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 The dirty secret of capitalism -- and a new way forward  https://www.youtube.com/watch?v=th3KE_H27bs| Nick Hanauer
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 competition between firms, competition between networks of firms, competition between nations --
 and anyone who has ever run a successful business knows that building a cooperative team by including the talents of everyone is almost always a better strategy than just a bunch of selfish jerks.
+https://youtu.be/th3KE_H27bs?t=748
 Successful economies are not jungles and build a more sustainable, more prosperous and more equitable society?
-The new economics suggests just five rules of thumb.
+__
+The new economics suggests just five rules of thumb.__
 First is that successful economies are not jungles, they're gardens, Markets create problems which is to say that markets, like gardens, must be tended, that the market is the greatest social technology ever invented
 for solving human problems, but unconstrained by social norms or democratic regulation, markets inevitably create more problems than they solve.
 Climate change, the great financial crisis of 2008 are two easy examples.
-The second rule is
+The second rule is that inclusion creates economic growth.
-Inclusion creates economic growth
+So the neoliberal idea that inclusion is this fancy luxury to be afforded if and when we have growth is both wrong and backwards. The economy is people. Including more people in more ways is what causes economic growth in market economies.
-that inclusion creates economic growth.
-So the neoliberal idea
-that inclusion is this fancy luxury
-to be afforded if and when we have growth is both wrong and backwards.
-The economy is people.
-Including more people in more ways
-is what causes economic growth in market economies.
 Purpose of the corporation
-The third principle
+The third principle is the purpose of the corporation is not merely to enrich shareholders. The greatest grift in contemporary economic life is the neoliberal idea that the only purpose of the corporation and the only responsibility of executives is to enrich themselves and shareholders.
-is the purpose of the corporation is not merely to enrich shareholders.
-The greatest grift in contemporary economic life
+The new economics must and can insist that the purpose of the corporation is to improve the welfare of all stakeholders: customers, workers, community and shareholders alike.
-is the neoliberal idea that the only purpose of the corporation
-and the only responsibility of executives
+Rule four: greed is not good. Being rapacious doesn't make you a capitalist, it makes you a sociopath.
-is to enrich themselves and shareholders.
+And in an economy as dependent upon cooperation at scale as ours, sociopathy is as bad for business as it is for society.
-Rule for greed
-The new economics must and can insist
+And fifth and finally, economics are a choice unlike the laws of physics, the laws of economics are a choice.
-that the purpose of the corporation
+Now, neoliberal economic theory has sold itself to you as unchangeable natural law, when in fact it's social norms and constructed narratives based on pseudoscience.
-is to improve the welfare of all stakeholders:
-customers, workers,
+If we truly want a more equitable, more prosperous and more sustainable economy, if we want high-functioning democracies and civil society, we must have a new economics.
-community and shareholders alike.
-Rule four:
-greed is not good.
-Being rapacious doesn't make you a capitalist,
-it makes you a sociopath.
-(Laughter)
-(Applause)
-And in an economy as dependent upon cooperation at scale as ours,
-sociopathy is as bad for business as it is for society.
-And fifth and finally,
-economics are a choice
-unlike the laws of physics,
-the laws of economics are a choice.
-Now, neoliberal economic theory
-has sold itself to you as unchangeable natural law,
-when in fact it's social norms and constructed narratives
-based on pseudoscience.
-now neoliberal economic theory
-If we truly want a more equitable,
-more prosperous and more sustainable economy,
-if we want high-functioning democracies
-and civil society,
-we must have a new economics.
 And here's the good news:
-if we want a new economics,
+if we want a new economics, all we have to do is choose to have it.
-all we have to do is choose to have it.
 Thank you.
-(Applause)
-join the 99
-Moderator: So Nick, I'm sure you get this question a lot.
 If you're so unhappy with the economic system,
 why not just give all your money away and join the 99 percent?
-Nick Hanauer: Yeah, no, yes, right.
-You get that a lot. You get that a lot.
 "If you care so much about taxes, why don't you pay more,
 and if you care so much about wages, why don't you pay more?"
 And I could do that.
-a new strategy
+The problem is, it doesn't make that much difference, and I have discovered a strategy
-The problem is,
-it doesn't make that much difference,
-and I have discovered a strategy
 that works literally a hundred thousand times better --
-Moderator: OK.
+which is to use my money to build narratives and to pass laws that will require all the other rich people
-NH: which is to use my money to build narratives and to pass laws
+to pay taxes and pay their workers better.
-that will require all the other rich people
-to pay taxes and pay their workers better.
-(Applause)
-And so, for example,
-the 15-dollar minimum wage that we cooked up
-has now affected 30 million workers.
-So that works better.