, and the lesser-known no-poach agreements between franchises, are shockingly common for low-wage workers. Although these contracts were originally intended to protect trade secrets among high-level executives, they have spiraled into an unfair labor practice that keeps wages low, limits employee mobility, and decreases competition. Washington state Attorney General Bob Ferguson explains how non-competes and no-poach agreements violate the law in many states, what his team did to

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59:11

How neoliberalism happened (with George Monbiot and...

Pitchfork Economics with Nick Hanauer ·

2022/04/12

It’s trendy to mock the malicious pervasiveness of neoliberalism now, but have you ever wondered what its origins are? This week, George Monbiot and Binyamin Appelbaum join the show to uncover just where the dominant economic theory of our time came from and how it took hold. This episode was originally recorded and released in October 2019. George Monbiot writes a weekly column for The Guardian and is the author of a number of books, most recently ‘Out of the Wreckage: A New Politics for an Age of

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33:33

The economics of mass incarceration (with Robynn Cox)

Pitchfork Economics with Nick Hanauer ·

2022/04/05

What role does the criminal justice system play in economic inequality? How does economic inequality cause mass incarceration? And how do we tease those two questions apart? Robynn Cox, an expert in the economics of mass incarceration, talks about her research uncovering the links between economic inequality and the criminal justice system. Robynn Cox is an assistant professor at the University of Southern California School of Social Work. She is an economist and inequality researcher, and her

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31:07

Why a $15 minimum wage is no longer enough (with Dean...

Pitchfork Economics with Nick Hanauer ·

2022/03/29

Ever wondered what the minimum wage would be if it had kept pace with inflation and productivity like it used to? Here’s a hint: $7.25, and even $15.00, don’t come close. Economist Dean Baker has been crunching the numbers on the minimum wage for years. He joins the podcast this week to share what he’s found and why it matters. Since the publication of this episode, the Center for Economic and Policy Research issued a correction to Dean Baker’s August 2021 report that a minimum wage that kept up

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36:15

Did corporate greed break the supply chain? (with...

Pitchfork Economics with Nick Hanauer ·

2022/03/22

While many Americans struggle to make ends meet, corporate America’s 2021 profits were higher than ever. So why are corporations making more money while supply chain issues are still driving up inflation for the rest of us? The Groundwork Collaborative’s Chief Economist, Rakeen Mabud, wants you to know that the supply chain is working exactly as it was designed: for maximum profit, rather than reliably getting goods to people. And that’s the problem. Rakeen Mabud is the Chief Economist and Managing

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44:18

Free lunch thinking (with Tom Bergin)

Pitchfork Economics with Nick Hanauer ·

2022/03/15

Investigative financial analyst Tom Bergin cut his teeth investigating corporate wrongdoing. When he turned his attention to the economics profession, he learned that eight major economic theories—used by experts to shape policy across the globe—entirely lack factual basis. He joins the pod to explain how those theories wormed their way into dominant economic thinking, the evidence against them, and why he believes economists are finally starting to shift toward studying the world as it actually

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38:25

Congress looks to the CBO for economic expertise. Is...

Pitchfork Economics with Nick Hanauer ·

2022/03/08

The Congressional Budget Office, the institution that furnishes cost-benefit analyses for federal legislation under consideration by Congress, has a really hard job. But some of the assumptions they rely on to predict economic consequences are just plain weird. Economist Mark Paul leads us through the strangest practices at the CBO, including their (untrue) claim that public investment is only half as productive as private investment and the complete lack of peer-reviewing of reports that can signal

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40:19

How Davos Man devours the world (with Peter Goodman)

Pitchfork Economics with Nick Hanauer ·

2022/03/01

Billionaires have looted economies, hidden from tax bills, and destabilized democracies for decades. But the subset of billionaires who make a show of pretending to be good citizens have to be the worst among them. They’re called “Davos Man'' and according to New York Times Global Economics Correspondent Peter Goodman, they’re devouring the world we live in. Peter S. Goodman is the Global Economics Correspondent at the New York Times. He is a two-time winner of the Gerald Loeb Award for

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37:19

The economics of abortion (with Caitlin Myers)

Pitchfork Economics with Nick Hanauer ·

2022/02/22

We often discuss abortion as an issue of bodily autonomy, personal rights, and reproductive justice. Of course it’s all of those things, but it’s also an economic issue. Access (or lack thereof) to an abortion profoundly affects women’s lives by determining if, when, and under what circumstances they become mothers. Whether or not women have access to abortion can change the direction of their lives, affecting educational attainment, labor force participation, and overall earnings. Economist Caitlin

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54:44

Ask Nick Anything

Pitchfork Economics with Nick Hanauer ·

2022/02/15

Nick and Goldy answer your questions! How is any form of union busting legal? Why can’t America be more like the Nordic countries? Is taxing unrealized capital gains a good idea? And more! Thanks to Brad from Pennsylvania, Larry from Boston, Julie from Arizona, Duncan from California, Zach from Minnesota, and Dave from Illinois who left the great voicemails included in this episode. If you have any questions for a future AMA episode, leave us a voicemail at 731-388-9334. Show us some love by

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42:50

Debunking deficit myths (with Stephanie Kelton)

Pitchfork Economics with Nick Hanauer ·

2022/02/08

Modern Monetary Theory is an attempt to accurately describe how government debt and complex financial systems actually work and it can help us responsibly use our resources. No one is more knowledgeable on the subject than returning guest, Professor Stephanie Kelton. On this episode, originally released in 2020, Kelton explains the myths surrounding MMT and what a new understanding of the budget could do for our economy. Stephanie Kelton is a Professor of Economics and Public Policy at Stony Brook

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34:43

The economic case for universal health care (with CA...

Pitchfork Economics with Nick Hanauer ·

2022/02/01

The United States spends far more on healthcare costs than other industrialized countries, yet we continue to have wider gaps of coverage and report worse health outcomes. California Assemblymember Ash Kalra is paving the way for a better system in his state through the California Guaranteed Health Care for All Act, which at the time of recording had been advancing through the state legislature for nearly a year. The night before this episode posted, the Bill died in the Assembly — but

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36:29

Why privatizing public goods is bad for democracy...

Pitchfork Economics with Nick Hanauer ·

2022/01/25

Even in the middle of a pandemic, trickle-down politicians still love to claim that the free market is the best way to resolve human problems and that the government can't be trusted to serve the public good. But when we privatize public health, utilities, and other shared necessities, we hand over control of those public goods—the things that we all need and that we need everyone to have— to for-profit entities that don’t answer to the public. Donald Cohen, an expert on privatization, shares

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30:32

Ending the tipped minimum wage (with Saru Jayaraman)

Pitchfork Economics with Nick Hanauer ·

2022/01/18

In most states, tipped workers are not subject to the minimum wage. Why? Because it’s legal to pay tipped workers a subminimum wage as low as the federal minimum of $2.13 per hour. As long as any worker in the country can be paid less than the minimum wage, the minimum wage is meaningless. Saru Jayaraman, a leader in the national fight for one fair wage, lays out the path forward. Saru Jayaraman is the President of One Fair Wage, an organization that fights to raise wages and working conditions

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40:34

Did the Federal Reserve’s policies make inequality...

Pitchfork Economics with Nick Hanauer ·

2022/01/11

When the Federal Reserve makes money, where does it go? Turns out, the Fed’s hands are tied—it can’t do anything other than assume that the new money will trickle down into the hands of ordinary Americans through Wall Street’s coffers. And according to journalist Christopher Leonard, that’s put the United States’ economic stability at risk and accelerated income inequality. Christopher Leonard is a business reporter and executive director of the Watchdog Writers Group at the University of Missouri

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38:07

How the radical right weaponized ideology (with Nancy...

Pitchfork Economics with Nick Hanauer ·

2022/01/04

If it seems to you like the ultimate goal of the most extreme conservatives is to undermine democracy and cripple democratic institutions—well, according to historian Nancy MacLean, you’re right. This week, MacLean unpacks the meteoric rise in popularity of the radical right’s ideas, and offers a way forward for progressives, based on lessons from successful social movements throughout American history. This episode was originally released in July 2020. Nancy MacLean is an award-winning scholar of

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34:27

How opportunity zones create windfalls for the...

Pitchfork Economics with Nick Hanauer ·

2021/12/28

The 2017 Tax Cuts & Jobs Act included a little-known provision establishing something called opportunity zones. The plan, which was lauded as a way to direct investments into under-developed communities in the U.S., created 8,764 tax havens that were almost immediately exploited by the wealthy to gobble up capital gains tax breaks. Pulitzer Prize-winning journalist David Wessel explains how opportunity zones came to be, who is profiting off of them, and why it’s so difficult to tweak the tax code

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37:54

Are you in the 9.9 percent? (with Matthew Stewart)

Pitchfork Economics with Nick Hanauer ·

2021/12/21

In the U.S., inequality is often framed as the 99% versus the wealthiest 1%. But that’s not quite the right matchup. While the bottom 90% has done dramatically worse over the last several decades and the top 0.1% has done dramatically better, the 9.9% in between those groups still controls more than half of the wealth in the United States. Author and philosopher Matthew Stewart thinks that the 9.9% are not innocent bystanders, and he joins Nick and Goldy to discuss how this group is entrenching

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28:28

Moving beyond racial liberalism (with Kyle Strickland)

Pitchfork Economics with Nick Hanauer ·

2021/12/14

How can we center the role of race in our economic policy and in our politics in a way that will drive real change? Kyle Strickland, the deputy director of race and democracy at the Roosevelt Institute, explains how our leaders have fallen under the sway of racial liberalism, which focuses solely on disavowing personal bigotry and overt discrimination. In order to realize true racial and economic justice, he argues we should move beyond racial liberalism and toward a greater understanding of the

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403 results

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