Friday, September 26, 2014

Nick Hanauer and Pavlina Tcherneva Explain it All

If you have not yet watched billionaire Nick Hanauer's TED Talk on why the pitchforks are coming, you can view it here, or read the transcript here.

If the twenty minute talk is too long for you, see Pavlina Tcherneva's charts showing income gains during economic expansion. It's the picture that is worth a thousand words.

I have often felt that essays on economic matters explained mechanics without illuminating the dynamics. The two items above provided the 'ah-ha' moments that had been lacking.

Without a vision, the people perish. Hanauer and Tcherneva are eyewash: you'll exit with clear vision.

1 comment:

GoldiBear said...

I enjoy the way you think, and admire the way you express yourself. This is definitely a clear portrayal of the dynamics of financial disenfranchisement.

The problem is - what to do to change the trends? Warren Buffet has admitted with empathy and some chagrin that "We (the 1%) have already won the class war".

Until recently, I didn't even know we were fighting. No wonder they won. What now?