This week, we’re sharing a special episode from Washington Monthly featuring Pitchfork Economics co-host Nick Hanauer and Oxford professor Eric Beinhocker in conversation with Anne Kim about Market Humanism.
For decades, American capitalism has been organized around efficiency, shareholder value, and the idea that prosperity naturally trickles down from the top. But as Nick and Eric explain, that story has failed on its own terms: inequality has exploded, workers have been squeezed, and democracy itself has become more fragile.
In this conversation, they make the case for a new economic paradigm they call market humanism: the idea that markets should be built to solve human problems, strengthen democracy, and improve people’s lives—not simply maximize returns for owners of capital.
If we want an economy that actually works, the question can’t be “How do we make markets more efficient for the wealthy?” It has to be: “How do we build markets that help people flourish?”
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