The dirty secret of capitalism | Nick Hanauer

What this episode covers

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.No lesson this week as we prepare for the new season, but we'll be back again soon. Hosted on Acast. See acast.com/privacy for more information.

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Frequently Asked Questions

How long is this episode of TED Business?

This episode is 16 minutes long.

When was this TED Business episode published?

This episode was published on July 12, 2021.

What is this episode about?

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...

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