TED Banned This Billionaire For Exposing Capitalism’s Biggest Lie

SHARE:

TED Banned This Billionaire For Exposing Capitalism’s Biggest Lie

But Nick Hanauer isn't giving up his fight for an economic revolution



Nick Hanauer is a Seattle venture capitalist worth $1bn, and he’s been pissing off other one per-centers for some time, even writing articles like this one to warn his “fellow plutocrats” that if the minimum wage doesn’t rise to $15 soon, there will be a revolution in the States.

The super-rich banker also appeared on TED earlier this year to tell the world that rich people don’t create jobs, consumers do. Somebody wasn’t happy with Hanauer’s ideas, and TED banned the speech, stating his common-sense and socially conscious logic was “too politically controversial” for the site.

Hanauer’s only crime was to explain how the market works, pointing out that companies don’t actually like to employ people. Only consumer demand can force corporations to take on more staff, and clearly consumer demand is dependent on whether we have money in our pockets to spend. Hanaeur advocates the Middle-Out school of economics, rather than the dis-proven Top-Down myth we are used to. His argument is refreshingly simple.

Despite TED banning his speech, Hanauer isn’t deterred. Just this month he wrote another article, calling for Americans to contact the White House in support of his plan to save the middle classes. “The twisted irony is, when you work more hours for less pay, you hurt not only yourself, you hurt the real economy by depressing wages, increasing unemployment and reducing demand and innovation,” writes Hanaeur, although his motives are not entirely selfish: “Ironically, when you earn less, and unemployment is high, it even hurts capitalists like me.”

He then calls on readers to join the battle against America’s new poverty problem with a kind of humor reserved only for the super-rich: “Contact the White House. Do it for yourself. Or, at the very least, have the courtesy to do it for me. Because honestly, I’m beginning to run out of customers. In the meanwhile, I’ve got to go buy back more shares ahead of the next earnings report.”

Note 11th December 2014: Some readers have commented that this talk was not banned and is available on TED. Actually, the speech was banned from TED’s website (although it was later made available on Youtube). However, the ban caused a lot of controversy and in the wake of Nick’s popular article in Politico, which we linked to above in the text, TED realized Hanauer had a lot of public support and allowed him to make a second speech (here) in August. TED explained their U-turn in an article, which you can read here.

TED Banned This Billionaire For Exposing Capitalism’s Biggest Lie

Source: True Activist

Related:

COMMENTS

BLOGGER: 3

  1. If you are fond of watching movies and tired of waiting to buffer, then you must use Moviebox app, which is one such app that allows you to stream movies

    on your smart devices without having to wait for buffering. Also it is absolutely free and really easy to install. For more info about how to install it, just

    follow the link here Moviebox for Blackberry

    ReplyDelete
  2. Clash of Magic game is a very popular game in that game you can get unlimited gold, elixir and much more. It's best clash of clans private serve game. You can download clash of magic apk download for playing with you friends and family with new features of game.

    ReplyDelete

Name

Activism,1307,Art,791,BLM,22,Consciousness,1545,CoVid-19,154,Cures,227,Do it Yourself,112,Documentaries,72,Environment,1478,Fiction,2,Health,765,History,464,Human Intelligence,554,Inspirations,2,Inspiring Stories,4179,Justice,536,Mental Health,16,News,1411,Nutrition,218,Philosophy,309,Photography,1590,Quantum Physics,29,Quizzes & Tests,145,Quotes,113,Relationships,781,Science,1145,Self Improvement,838,Spirituality,248,Sustainability,246,Technology,477,Truth,755,
ltr
item
Thinking Humanity: TED Banned This Billionaire For Exposing Capitalism’s Biggest Lie
TED Banned This Billionaire For Exposing Capitalism’s Biggest Lie
But Nick Hanauer isn't giving up his fight for an economic revolution
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWmwRDVs0Wi6iNsE3nsjji39YDSIaf3ZDy68X23O-NoEO8nmPhGLlf98uCGA4IheNLJTWQLcJJSsZ472z97yuerQavsBpNiALeTBX-Bdk46MsKUsw9i_ctr90x2VQVrEry3BZDqySqrevQ/s1600/TED+Banned+This+Billionaire+For+Exposing+Capitalism%E2%80%99s+Biggest+Lie.jpg
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWmwRDVs0Wi6iNsE3nsjji39YDSIaf3ZDy68X23O-NoEO8nmPhGLlf98uCGA4IheNLJTWQLcJJSsZ472z97yuerQavsBpNiALeTBX-Bdk46MsKUsw9i_ctr90x2VQVrEry3BZDqySqrevQ/s72-c/TED+Banned+This+Billionaire+For+Exposing+Capitalism%E2%80%99s+Biggest+Lie.jpg
Thinking Humanity
https://www.thinkinghumanity.com/2015/03/ted-banned-this-billionaire-for-exposing-capitalisms-biggest-lie.html
https://www.thinkinghumanity.com/
https://www.thinkinghumanity.com/
https://www.thinkinghumanity.com/2015/03/ted-banned-this-billionaire-for-exposing-capitalisms-biggest-lie.html
true
7064777598104498166
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy