
Pitchfork Economics with Nick Hanauer
Why Democracy Needs a New Operating System (with K. Sabeel Rahman)
May 6, 2025
K. Sabeel Rahman, a legal scholar and former advisor in the Biden administration, joins to discuss the urgent need for a new approach to democracy. They dive into the repercussions of trickle-down economics and the failures of past governance. Rahman emphasizes that simply restoring old systems won't suffice; instead, we need innovative reforms to ensure government serves the people effectively. They explore how corporate interests have threatened democracy and advocate for structural changes that prioritize community needs and equity.
44:39
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Quick takeaways
- The podcast emphasizes the failure of trickle-down economics, advocating for a shift to middle-out economics that empowers the middle class.
- K. Sabeel Rahman discusses the need for a restructured democracy that evolves government practices to better serve contemporary societal needs.
Deep dives
Challenging the Economic Paradigm
The podcast discusses the failures of trickle-down economics over the past fifty years, emphasizing that this approach has exacerbated inequality and political instability. Instead, it advocates for middle-out economics, which posits that the middle class is the true engine of economic growth. This paradigm shift aims to center economic policy around strengthening the middle class rather than prioritizing corporate profits, which has led to government inefficiencies. By focusing on the needs and security of the middle class, the discussion highlights the potential for a more equitable and sustainable economic model.
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