9.15.2019

Nick Hanauer : The dirty secret of capitalism — and a new way forward


Nick Hanauer·TEDSummit 2019
The dirty secret capitalism-and new way forward
Summary
The speaker tells us that the reason for rising inequality and growing political instability is that our world now has a bad economic theory. It’s that companies only think about their capitalists like the speaker who is really rich and then only they become rich forever. It doesn’t bring equality and cooperation. Thus the speaker tells us it should change and new economic rules are necessary.

First, our world is too complicated to service something simply. 1)
The economy is people and it’s necessary to include more people in more ways. 2)
The purpose of the corporation is not to enrich shareholders but to serve customers, to do with workers for communities. 3)
Having greed too much 4)and depending large scale too much 5) are not good.

We must have a new economic thought and have to be able to work equally and cooperatively and enjoyably.

However, if the world changes like that, inequality will come from somewhere and the speaker must be rich forever. The title calls him the dirty secret capitalist, doesn't it?

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