We are living through a paradigm shift from trickle-down neoliberalism to middle-out economics — a new understanding of who gets what and why. Join zillionaire ...
How Big Oil Rigged the System and Stuck You With the Bill (with Faiz Shakir)
This week, Nick And Goldy are joined by Faiz Shakir, Executive Director of A More Perfect Union, to discuss the shocking revelation of an international oil price-fixing conspiracy. Their conversation explores how the collusion between American oil companies and the foreign nations that make up OPEC significantly contributed to inflation, costing American families between $500 and $1,000 annually. Shakir explains how the Federal Trade Commission uncovered this conspiracy and highlights the urgent need for increased regulatory oversight and harsher penalties to protect consumers from corporate malpractice.
Faiz Shakir is the Executive Director of the nonprofit education, advocacy, and journalism organization, More Perfect Union, and former campaign manager of Senator Bernie Sanders’ 2020 Presidential Campaign. Prior to his work with Senator Sanders, Shakir held various leadership positions within the Democratic Party and progressive organizations, working to advance social and economic justice issues.
Social Media:
@faiz.bsky.social
@fshakir
@perfectunion
@moreperfectunion.bsky.social
@MorePerfectUS
Further reading:
An Oil Price-Fixing Conspiracy Caused 27% of All Inflation Increases in 2021
A 2024 Timeline of Big Oil Greed
House Democrats investigate whether Big Oil colluded with OPEC to inflate gas prices
The Truth Behind the Latest Oil Price-Fixing Scandal
Gas Price Fixing Scandal Grows as Another US Oil Exec 'Caught Colluding With OPEC'
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36:43
The Guarantee (with Natalie Foster)
This week, Natalie Foster, co-founder of the Economic Security Project, joins Nick and Goldy to discuss her book The Guarantee: Inside the Fight for America's Next Economy. Foster argues that as the world’s wealthiest nation, the U.S. can ensure a basic economic floor for all by guaranteeing essentials like housing, healthcare, higher education, family care, good jobs, and income, regardless of race, religion, or location. Foster explains how giving people money might just be the key to growing the economy for everyone. Their wide-ranging conversation covers topics including the wealth gap, housing affordability, baby bonds, and the political dynamics surrounding guarantee programs.
Natalie Foster is the president and co-founder of the Economic Security Project and author of the book The Guarantee: Inside the Fight for America’s Next Economy. Natalie previously founded the sharing economy community Peers, and co-founded Rebuild the Dream, and served as Digital Director for President Obama’s Organizing for America.
Twitter: @nataliefoster
Further reading:
The Guarantee: Inside the Fight for America’s Next Economy
Website: http://pitchforkeconomics.com
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
Instagram: @pitchforkeconomics
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Substack: The Pitch
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38:49
Revisiting How to Stand Up for Voting Rights (with Andrea Hailey)
Voting is the cornerstone of a functioning democracy, yet access to the ballot is increasingly under threat in America. No matter who wins the Presidential race, it should be a priority to strengthen and expand accessible and secure voting. This election day, we’re revisiting a conversation we had in 2021 with Andrea Hailey, CEO of Vote.org, where we unpack the ongoing fight for voting rights and discuss how restrictive policies disproportionately impact marginalized communities. Hailey shares insights into the tools and strategies we can all use to ensure that every American has an equal voice at the polls. She also explains why voting access matters more than ever and how we can stand up for democracy by defending the right to vote.
This episode originally aired on October 21, 2021.
Andrea Hailey is the CEO of Vote.org, the nation’s largest nonpartisan digital voter engagement organization.
Twitter: @votedotorg
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Twitter: @PitchforkEcon, @NickHanauer, @civicaction
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Substack: The Pitch
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34:36
Project 2025 is All Trick, No Treat (with Peggy Bailey)
As Election Day approaches, Peggy Bailey from the Center on Budget and Policy Priorities joins Paul and Goldy to discuss the devastating potential effects of the House Republican agenda and the Heritage Foundation’s Project 2025. The proposals, supported by candidates who will be on your ballot this November, include a wholesale dismantling of federal government programs, cutting benefits, shifting costs to states, and penalizing working families in order to slash taxes for the rich. Bailey reveals the massive economic disinvestment and inherent racism and discrimination in the trickle-down agenda of Project 2025 and the House Republican agenda, even as she emphasizes the need for the federal government to revitalize the economy from the bottom up with investments in those who have been marginalized.
Peggy Bailey is the Executive Vice President of Policy and Program Development at the Center on Budget and Policy Priorities. She previously served in the Biden-Harris Administration as the Senior Advisor on Rental Assistance to HUD Secretary Marcia L. Fudge. She also served as the Director of Health and Housing Integration for the Corporation for Supportive Housing, where she focused on Medicaid expansion and finding sustainable funding sources for the services that people with histories of homelessness and chronic health conditions need to maintain their housing.
Twitter: @PeggyBaileyDC @CenterOnBudget
Further reading:
Report from the Center on Budget & Policy Priorities: House Republican Agendas and Project 2025 Would Increase Poverty and Hardship, Drive Up the Uninsured Rate, and Disinvest From People, Communities, and the Economy
Stop Project 2025 Comic Book
Website: http://pitchforkeconomics.com
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
Instagram: @pitchforkeconomics
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YouTube: @pitchforkeconomics
Substack: The Pitch
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40:59
Acemoglu on Automation: The Nobel Laureate Vs. the Robots (with Daron Acemoglu)
Since Daron Acemoglu just won the 2024 Nobel Memorial Prize in Economic Sciences alongside MIT Sloan professor Simon Johnson and University of Chicago professor James Robinson, we’re revisiting this powerful episode featuring Acemoglu’s insights from 2023. In his groundbreaking book Power and Progress, Acemoglu exposes how the elite have weaponized technology to tighten their grip on wealth and influence, and explains how we can ensure that technological progress works for everyone, not just the wealthy few.
This episode originally aired on August 22, 2023.
Daron Acemoglu is the Institute Professor of Economics at MIT, the university’s highest faculty honor, and a 2024 Nobel laureate. For the last twenty-five years, he has been researching the historical origins of prosperity, poverty, and the effects of new technologies on economic growth, employment, and inequality. He is an author (with James Robinson) of The Narrow Corridor and the New York Times bestseller Why Nations Fail.
Twitter: @NarrowCorridor
Further reading:
Trio of professors win Nobel economics prize for work on post-colonial wealth
Democracy is in a ‘tough stretch.’ New Nobel winners explain how to strengthen it
Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity
The Narrow Corridor: States, Societies, and the Fate of Liberty
Website: http://pitchforkeconomics.com
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
YouTube: @pitchforkeconomics
Substack: The Pitch
We are living through a paradigm shift from trickle-down neoliberalism to middle-out economics — a new understanding of who gets what and why. Join zillionaire class-traitor Nick Hanauer and some of the world’s leading economic and political thinkers as they explore the latest thinking on how the economy actually works.