Saturday, May 12, 2018

VIDEO: "Rich people don't create jobs" says multi-millionaire Nick Hanauer at his banned TED Talk

"As the war over income inequality wages on, super-rich Seattle entrepreneur Nick Hanauer has been raising the hackles of his fellow 1-percenters, espousing the contrarian argument that rich people don't actually create jobs.

The position is controversial — so much so that TED is refusing to post a talk that Hanauer gave on the subject.

National Journal reports today that TED officials decided not to put Hanauer's March 1 speech up online after deeming his remarks "too politically controversial" for the site..." Via Business Insider."


Sackerson said...

Hanauer was allowed a later talk on the same theme:

Brett said...

Thanks for the link, Sackerson. In this talk he argues that: " Programs like a reasonable minimum wage, affordable healthcare, paid sick leave, and the progressive taxation necessary to pay for the important infrastructure necessary for the middle class like education, R and D, these are indispensable tools shrewd capitalists should embrace to drive growth." That's a very good start but it doesn't go far enough towards democratic socialism in my view.