Pitchfork Economics
@pitchforkeconomics
A 🔥 podcast about who gets what and why in the economy with zillionaire class traitor Nick Hanauer. Listen (ad-free) wherever you get your podcasts. linktr.ee/pitchforkeconomics
How would Daron Acemoglu create pro-worker AI in the US? 1. Change the tax code to benefit labor over capital 2. Create data property rights 3. Create an AI agency similar to NIH What do you think? Is pro-worker AI possible?
Host Nick Hanauer has a simple Social Security fix. It would permanently secure funding, give 95% of Americans a raise, and drive economic growth across the country. How do you think we should solve Social Security's financial shortfall?
Liberal democracy can’t survive on speeches about democracy. It has to deliver. @dacemoglumit.bsky.social joins us to discuss his new book, What Happened to Liberal Democracy?, and the case for working-class liberalism: good jobs, shared prosperity & technology that works for people. bit.ly/4wimPRP
NEW POD: If we don't act, AI is going to concentrate wealth at unparalleled levels. Not because the technology requires it, but because it's what our economic system is built to do. Economist @dacemoglumit.bsky.social believes that will be fatal for liberal democracy.
What are your thoughts on prediction markets like Kalshi and Polymarket? Both Nicks in this conversations have strong feelings. From this week's pod with @atg.wa.gov Nick Brown
Antitrust enforcement has stalled under the Trump administration. Without states stepping in, corporate consolidation would be essentially unchecked. WA + 11 states just sued to block the Paramount-Warner Bros. merger. @atg.wa.gov Nick Brown explains how we got here.
There is a blinking red light at the heart of the proposed Paramount-Warner Brothers merger. And it's just one of the many reasons workers will likely lose their jobs if the merger goes through. From this week's episode with @atg.wa.gov Nick Brown—one of 12 state AGs suing to block the merger.
Corporate mergers always promise efficiency, but too often, they mean less competition, fewer choices, and more power at the top. @atg.wa.gov joins Nick & Goldy this week to break down why states are fighting the Paramount–WBD merger as the DOJ abandons antitrust enforcement. 🎧 ➡️ bit.ly/4pXHhWw
When major players in an industry merge, prices go up, wages go down, consumer choice decreases, and slows innovation. That's why antitrust cases like the Paramount-Warner Bros. merger are so critical. This week, @atg.wa.gov joins us to talk about that case and more.
Suffice it to say, @goldy.horsesass.org is a fan of the Good Life Agenda from @rooseveltinstitute.org . From last week's episode with their President and CEO @elizabethwwilkins.bsky.social.
The fundamental assumptions of neoliberal economics are crumbling around us. The question isn't whether change is coming, it's what that change looks. @elizabethwwilkins.bsky.social joined Nick and Goldy to talk about the @rooseveltinstitute.org's Good Life Agenda, their answer to that question.
Democracy can’t just survive. It has to deliver. @elizabethwwilkins.bsky.social joins Nick & Goldy this week to talk about @rooseveltinstitute.org's Good Life Agenda, public power, and why people lose trust when government feels disconnected from everyday life. Listen: bit.ly/Ewilkins
"I have no control over my life". @rooseveltinstitute.org's Elizabeth Wilkins joins us this week to talk about their Good Life Agenda, and why "affordability" undersells what people are actually asking for. It's not just prices. It's wages. It's power. It's self determination.
CEOs are selling AI as a historic productivity boom—even as they warn it could eliminate jobs. But businesses invest when workers have higher incomes and consumer demand is strong. So we're revisiting our conversation with Preston Mui on why productivity is built through policy. 🎧 ➡️ bit.ly/4yzym1k
The next economic downturn hasn't even arrived, and the austerity playbook is already written. Cut public investment. Shrink government. Tell people there's no alternative. We've heard this story before, which is why this week we're resharing our conversation with Clara Mattei. 🎧 bit.ly/4gyaRiG
SCOTUS made it easier for presidents to fire the people policing corporate power. @elizabethwwilkins.bsky.social warned about this: we obsess over government “overreach,” but ignore under-reach — when government is too captured to fight for people, corporate power fills the vacuum. bit.ly/44I102x
In 2014, Nick Hanauer wrote a now-famous article in Politico warning his fellow plutocrats that the pitchforks were coming. He was right. The only question is what comes next.
Is the intense focus on AI job loss classist? If losing 5–15 million jobs to AI is a crisis, where's the crisis for the 7.5 million people unemployed today? From our conversation with @kedseconomist.com
Is universal childcare the next big middle-out policy @kedseconomist.com explains, "this would be... one of the largest investments the federal government has ever made in communities across the U.S. and every community would benefit from it."
Every episode, we ask our guests what they would do if they could waive a magic wand. @Keds_economist answer: 1. Major labor reform immediately 2. Major tax reform — including the $2.3 trillion the government refunds through coupons in the tax system What do you think?
@Keds_Economist has an answer to what a strong policy solution to AI job loss should look like. It centers on three things: 1. Fix short-term unemployment 2. Establish long-term unemployment 3. Make working-class jobs suck less What do you think?
AI job loss is real. The question is whether we respond as if it’s inevitable destruction or as a policy problem we know how to solve. @kedseconomist.com joins Nick & Paul to explain what the pandemic recovery can teach us about AI, workers, and the future of work. 🎧 Listen: https://bit.ly/4fRdD27
Economist @kedseconomist.com isn't buying UBI as a solution for AI job loss. $20,000 a year won't solve anyone's problems if they can't find work. But it will serve as cover for the AI elite as they displace millions of workers. What do you think? Is UBI part of the answer?
@sanders.senate.gov' idea to give the public a stake in AI isn't crazy. AI is monetizing humanity's intellectual property. If we don't act, all the value AI creates will flow to a handful of plutocrats. We should give the public, who created the resource, an ownership stake in the profits.
AI doomsdayers want us to believe mass job loss would be unprecedented. @kedseconomist.com has a sharp reminder: We already saw the U.S. economy lose 22.5 million jobs in five weeks at the start of the pandemic. What mattered wasn’t inevitability. It was the policy response. New episode tomorrow!
Nick's fix for Social Security funding: Cut tax rate in half: 12.4% to 6.2%. Tax all forms of income, including capital gains and dividends, with no cap. Social Security is fully funded. 95% of Americans get a 6% raise. They the spend that money driving growth and hiring. What do you think?
Corporate consolidation raises prices, lowers wages, reduces choices, and slows innovation. Neoliberalism can't handle this because they have no theory of power. To them, this is all just the market sorting it out.
This week, we’re revisiting a conversation from our archive that feels newly relevant: wage stagnation was not an accident, and it is not irreversible. @larrymishel.bsky.social and @joshbivens-econ.bsky.social of @epi.org explain how policy choices have weakened worker power. 🎧 ➡️ bit.ly/4okRhYT
Who benefits when policymakers say the economy is becoming more “efficient”? @nickhanauer.bsky.social explains why that word may be hiding a much bigger story about power, profits, and who gets left behind in the economy. ⬇️ bit.ly/MarketHumanism
The most damaging lies in American politics are often disguised as economic common sense. @nickhanauer.bsky.social explains ⬇️