July 16, 201400:30:35

Destructive Economics 101

Disappearing middle class, Minimum wage, Income inequality… Are these factors destroying America as an economic power? Nick Hanauer has made a ton of money from a capitalistic society that is now under attack… he is an entrepreneur, venture capitalist, author and civic activist who gets Out Loud real quick!

“I’m all about some economic inequality, I think it’s fabulous… but runaway economic inequality is a catastrophe for capitalism, because it really represents a death spiral of falling demand,” says Nick Hanauer.

No transcript available.