Transcript
A (0:02)
The rising inequality and growing political instability that we see today are the direct result of decades of bad economic theory.
B (0:10)
The last five decades of trickle down economics haven't worked. But what's the alternative?
A (0:16)
Middle out economics is the answer.
B (0:18)
Because the middle class is the source of growth, not its consequence.
A (0:23)
That's right.
C (0:29)
This is Pitchfork Economics with Nick Hanauer.
B (0:32)
A podcast about how to build the.
C (0:34)
Economy from the middle out. Welcome to the show.
B (0:42)
One of our first guests on Pitchfork Economics, Nick, was the physicist Cesar Hidalgo. And he made this statement, I know you've repeated it in the past, that the original sin of economics is that it starts with trade.
A (0:59)
Yeah.
B (1:01)
When in fact, what we need to start with are the things that we trade, the things we make. And of course, we don't make those things without workers.
A (1:11)
Yeah.
B (1:12)
So it's really hard to talk about trade, international trade, without considering the rights and conditions and wages of. Of those workers making the things we're importing and exporting.
A (1:31)
And yet you say that, but we have kind of ignored it.
B (1:35)
That's right. It's often missing from the conversation.
A (1:39)
Weird. That's so weird. Yeah. We talk a lot about protecting intellectual property. We talk a lot about protecting capital. We don't talk a lot about protecting workers. But today we get to talk to one of the nation's experts on sort of international labor protections, our old friend Thea Lee, who has been kind of at the forefront of a lot of these conversations for a super long time. She's an economist and longtime advocate of pro worker trade policy, served as the Deputy Undersecretary for International affairs at the U.S. department of labor, and just been working on this stuff forever. And given how relevant trade is in the current moment, we thought it'd be fun to talk to her about what she thinks about what's going on and what we might do as a country if the craziness ever passes, to secure international labor rights a little bit better. And by doing that, helping American workers too.
