Beware, fellow plutocrats, the pitchforks are coming: Nick Hanauer

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Nick Hanauer, venture capitalist and author

An unrepentant capitalist and rich guy, Nick Hanauer has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France. Hear his argument about why a dramatic increase in minimum wage could grow the middle class, deliver economic prosperity … and prevent a revolution. (Video)

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The trade-off between meaning and money in today’s economy

The point of a “capitalist” economy is to minimize the trade-off between meaning and money.

Why is an average investment banker worth much more than an average teacher? And why does a top hedge fund manager “earn” enough to pay for thousands of teachers?  Is there a trade-off between meaning and money? And if there is, how does one master — and perhaps — resolve it? Can it be resolved?

 

 

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