Venture Capitalist Nick Hanauer Dismantles the Trickle Down Myth – Laura Flanders

Posted by Laura Flanders | May 16, 2016 | Laura Flanders Show, Politics | 0 |

“A thriving middle class is the source of growth in a technological capitalist economy not an effect of it. Not a consequence of it. Which means that raising the minimum wage isn’t bad for capitalism, even though it may inconvenience a few capitalists in particular, it’s indispensable to capitalism.” – Nick Hanauer, Venture Capitalist and Author

About The Author

Laura Flanders

Best-selling author and broadcaster Laura Flanders hosts the The Laura Flanders Show, where she interviews forward thinking people about the key questions of our time. The LF Show airs weekly on KCET/LinkTV, FreeSpeech TV, and in English & Spanish in teleSUR. Flanders is also a contributing writer to The Nation and Yes! Magazine (“Commonomics”) and a regular guest on MSNBC. She is the author of six books, including The New York Times best-seller, BUSHWOMEN: Tales of a Cynical Species (Verso, 2004) and Blue GRIT: True Democrats Take Back Politics from the Politicians (Penguin Press, 2007). The Laura Flanders Show first aired on Air America Radio 2004-2008. You can find all her archives and more at Lauraflanders.com or via Twitter @GRITlaura.