Among other things said by TED speaker, venture capitalist and billionaire Nick Hanauer in a TED talk. It’s a talk that (a) turns the idea of rich people creating jobs on its head, and (b) TED itself termed “too politically controversial” to post on its video site. TED espouses spreading ideas, however. Off-the-beaten-path and credibly defended positions like Hanauer’s would seem ideal fodder for TED.
Hanauer has said:
“We’ve had it backward for the last 30 years. Rich businesspeople like me don’t create jobs. Middle-class consumers do, and when they thrive, U.S. businesses grow and profit. That’s why taxing the rich to pay for investments that benefit all is a great deal for both the middle class and the rich.”
Hanauer reportedly further noted in an email:
“I got a sensational reaction to the talk at the conference itself, including a big standing ovation. Even the people who I spoke to who disagreed were intrigued and moved by the eco-systemic argument,” … “And many of the talks at the conference and on the TED website are similarly controversial. That’s what makes them interesting.”
“Further, if it was too political, why have me do it in the first place? They knew months in advance what I would speak about and I gave the talk word for word. My arguments threaten an economic orthodoxy and political structure that many powerful people have a huge stake in defending. They will not go easily.”