Explore a thought-provoking TED Talk that challenges the conventional wisdom of capitalism and proposes a new economic paradigm. Delve into entrepreneur Nick Hanauer's dismantling of the "greed is good" mantra, which he argues is not only morally corrosive but scientifically flawed. Discover how rising inequality and political instability are linked to decades of misguided economic theory. Learn about a fresh economic perspective based on reciprocity and cooperation, examining the flaws in neoliberal assumptions about wages, compensation, and human behavior. Understand the importance of inclusion in driving economic growth and the true purpose of corporations. Gain insights into how cooperation, rather than selfishness, has been humanity's economic superpower throughout history. Consider the implications of viewing successful economies as ecosystems rather than jungles, and explore how markets can create problems that require intervention. Reflect on the idea that economics is a choice and how a new strategy focused on the 99% could reshape our economic future.
Overview
Syllabus
Intro
I am a capitalist
Rich capitalists have never been richer
Rich people are smarter
The dirty secret
neoliberal policies
widening inequality
neoliberal economic theory
what we now know
where did we go wrong
neoliberal economic assumption 1
wages dont kill jobs
the second assumption
people are not paid
the third assumption
Homoeconomicus
Cooperation not selfishness
Humanitys economic superpower
Where prosperity comes from
As we become more prosperous
The old economics is correct
Successful economies are not jungles
Markets create problems
Inclusion creates economic growth
Purpose of the corporation
Rule for greed
economics are a choice
now neoliberal economic theory
join the 99
a new strategy
Taught by
TED
