Nick Hanauer is one of the most successful entrepreneurs, investors, and managers in the Northwest, with over 30 years of experience across a broad range of industries. He has managed, founded, or financed over 30 companies, creating aggregate market value of tens of billions of dollars, including Amazon.com, Aquantive Inc., Insitu group, Market Leader, and, most recently, the venture capital firm Second Avenue Partners. He is actively involved in a variety of civic and philanthropic activities and has served a broad range of civic organizations, including the University of Washington Foundation and the Seattle Alliance for Education. He currently serves as a director for the Democracy Alliance and as a board advisor to the policy journal Democracy. Hanauer has published two national bestsellers, The True Patriot (2007) and The Gardens of Democracy (2010), with co-author Eric Liu. In 2012, his TED talk on income inequality went viral after TED, citing it as overtly partisan, declined to publish it on their website.
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What prosperity is, where growth comes from, why markets workand how we resolve the tension between a prosperous world and a moral one.
Our country is rapidly becoming less a capitalist society and more a feudal society. Unless our policies change dramatically, the middle class will disappear, and we will be back to late 18th-century France.
Nick Hanauer is a rich guy, an unrepentant capitalist and he has something to say to his fellow plutocrats: Wake up! Growing inequality is about to push our societies into conditions resembling pre-revolutionary France.
In a capitalist system, rising inequality creates a death spiral of falling demand that ultimately takes everyone down.
Conard and Hanauer debate whether jobs are created by the 1% or the American middle class.
Rich people dont create jobs. Jobs are the consequence of a circle of life-like feedback loop between customers and businesses, and only consumers can set in motion this virtuous cycle of increasing demand and hiring.