Pitchfork Economics with Nick Hanauer Why the Economy Feels Rigged—and How to Fix It (with Senator Chris Murphy)
7 snips
Feb 18, 2025 
Senator Chris Murphy, the junior U.S. Senator from Connecticut, joins for an insightful discussion on the failures of neoliberalism and the future of the Democratic Party. He critiques how decades of free trade and deregulation have led to stagnating wages and soaring inequality. Murphy highlights Biden's shift toward industrial policy as a positive change and argues for unrigging the economic system. He emphasizes a need for a new narrative focused on community empowerment rather than merely handing out subsidies.
AI Snips
Chapters
Transcript
Episode notes
Neoliberalism's Failure
- Neoliberal policies, like unfettered global trade and deregulation, haven't benefited American workers as promised.
- This has led to job losses, stagnant wages, and a sense of meaninglessness.
New Britain's Decline
- Chris Murphy's family history in New Britain, Connecticut, illustrates the decline of manufacturing jobs.
- The city, once thriving, now faces economic hardship and resentment.
Shifting from Neoliberalism
- Joe Biden has shifted the Democratic Party away from neoliberalism, embracing industrial policy and antitrust measures.
- However, this shift is slow, and there's still internal debate about the role of markets.