Nick Hanauer’s “Controversial” TED talk

So, really, who are the “job creators?” Not those the political class would have you believe… the hallowed 1%. The following TED talk is a simple, though not simplistic, explanation of how the economy really works so far as job creation is concerned, and why building and maintaining a strong middle class is so important. The feedback loop between business and the middle class is what creates jobs, not the incredibly wrongheaded economic ideas that have gained currency today, of an almost deified set of “job creators,” the very wealthy, an idea egged on by self-serving politicos, the corporate media, and economically unenlightened journalism.

Paul Ryan’s draconian and ridiculous budget Congressional Republicans have in lockstep backed, or Maine Governor Paul LePage’s and the Republican legislature’s cruel supplemental budget, both based on thoroughly discredited “trickle down” economic theories of Hayek and the “Chicago boys” channeling Milton Friedman, have been shown over and over to be a drag on the economy, slowing job creation, creating and extending misery for those under-employed or among the long-term unemployed.

Without an enlightened understanding of how our macro-economy works, things will only get worse. The redistribution of wealth and opportunity will continue to flow upwards, the middle class will continue to shrink creating an even larger underclass desperate for relief from those that seem to have no interest or ability in providing relief, their elected representatives. The current obsession with perpetual war, the security state, and a war economy that displaces useful manufacturing with armaments and weaponry serves the elite businesses that dominate the world economy. Governments captured by the elite in this mindset have little choice but to deliver… to the detriment of the masses who must comply in order to survive.

Have a look, and decide for yourself…

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About sdemetri
Portland, Maine freelance photographer, writer, activist

One Response to Nick Hanauer’s “Controversial” TED talk

  1. Rachel Lyn says:

    Cogent Steve. Feedback is so important.

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