Nick Hanauer: The dirty secret of capitalism -- and a new way forward

Nick Hanauer: The dirty secret of capitalism -- and a new way forward

Assessment

Interactive Video

Business, Social Studies

11th Grade - University

Hard

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The video discusses the flaws of neoliberal economics, highlighting how it has led to increased inequality and economic instability. It argues that neoliberal assumptions, such as market equilibrium and self-interest, are incorrect and calls for a new economic model based on cooperation and inclusivity. The speaker emphasizes that economic laws are choices, not natural laws, and advocates for policies that promote social welfare and equitable growth.

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4 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the five rules of thumb suggested for building a more equitable society?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker propose to change the narrative around economic policies?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What role does cooperation play in the new economic model proposed by the speaker?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

In what ways does the speaker believe the current economic system fails to serve the majority?

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