The dirty secret of capitalism -- and a new way forward
5,852,018 views|
Nick Hanauer |
TEDSummit 2019
• July 2019
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.