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Civic Ventures

Pitchfork Economics with Nick Hanauer

This week, Nick and Goldy explore why the market alone can’t solve the U.S. housing crisis with Sandeep Vaheesan and Brian Callaci from the Open Markets Institute. The guests discuss their recent article in the Harvard Business Review, which explains how profit-driven private markets fail to address housing affordability, particularly for lower-income individuals. Their discussion underscores the drawbacks of deregulation and the need for strong antitrust enforcement, second-generation rent controls, enhanced tenant protections, and a public option for housing to ensure stability and affordability. Vaheesan and Callaci also stress the significance of understanding the interconnected issues of supply, demand, and the socioeconomic factors driving the crisis, arguing that without proactive governmental intervention the housing market cannot effectively meet the needs of those seeking affordable housing.

Sandeep Vaheesan is the legal director at the Open Markets Institute. He leads the institute’s legal advocacy and research on a range of anti-monopoly topics, including antitrust law’s role in structuring labor markets and promoting fair competition. Before working at the Open Markets Institute, he served as regulations counsel at the Consumer Financial Protection Bureau, where he helped develop rules on payday and title lending and debt collection practices. 

Brian Callaci is the chief economist at the Open Markets Institute. He researches and writes about market structure, antitrust law, and their relationship to worker and employer power. In addition to peer-reviewed academic research, he publishes articles in news outlets such as The Atlantic, Harvard Business Review, and The New Republic. Before working at the Open Markets Institute, he worked at the Strategic Organizing Center and Workers United/SEIU.

Social Media: 
Sandeep Vaheesan on Twitter: @sandeepvaheesan
Brian Callaci on Twitter: @brian_callaci

Open Markets Institute on BlueSky: @openmarkets.bsky.social
Open Markets Institute on Twitter: @openmarkets

Further reading: 

The Market Alone Can’t Fix the U.S. Housing Crisis

Zoning change: Upzonings, downzonings, and their impacts on residential construction,
housing costs, and neighborhood demographics

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

The Market Alone Can’t Fix the U.S. Housing Crisis (with Brian Callaci & Sandeep Vaheesan)

This week, Nick and Goldy interview a Pitchfork Economics first: a sitting President of the United States. President Joe Biden joins the podcast for a conversation about the transformative economic vision at the heart of his presidency. Biden shares how his groundbreaking middle-out economic policies—investing in workers, rebuilding infrastructure, and revitalizing American industries—are reshaping the economy and creating a legacy of shared prosperity. From empowering unions to creating good-paying jobs and boosting wages, the President underscores why a thriving middle class isn’t just the foundation of a strong economy—it’s the engine that drives it. This is an insightful discussion with the leader who has helped turn the page on five decades of failed economic theory, breaking the suffocating DC economic consensus in favor of prioritizing working Americans.

Joseph R. Biden is the 46th President of the United States. 

Social Media:
Facebook: Joe Biden
Instagram: joebiden
Threads: joebiden
Twitter: @JoeBiden

Further reading: 

President Biden in The American Prospect: From the Middle Out and Bottom Up

A New Economics Takes Hold

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

The Middle-Out President (with President Joe Biden)

This week, Dr. Abdul El-Sayed joins Nick and Goldy to discuss how the recent assassination of United Healthcare CEO Brian Thompson has thrown a harsh spotlight on the public's visceral anger toward our exploitative healthcare system. Dr. El-Sayed outlines the stark contrasts between the profit-driven U.S. healthcare system and those of other developed nations, arguing that we need a public option to alleviate the burdens of skyrocketing costs and access issues. Goldy also explains how the warnings from Nick’s viral POLITICO piece from 10 years ago, “The Pitchforks Are Coming For Us Plutocrats,” feel eerily prescient, as the public reaction to Thompson’s death was a mix of hailing the shooter as a hero, outrage, and people sharing their personal healthcare horror stories online. Is it possible that America’s healthcare system is having its own pitchforks moment?

Dr. Abdul El-Sayed is a physician, epidemiologist, and public servant whose work focuses on health equity, resiliency, and environmental justice. He is the host of America Dissected, Crooked Media’s podcast that explores the intersection of health and society with leading experts in science, public health, and policy. Abdul is also the author of Healing Politics and Medicare for All: A Citizen’s Guide, and he serves as a visiting scientist at Harvard’s FXB Center for Health & Human Rights, as well as a Scholar in Residence at Wayne State University and American University.

Social Media

BlueSky: @abdulelsayed.bsky.social
Instagram: abdulelsayed
Threads: abdulelsayed
Twitter: @AbdulElSayed

Further reading: 

America Dissected 

Healing Politics: A Doctor's Journey Into the Heart of Our Political Epidemic

Medicare for All: A Citizen's Guide 

Nick’s OpEd in POLITICO: The Pitchforks Are Coming… For Us Plutocrats

Nick’s Ted Talk: Beware, fellow plutocrats, the pitchforks are coming

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

Is America’s Healthcare System Having Its Own Pitchforks Moment? (with Dr. Abdul El-Sayed)

This week, Nick and Goldy discuss the future of AI and its potential impact on labor markets and society with MIT professor and economist David Autor. While many pundits predict that AI will bring economic misery to working Americans, Autor optimistically argues that AI could empower the middle class by augmenting human expertise, unlocking new solutions to complex problems, and enabling individuals with fewer formal skills to excel in areas requiring advanced knowledge. Professor Autor also underscores the need for targeted investments, labor market supports, and thoughtful regulations to ensure the benefits of AI are widely and equitably distributed rather than concentrated among a privileged few. It’s a fascinating discussion about the future of AI that tackles the pressing questions about its ethical deployment, the risks of monopolization, and the societal shifts required to harness it for the greater good.

David Autor is a labor economist and professor of economics at the Massachusetts Institute of Technology who studies how technological change and globalization affect workers. He is also co-director of the MIT Shaping the Future of Work Initiative and the National Bureau of Economic Research Labor Studies Program.

Social Media

Twitter: @davidautor

Further reading: 

NOEMA - AI Could Actually Help Rebuild The Middle Class
New York Times - How One Tech Skeptic Decided A.I. Might Benefit the Middle Class

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

How AI Could Help Rebuild The Middle Class (with David Autor)

With a second Trump administration on the horizon, we’re bracing for a return to the same failed trickle-down policies that have dominated our politics for 50 years—policies that enrich the wealthy few at the top while leaving everyone else behind. That’s why we’re resharing our 2022 conversation with Mark Blyth, a political economist who explains why trickle-down economics refuses to die and how it continues to shape our world. In this episode, Mark exposes the myths behind these harmful ideas and makes a compelling case for a new economic paradigm.

This episode originally aired on October 11, 2022.

Mark Blyth is a political economist, professor, author and the Director of the William R. Rhodes Center for International Economics and Finance at Brown University. He is the author of several influential books, including Austerity: The History of a Dangerous Idea and Angrynomics (co-authored with Eric Lonergan), and he’s the co-author of a forthcoming book, Inflation: A Guide for Users and Losers. 

﻿Further reading: 

Inflation: A Guide for Users and Losers

Angrynomics

Austerity: The History of a Dangerous Idea

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

Revisiting Trickle-Down's Stubborn Refusal to Die (with Mark Blyth)

This week, Nick and Goldy sit down with historian Gary Gerstle, author of The Rise and Fall of the Neoliberal Order, for an in-depth exploration of neoliberalism—its origins, dominance, and decline. Their conversation examines the shifting political landscape shaped by recent presidential administrations, including the Biden administration’s efforts to promote a more equitable “middle-out” economic framework. With a focus on historical context and the enduring power of neoliberal institutions, this episode offers a compelling analysis of the pathways to a new economic order and the critical role of innovative thinking in navigating today’s economic challenges.

Gary Gerstle is an author, historian, and scholar of American political and economic history. He is the Paul Mellon Professor of American History Emeritus at the University of Cambridge and a Professor Emeritus of History at Vanderbilt University.

Social Media:

@glgerstle

Further reading: 

1984 Super Bowl APPLE MACINTOSH Ad

The Rise and Fall of the Neoliberal Order: America and the World in the Free Market Era

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

The Rise and Fall of the Neoliberal Order (with Gary Gerstle)

This week, Paul and Goldy sit down with journalist Kurt Hackbarth to discuss the recent electoral success of Mexico's Morena party and their progressive economic agenda. The conversation explores how Morena’s focus on middle-out policies, such as significant minimum wage increases and sweeping social safety net programs and reforms, has lifted millions out of poverty and challenged decades of neoliberal orthodoxy. Hackbarth also highlights the effective communication strategies employed by Morena's leaders, particularly their innovative use of social media, and the importance of staying connected to the base while appealing to a broad spectrum of voters, offering insights into what U.S. Democrats can learn from Mexico's left-leaning Morena party.

Kurt Hackbarth is a writer, playwright, and freelance journalist who contributes to Jacobin Magazine and co-founded the independent media project “MexElects.” His writing often explores the complexities of global affairs and the impact of neoliberalism on society.

Social Media:
@KurtHackbarth

Further reading: 
Jacobin Magazine- Mexico’s Lessons for the International Left
Soberanía: The Mexican Politics Podcast

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

How Mexico’s Post-Neoliberal Policies Offer a Blueprint for U.S. Democrats (with Kurt Hackbarth)

With billionaires pouring unprecedented sums of money into politics, corporate interests shaping policy, and the revelation that Trump has appointed a record 13 billionaires to top administration roles in the wealthiest cabinet in American history, it's clear how much sway the ultra-wealthy hold over our democracy. So, we’re re-airing our 2021 conversation with Thom Hartmann, which offers timely insights into how the ultra-wealthy consolidate power, and how concentrated wealth undermines economic fairness and democratic governance.

Thom Hartmann is a New York Times bestselling author and America’s #1 progressive talk show host for over a decade. 

This episode originally aired on February 2, 2021.

Social Media:
Bluesky @hartmannreport.com
Twitter @Thom_Hartmann

Further reading: 
The Hidden History of American Oligarchy

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

The Rise of the Billionaire Oligarchy (with Thom Hartmann)

This week, Nick and Goldy are joined by journalist and historian Yoni Appelbaum to discuss his forthcoming book, Stuck: How the Privileged and the Propertied Broke the Engine of American Opportunity. They explore how decades of failed economic policies and zoning regulations have restricted mobility, stifled economic growth, and worsened inequality—revealing the historical roots of our current housing and economic inequality crises. Appelbaum argues that the decline in housing affordability isn't just a housing problem but a mobility problem, as many Americans are increasingly unable to afford to move to areas of the country where they can pursue better opportunities for themselves or their children.

Yoni Appelbaum is a deputy executive editor of The Atlantic and a social and cultural historian of the United States. Before joining The Atlantic, he was a lecturer on history and literature at Harvard University.

Social Media:

Bluesky @yappelbaum.bsky.social

Twitter @YAppelbaum

Further reading:

Stuck: How the Privileged and the Propertied Broke the Engine of American Opportunity.

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

How America Ceased to Be the Land of Opportunity (with Yoni Appelbaum)

Only a few weeks into his second term, Donald Trump and his billionaire buddies are doing their best to dismantle the federal government's regulatory agencies. So today, we're revisiting a compelling conversation we had in 2020 with journalist and podcast host Michael Hobbes about a piece he wrote in HuffPost titled "The Golden Age of White-Collar Crime." Initially reported against the backdrop of Trump’s first presidency and its alarming erosion of regulatory oversight, Hobbes breaks down the staggering prevalence of elite deviance—where the wealthy evade accountability for crimes that cause immense social harm—and also offers insight into why white-collar crime often goes unchecked. It’s a timely reminder of the consequences of allowing the ultra-wealthy to operate above the law.

This episode originally aired on March 10, 2020.

Michael Hobbes is a journalist, podcaster, and former senior reporter for HuffPost, known for his in-depth investigations into social issues, economics, and media narratives. He is the co-host of If Books Could Kill and Maintenance Phase, and previously co-hosted You're Wrong About, where he debunked cultural myths and misconceptions. Hobbes has also contributed to outlets like The New Republic, Pacific Standard and Slate covering topics ranging from housing policy to moral panics.

Social Media:

@michaelhobbes.bsky.social

Further reading: 

The Golden Age of White Collar Crime

Website: http://pitchforkeconomics.com
Instagram: @pitchforkeconomics
Threads: pitchforkeconomics
Bluesky: @pitchforkeconomics.bsky.social
Twitter: @PitchforkEcon, @NickHanauer, @civicaction
YouTube: @pitchforkeconomics
LinkedIn: Pitchfork Economics
Substack: The Pitch

The Gilded Age of White Collar Crime (with Michael Hobbes)

Over the last century, the velocity of money—the rate at which money changes hands through the economy—has declined. Today, money moves at one of the slowest rates on record, meaning every dollar today generates 70% less economic activity than a dollar did just ten years ago. That has big implications for our economy. Political economist Ann Pettifor joins Nick and Goldy to explain how the velocity of money is related to money creation, and why taxing the rich is ultimately pro-growth (it’s all related, we promise!). 

Ann Pettifor is a political economist, author, and public speaker, and the Director of PRIME (Policy Research in Macroeconomics). Her work focuses on the global financial system, sovereign debt restructuring, international finance, and sustainable development. She is the author of many books, including The Production of Money and The Case for the Green New Deal. 

Twitter: @AnnPettifor

Show us some love by leaving a rating or a review! RateThisPodcast.com/pitchforkeconomics 

Further reading: 
Want to expand the economy? Tax the rich! 
https://prospect.org/power/want-expand-economy-tax-rich/ 

A world awash in money: https://media.bain.com/Images/BAIN_REPORT_A_world_awash_in_money.pdf

What does money velocity tell us about low inflation in the U.S.? https://www.stlouisfed.org/on-the-economy/2014/september/what-does-money-velocity-tell-us-about-low-inflation-in-the-us 

Vultures are circling our fragile economy… https://www.annpettifor.com/2020/06/vultures-are-circling-our-fragile-economy/ 

Decades of empirical research finds no inverse correlation between top tax rates and growth: 

https://archive.org/stream/R42111TaxRatesandEconomicGrowth-crs/R42111%20Tax%20Rates%20and%20Economic%20Growth_djvu.txt

https://www.brookings.edu/wp-content/uploads/2016/06/09_Effects_Income_Tax_Changes_Economic_Growth_Gale_Samwick.pdf

http://eprints.lse.ac.uk/107919/1/Hope_economic_consequences_of_major_tax_cuts_published.pdf 

https://www.washingtonpost.com/posteverything/wp/2016/04/20/a-graphical-assault-on-supply-side-tax-cuts/ 

Website: http://pitchforkeconomics.com/
Twitter: @PitchforkEcon
Instagram: @pitchforkeconomics
Nick’s twitter: @NickHanauer

The velocity of money (with Ann Pettifor)

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