Unlike the laws of physics, the laws of economics are a choice
In this TED Talk, “The Dirty Secret of Capitalism,” Nick Hanauer challenges the foundational ideas of modern economics. He argues that for the last four decades, our society has been guided by neoliberalism. Neoliberalism is the belief that greed is a moral good, markets are perfectly self-regulating machines, and helping the wealthy is the only way to help everyone else.
