The dirty secret of capitalism and a new way forward

The dirty secret of capitalism – and a new way forward.

Rising inequality and growing political instability are the direct result of decades of bad economic theory, says entrepreneur Nick Hanauer. In a visionary talk, he dismantles the mantra that “greed is good” — an idea he describes as not only morally corrosive, but also scientifically wrong — and lays out a new theory of economics powered by reciprocity and cooperation.

This talk was presented at an official TED conference, and was featured by our editors on the home page.

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