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The dirty secret of capitalism -- and a new way forward | Nick Hanauer

TED · talk · Watch on YouTube

Labor, work & inequalityMicroeconomics & behavioral economics

What it is

A TED talk by entrepreneur Nick Hanauer arguing that decades of 'greed is good' economic theory drove inequality and instability. He proposes an economics built on reciprocity and cooperation.

Why Hacker News recommends it

It is cited in inequality and capitalism threads as a billionaire's critique of neoliberal market assumptions.

  • 2 people recommended it
  • 2 different months
  • 0 strong recommendations
  • first 2019, last 2023

What HN commenters said

  1. “The only way we can change things on a larger scale is to change the incentives, to change the overarching goals.”

    Argues incentives must change to fix capitalism.

    pixelfarmer, 2022-11 · Recommendation · in “A Man Who Broke Capitalism – Did Jack Welch Destroy Corporate America?”

  2. “he comes this >< close to advocating socialism.”

    Capitalist billionaire critiques neoliberal market myths.

    actually_a_dog, 2023-03 · Recommendation · in “South Korea has the lowest fertility rate, with lessons for us all”

Excerpts from Hacker News comments, linked to the originals. Summaries and labels were written by a language model from those comments.

Topics: capitalism, inequality, incentives, neoliberalism, ted talk

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