Nick Hanauer: The dirty secret of capitalism -- and a new way forward
尼克•哈纳尔: 资本主义的肮脏秘密——和一个未来的新方法
Nick Hanauer has become an important voice in the raging debate on inequality — and his provocative argument is aimed at his fellow plutocrats. Full bio
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of dollars in market value,
I'm in the top .01 percent of all earners.
我是所有收入者中收入最高的0.01%。
to share the secrets of our success,
have never been richer.
从来没有这么富有过。
of the economic pie every year?
than we were 30 years ago?
than we once did?
in which the economics profession
a little bit of a problem.
or raise wages for workers.
would be a terrible mistake,
always kills economic growth,
21 trillion dollars richer
以前多挣了21万亿美元
have grown 900 billion dollars poorer,
少挣了9000亿美元,
that has largely repeated itself
struggle to get by
in about 40 years,
that the only reasonable response
警告对于财政紧缩
of austerity and globalization
的唯一正确的反应
what we need to do.
as the dismal science,
because as much as it is taught today,
因为尽管今天我们学了很多,
of the dazzling mathematics.
of academics and practitioners
economic theory is dangerously wrong
是危险的错误
of rising inequality
of decades of bad economic theory.
的直接结果。
that made me so rich isn't just wrong,
富有的经济学理论不仅是错的,
that creates economic growth,
that promotes the public good,
that produces our prosperity,
that is neither just nor inclusive
既不公正也不包容的经济体,
of social cooperation
a modern society to thrive.
that it's become painfully obvious
that undergird neoliberal economic theory
的基本假设
through some of those mistaken assumptions
看看这些错误的假设
suggests prosperity actually comes from.
assumption number one is
的第一个假设是
an efficient equilibrium system,
in the economy, like wages, goes up,
比如工资上涨,
like jobs, must go down.
比如就业,必须下降。
our nation's first 15 dollar minimum wage,
15美元的最低工资标准,
over their precious equilibrium.
的平衡而惊慌失措。
of labor," they warned,
will lose their jobs.
doesn't kill jobs, it creates them;
而是创造就业机会;
required to pay restaurant workers enough
餐馆员工足够的工资时,
can afford to eat in restaurants,
is always equal to its value,
that if you earn 50,000 dollars a year
a thousand times as much value as you.
50 million dollars a year
who has run dozens of businesses:
几十家企业的人:
the power to negotiate,
have become less productive
have become more powerful.
in power between capital and labor
巨大的力量不平衡
became essentially
and by far the most pernicious,
as something called "homo economicus,"
that we are all perfectly selfish,
and relentlessly self-maximizing.
for your entire life,
当你有助于他人时
nice for somebody else,
was maximizing your own utility?
on a grenade to defend fellow soldiers,
去保护他的战友时,
their narrow self-interest?
这种说法可信吗?
moral intuition,
of neoliberal economics,
prosperity in it,
acts of selfishness
into prosperity and the common good.
selfish maximizers,
is the cause of our prosperity.
would be to slow economic growth
经济增长就会放缓,
of neoliberal economics,
的意识形态基石,
which has produced economic policies
in the top one percent
of growth over the last 40 years.
describes human beings
permission to be our best selves,
允许我们做最好的自己,
that this new economics
imagined or invented.
are being developed and refined
new research in economics,
and other disciplines.
does not yet have its own textbook
还没有自己的教科书
comes from goes something like this.
is an evolutionary system
and increasing amounts of consumer demand.
的正反馈循环而获得的。
by which we solve human problems,
through which the market selects
we become more prosperous.
我们变得更加繁荣。
of social and economic cooperation
the more highly specialized products
is correct, of course,
in how markets work,
between highly cooperative groups --
的群体之间的竞争——
competition between networks of firms,
a successful business knows
by including the talents of everyone
来建立一个合作的团队
than just a bunch of selfish jerks.
的混蛋好得多的策略。
more prosperous
just five rules of thumb.
are not jungles, they're gardens,
social technology ever invented
or democratic regulation,
more problems than they solve.
解决的问题更多的问题。
错误的,而且是倒退的,
is both wrong and backwards.
能够负担得起的奢侈。
in market economies.
is not merely to enrich shareholders.
in contemporary economic life
the only purpose of the corporation
执行主管的唯一责任是
of all stakeholders:
doesn't make you a capitalist,
upon cooperation at scale as ours,
大规模合作的经济体中,
as it is for society.
as unchangeable natural law,
and constructed narratives
and more sustainable economy,
I'm sure you get this question a lot.
我相信你经常会碰到这个问题。
with the economic system,
and join the 99 percent?
加入那99%的人呢?
why don't you pay more,
为什么不多付一些呢?
why don't you pay more?"
为什么不多付一点呢?”
a hundred thousand times better --
to build narratives and to pass laws
建立叙事并通过法律,
all the other rich people
that we cooked up
we'll find some takers for you.
Moderator: Thank you very much.
主持人:非常感谢。
ABOUT THE SPEAKER
Nick Hanauer - Venture capitalist, authorNick Hanauer has become an important voice in the raging debate on inequality — and his provocative argument is aimed at his fellow plutocrats.
Why you should listen
Nick Hanauer has founded, co-founded and funded more than 30 companies across a range of industries, with a pretty notable record of success. As a few highlights, he cofounded a company called aQuantive that sold to Microsoft for $6.4 billion, and was the first non-family investor in Amazon.
Meanwhile Hanauer, a “proud and unapologetic capitalist,” has also been looking closely at society’s growing inequality gap, and the consequences it holds for our shared destiny — and the ultimate fate of our democracies. In 2007, he and civic activist Eric Liu co-wrote the book The True Patriot, an examination of progressive patriotism. This was followed by 2011’s The Gardens of Democracy, also with Liu, a vision for “growing” good citizens.
In 2013, Hanauer published a commentary in Bloomberg BusinessWeek proposing a $15 minimum wage (a suggestion that Seattle acted on this year). Early in 2014, he and Eric Beinhocker published "Capitalism, Redefined." In the summer of 2014, Hanauer published a much-shared essay in Politico that suggests, if societal inequality is allowed to grow unchecked, modern societies could start looking an awful lot like pre-Revolutionary France.
He is working on a new book, due out in 2015.
Nick Hanauer | Speaker | TED.com