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The Next Big Idea Daily

How to Build a Just Economy

Feb 15, 2024
12:43
Snipd AI
Nick Romeo, a writer for The New Yorker, shares his insights on economic policies and ideas. He covers topics such as worker ownership plans, gig economy reform, job guarantees, climate budgeting, and participatory budgeting in Oslo and Kashkash.
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Podcast summary created with Snipd AI

Quick takeaways

  • Ignoring externalities in pricing leads to human suffering and environmental collapse.
  • Worker ownership plans can contribute to a strong middle class and increase retirement savings.

Deep dives

Externalities and True Cost Accounting

Ignoring externalities in the pricing of goods and services leads to great human suffering and environmental collapse. True cost accounting methods and the true price movement provide consumers and policymakers with crucial information to make informed choices that would motivate businesses to decrease externalities and compel policymakers to do the same.

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