Nick Hanauer, Elites & Failure of Trickle-Down Economics

May 29, 2012

On the heels of his TED talk controversy, venture capitalist, entrepreneur and author Nick Hanauer (@NickHanauer) discusses the failed thinking behind trickle down economics, why traditional models of economic measurement don’t work and why his message won’t win him popularity among elites.  His New Patriot Network was founded with Eric Liu and their latest book is The Gardens of Democracy: A New American Story of Citizenship, the Economy, and the Role of Government.  Click thru for links and updates.  Use this post as today’s thread.

Past Episodes

It's an Emmajority Thursday on The Majority Report On today's program: Trump reflects on his visit to China where he failed to find any support in his efforts to open the Strait of Hormuz. In fact, moments after Trump's meeting with President Xi, Iran let Chinese ships pass through the ...
It's Hump Day on The Majority Report On today's Program: Wholesale inflation jumped 6% in April but Trump says he doesn't care because he is laser-focused on preventing Iran from developing a nuclear weapon. In spooky-scary news, Trump has threatened to change the name of Operation ...
It's News Day Tuesday on The Majority Report On today's program: On the campaign trail in 2024, Donald Trump promised to end inflation on day one. But a year and a half into his administration, inflation is outpacing wage growth for the first time since 2023. NEC Director ...