Corporate Bullshit: Exposing the Lies and Half-Truths That Protect Profit, Power, and Wealth in America by Nick Hanauer, Joan Walsh and Donald Cohen

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Corporate Bullshit: Exposing the Lies and Half-Truths That Protect Profit, Power, and Wealth in America by Nick Hanauer, Joan Walsh and Donald Cohen
The economy is not about money; it’s about people.
Joe Biden may be the most consequential President in 40 years. He is turning around trickle-down Reaganomics (neoliberalism). It will have a far-reaching, long-lasting impact on the American economy. A return to competition is the key factor.
“Through executive orders and appointments, his administration is reining in the power of corporate monopolies in order to drive innovation, raise wages, and make people’s lives more affordable.“ - Nick Hanauer
(link)
The Congressional Budget Office, the institution that furnishes cost-benefit analyses for federal legislation under consideration by Congress, has a really hard job. But some of the assumptions they rely on to predict economic consequences are just plain weird. Economist Mark Paul leads us through the strangest practices at the CBO, including their (untrue) claim that public investment is only half as productive as private investment and the complete lack of peer-reviewing of reports that can signal the death knell for a bill.
A fascinating episode about the Congressional Budget Office. Nick Hanauer begins the show:
“To persuade Americans that investing in themselves is bad for the economy, and the rest of it, is just a fricking outrage.” -- Nick Hanauer, Pitchfork Economics
https://youtu.be/8J6Cs1lYbuQ
Nick Hanauer speaks with Andrew Yang about the need to restore time-and-a-half overtime pay, chipped away by 40+ years of pro-business deregulation.
Nick Hanauer explodes the myth of the capitalist 'job creator'
“Since 1980, the share of income for the richest Americans has more than tripled while effective tax rates have declined by close to 50%,” Hanauer said. “If it were true that lower tax rates and more wealth for the wealthy would lead to more job creation, then today we would be drowning in jobs. And yet unemployment and under-employment is at record highs. ... So here’s an idea worth spreading. In a capitalist economy, the true job creators are consumers, the middle class. And taxing the rich to make investments that grow the middle class is the single smartest thing we can do for the middle class, the poor and the rich.” -Nick Hanauer
Don’t console yourself for a minute that in electing a fellow plutocrat, our side won. President Trump isn’t on any side but his own.
"The real threat to our republic is an alarming breakdown in social cohesion, and the cause of this breakdown is obvious: radical, rising economic inequality, and the anger and anxiety it engenders. The truth is that over the span of decades, American lawmakers (at the behest of economic elites like us!) have enacted policies that have depressed wages, stoked economic insecurity and exacerbated cultural angst and social dislocation. At the same time, a tiny minority of mostly urban elite (again, us!) have benefitted obscenely from our growing economic, political and legal power." -Nick Hanauer Related article: The Pitchforks Are Coming… For Us Plutocrats
https://conferences.oreilly.com/economy-us-2015/public/schedule/speaker/207034
https://www.geekwire.com/2015/nick-hanauer-disruptive-tech-companies-have-a-responsibility-to-innovate-in-civic-life-as-well/