Can capitalism be saved? | Nick Hanauer and Eric Beinhocker

Billionaires are the apex predators of the modern economy. They tear up governments, buy politicians, and wreck the planet with carbon-spewing yachts. They control the news and what’s in our feeds. They spend $55 million on lavish weddings while the rest of us struggle to buy groceries and gas.That's why entrepreneur Nick Hanauer and Professor Eric Beinhocker argue for a new economic paradigm they call "market humanism." It's not the end of capitalism, nor the end of markets. Instead, what Hanauer and Beinhocker would like to see is the better organization of markets so they produce the outcomes that benefit humanity (i.e., not the production of more billionaires).In this episode, Hanauer and Beinhocker discuss their new treatise, "Markets Built for Humans," and their critique of the current neoliberal paradigm. Host: Anne Kim, Washington MonthlyGuests: Nick Hanauer and Eric Beinhocker