In an exceptionally clear presentation, 1%’r and zillionaire Nick Hanauer explains in his TED Presentation, “Beware Fellow Plutocrats, the Pitchforks are Coming” why practicing paneugenesis or using selfish, selfless, synergy creates better. He uses the idea of how a $15 minimum wage will benefit all in contrast to currently poplar idea of trickle down economics.
In a previous conversation with colleagues and friends I had mentioned, to their disbelief that I thought President Reagan had many policies as president that hurt many of us. Of the many things he did to hurt us was to get people to believe the blatantly false claim that “Trickle Down” economics helps everyone, that is if the rich make more money, everyone does better. Mr. Hanauer explains how this is NOT TRUE and why, I encourage you to listen to his perspective.
Although I loved his presentation and his powerful and important message, it would have been even better if he had also included the idea of being good environmental steward or doing what is right for the environment. After all, we must always remember, our economy will always be a subset of our ecology. Without a prosperous ecology, we will not have an economy. Below is Mr. Hanauer’s TED Presentation and also a clip of an interview with Andrew McKeon where using the Deming’s idea of Profound Knowledge he explains interplay and dependence of our economy on our ecology or environment. Enjoy!