Pitchfork Economics with Nick Hanauer cover image

Pitchfork Economics with Nick Hanauer

The economics of belonging (with john a. powell)

Oct 17, 2023
John a. powell, the Director of the Othering & Belonging Institute, discusses the importance of belonging in creating a healthy community and a thriving economy. Topics include the concentration of power, fear's influence on political discourse, targeted universalism, flaws in neoclassical economics, and the impact of income loss and othering.
48:24

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

  • Belonging is crucial for a healthy community and economy, emphasizing co-creating a society where everyone counts.
  • Targeted universalism enables true economic inclusion by setting universal goals and addressing specific needs and challenges of marginalized groups.

Deep dives

The Importance of Belonging and Inclusion in Society and Economy

John A. Powell, director of the Othering and Belonging Institute, discusses the concept of belonging and its significance for creating a healthy community and a thriving economy. He highlights the difference between inclusion and belonging, emphasizing that belonging is about co-creating a society where everyone counts. Powell argues that our current economic system, driven by neoliberalism and concentrated power, hinders belonging and perpetuates racial resentment. He proposes targeted universalism as an approach to address inequalities and ensure that everyone has access to the universal goals of economic security, healthcare, and education. Ultimately, Powell believes that belonging should be the foundation of a democratic and inclusive society.

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