The dirty secret of capitalism -- and a new way forward | Nick Hanauer

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• AL

  @alexanderjohn1112 · 6 years ago

  &quot;People are not paid what they&apos;re worth: they&apos;re paid what they&apos;re able to negotiate&quot;.<br><br>Great quote

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• MA

  @Martcapt · 6 years ago

  I like how he just casually mentions that money buys laws

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• ME

  @megafr8nk · 6 years ago

  Henry Ford advised: &quot;There is one rule for the industrialist and that is: Make the best quality of goods possible at the lowest cost possible, paying the highest wages possible.&quot;<br><br><br>Todays enterpreneurs do the exact opposite: make the worst quality that consumers will tolerate, sell for the hightest price they can get, paying the lowest wages they can.

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• BE

  @benjamintrevino325 · 1 year ago

  This was five years ago and nobody listened.

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• DO

  @douglashanson7489 · 6 years ago

  &quot;If we want a new economics, all we have to do is choose to have it.&quot;<br> &nbsp; &nbsp; &nbsp;.....except the choice is only in the hands of those who benefit from the existing system.

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• PE

  @peterpapoulias · 6 years ago

  None of this is new. Henry Ford himself once wrote that he must pay his worker a decent wage as his worker is also his customer.

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• EL

  @elischrag8436 · 3 years ago

  I liked the quote &quot;People are not paid what they&apos;re worth: they&apos;re paid what they&apos;re able to negotiate.&quot; I think it directly points to the need for organized labor.

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• GR

  @grahamflorida5942 · 1 year ago

  He understands that his class is reliant on fixing the problem first, before the population at large does.

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• LE

  @LeifOlegson · 5 years ago

  henry ford&apos;s model was very similar: pay workers enough to be able to buy our cars, and we&apos;ll sell more cars.

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• SN

  @sneakysimon1 · 5 years ago

  &quot;Being rapacious doesn&apos;t make you a capatilist - it makes you a sociopath&quot; &nbsp;pure gold &nbsp;there are so many classic quotes in this one talk from someone who was inside the sociopathic world of modern economics and corporations

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• LA

  @lauriebarton2579 · 3 years ago

  It’s amazing how programmed we are. I only started thinking about these neoliberal ideologies recently and why they are structured the way they are. This was as a result of having doing what I was told (go to school, get good grades, go to college then get a “good” job). I don’t know if it’s fortunate or unfortunate that even though I did all of that and categorically have a “good” job I can’t afford to procure a home nor pay comfortably for a car even with the immense discipline I have applied with my finances. It dawn on me one day that I pay over $1000 cad in taxes per month!! And everything else I buy is taxed so here I am &nbsp;pivoting everything I was told to make sense of this unlevelled playfield

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• BR

  @Brothatskrazie · 7 months ago

  Watching this in 2026 is unforgivable. People really defend billionaires, ceos, and the rich making themselves richer while 99% of the population suffers. It’s unfathomable on why neoliberal economics still exists today.

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