Name: The dirty secret of capitalism -- and a new way forward
Uploaded: 2019-09-13T14:54:41Z
Duration: 16 min 53 s
Description: Rising inequality and growing political instability are the direct result of decades of bad economic theory, says entrepreneur Nick Hanauer. In a visionary talk, he dismantles the mantra that "greed is good" -- an idea he describes as not only morally corrosive, but also scientifically wrong -- and lays out a new theory of economics powered by reciprocity and cooperation.

Rising inequality and growing political instability are the direct result of decades of bad economic theory, says entrepreneur Nick Hanauer. In a visionary talk, he dismantles the mantra that "greed is good" -- an idea he describes as not only morally corrosive, but also scientifically wrong -- and lays out a new theory of economics powered by reciprocity and cooperation.

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

The dirty secret of capitalism -- and a new way forward

Wealth disparity grows as neoliberal economics prioritizes capital over human cooperation, fueling inequality and instability.

Innovative cooperation, not selfish competition, drives prosperity. New economic models advocate inclusivity and stakeholder welfare.

Redefining economics: prosperity stems from reciprocity and cooperation, challenging the 'greed is good' mantra for a sustainable future.