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Civic Ventures

Pitchfork Economics with Nick Hanauer

In the fifth episode of our series on trade, journalist and author Luke Savage joins Pitchfork Economics Producer Freddy Doss to unpack how decades of “free trade” between the U.S. and Canada have reshaped both economies—entrenching corporate power, hollowing out manufacturing, and weakening democratic control over economic policy. Savage traces how policies sold as mutually beneficial instead fueled inequality and deindustrialization—eroding the livelihoods of working people. He argues for a new kind of trade built to serve the interests of workers and communities, not multinational corporations. 

Luke Savage is a Canadian journalist, author, and political commentator whose work examines the failures of liberalism and the possibilities of democracy. A staff writer at Jacobin and co-host of the podcast Michael and Us, Savage has written for The Atlantic, The Guardian, The Washington Post, and The New Statesman. He is the author of The Dead Center: Reflections on Liberalism and Democracy After the End of History and co-author of Seeking Social Democracy with the late Ed Broadbent. 

Social Media:

@lukewsavage.bsky.social

@LukewSavage

Lukewsavage

Further reading: 

Luke Savage | Substack

The Dead Center: Reflections on Liberalism and Democracy After the End of History

Seeking Social Democracy: Seven Decades in the Fight for Equality

Website: http://pitchforkeconomics.com

Instagram: @pitchforkeconomics

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Bluesky: @pitchforkeconomics.bsky.social

TikTok: @pitchfork_econ

Twitter: @PitchforkEcon, @NickHanauer, @civicaction

YouTube: @pitchforkeconomics

LinkedIn: Pitchfork Economics

Substack: ⁠The Pitch⁠

North of the Border: A Canadian Perspective on the Free Trade Era (with Luke Savage)

What if global trade isn’t really a fight between nations—but between classes? In the fourth episode of our Trade series, Nick and Goldy talk with economist and writer Matthew C. Klein, co-author of Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace. Klein argues that the real story behind trade imbalances isn’t about countries “winning” or “losing”—it’s about how elites hoard profits while workers everywhere pay the price. From China’s suppressed wages to Wall Street’s endless appetite for financial assets, this conversation exposes how the true conflict in trade is between labor and capital—and what it would take to build a more equitable global economy.

Matthew Klein is an economist, writer, and co-author of Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace. He writes The Overshoot, a publication focused on global economics and financial markets, and his work has appeared in the Financial Times, Barron’s, and The Economist.

Social Media:

@M_C_Klein

Further reading: 

Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace

THE OVERSHOOT: Making sense of the global economy and financial markets

Website: http://pitchforkeconomics.com

Instagram: @pitchforkeconomics

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TikTok: @pitchfork_econ

Twitter: @PitchforkEcon, @NickHanauer, @civicaction

YouTube: @pitchforkeconomics

LinkedIn: Pitchfork Economics

Substack: ⁠The Pitch⁠

Trade Wars Are Class Wars (with Matthew C. Klein)

Tariffs won’t save America’s economy—but knowledge might. In the third episode of our Trade series, Nick and Goldy sit down with physicist César Hidalgo to explore how prosperity really grows—not through tariffs or trickle-down promises, but through the accumulation of knowledge and know-how. Hidalgo explains why digital exports don’t show up in trade data, why tariffs fail, and why the future belongs to countries that invest in research, strategy, and human talent.

César Hidalgo is the director of the Center for Collective Learning, with offices at the Toulouse School of Economics and Corvinus University of Budapest. A physicist by training, he is also the founder of Datawheel, a company specializing in data visualization and distribution systems. Hidalgo is the author of Why Information Grows, a groundbreaking book on the relationship between knowledge, innovation, and economic prosperity, and his forthcoming book, The Infinite Alphabet and the Laws of Knowledge, explores the dynamics of how knowledge evolves and diffuses globally.

Social Media:

@cesifoti.bsky.social 

@cesifoti

Further reading: 

Why Information Grows: The Evolution of Order, from Atoms to Economies

The Infinite Alphabet and the Laws of Knowledge

Website: http://pitchforkeconomics.com

Instagram: @pitchforkeconomics

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Twitter: @PitchforkEcon, @NickHanauer, @civicaction

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Substack: ⁠The Pitch⁠

You Can't Tariff Knowledge (with César Hidalgo)

In the second episode of our Trade series, Nick and Goldy talk with author Nat Dyer about his book Ricardo’s Dream: How Economists Forgot the Real World and Led Us Astray. Dyer reveals how David Ricardo’s famous theory of comparative advantage—long touted as proof that free trade is always a win-win—was built on unrealistic assumptions and a false history.

They trace how this elegant but misleading model fueled globalization, masked exploitation, and locked nations into centuries of stagnation. From Trump’s tariff tantrums to Biden’s “small yard, high fence” strategy, their conversation challenges the myths of free trade and asks: when does trade strengthen societies, and when does it doom them to decline?

Nat Dyer is a writer and researcher specializing in global political economy and author of the book Ricardo's Dream: How Economists Forgot the Real World and Led Us Astray. He is a Fellow of the Schumacher Institute and the Royal Society of Arts. He has worked for Global Witness and for Promoting Economic Pluralism, and his stories have been reported on by the BBC, the New York Times, and Bloomberg.

Social Media:

@natjdyer.bsky.social

@natjdyer

Further reading: 

Ricardo's Dream: How Economists Forgot the Real World and Led Us Astray

Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do about It

Website: http://pitchforkeconomics.com

Instagram: @pitchforkeconomics

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Twitter: @PitchforkEcon, @NickHanauer, @civicaction

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LinkedIn: Pitchfork Economics

Substack: ⁠The Pitch⁠

How Economists Forgot the Real World and Led Us Astray (with Nat Dyer)

In this kickoff to our special series on trade, Nick and Goldy unpack why trade policy isn’t just about tariffs and treaties—it’s about people, power, and priorities. For decades, the prevailing narrative has been that trade benefits everyone by lowering prices. But the real question is: who does it help, and who does it hurt? From the false promises of globalization to the overlooked damage in hollowed-out communities, this episode sets the stage for exploring a fresh way to think about trade—one grounded in power dynamics, democratic values, and middle-out economics.

David Autor is a labor economist and professor of economics at the Massachusetts Institute of Technology who studies how technological change and globalization affect workers. He is also co-director of the MIT Shaping the Future of Work Initiative and the National Bureau of Economic Research Labor Studies Program.

Marc-William Palen is a historian and senior lecturer at the University of Exeter, specializing in the history of international relations, U.S. foreign policy, and political economy. He is the author of Pax Economica: Left-Wing Visions of a Free Trade World. 

Social Media: 

@davidautor.bsky.social

@davidautor

@mwpalen.bsky.social

@MWPalen

Further reading: 

Places versus People: The Ins and Outs of Labor Market Adjustment to Globalization

Pax Economica: Left-Wing Visions of a Free Trade World

Recovering the Left-Wing Free Trade Tradition 

Website: http://pitchforkeconomics.com

Instagram: @pitchforkeconomics

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Bluesky: @pitchforkeconomics.bsky.social

Twitter: @PitchforkEcon, @NickHanauer, @civicaction

YouTube: @pitchforkeconomics

LinkedIn: Pitchfork Economics

Substack: ⁠The Pitch⁠

Trade Wars, Class Wars & Globalization: Unpacking The Truth About Trade (featuring David Autor & Marc Palen)

Political economist Mark Blyth joins Nick and Goldy to unpack the myths and realities of rising prices, from pandemic supply shocks and corporate profiteering to central-bank missteps and decades of bad economic theory. Drawing from his new book Inflation: A Guide for Users and Losers, Blyth explains why some narratives fall flat, why others reveal deeper truths about power and inequality, and what smarter, more equitable policies could look like in the future.

Mark Blyth is a political economist and professor of International and Public Affairs at Brown University, where he studies the political power of economic ideas. He is the author of several acclaimed books, including Austerity: The History of a Dangerous Idea and Angrynomics, and most recently Inflation: A Guide for Users and Losers.

Social Media:

@mkblyth.bsky.social

@MkBlyt

Further reading: 

Inflation: A Guide for Users and Losers

Website: http://pitchforkeconomics.com

Instagram: @pitchforkeconomics

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Bluesky: @pitchforkeconomics.bsky.social

Twitter: @PitchforkEcon, @NickHanauer, @civicaction

YouTube: @pitchforkeconomics

LinkedIn: Pitchfork Economics

Substack: ⁠The Pitch⁠

Inflation: A Guide for Users and Losers (with Mark Blyth)

What if the relentless drive to maximize personal gain isn't human nature, but just a flawed model we built? In this Back-to-Basics episode, behavioral economist Samuel Bowles helps us lay homo economicus—the myth of the perfectly rational, self-interested actor—six feet under. He shows how this caricature not only misrepresents human behavior, but underpins an economic system that ignores cooperation, community, and ethics. If we're hoping to reclaim our society from greed-driven oligarchs and neoliberal policy, we need a better model—which starts with recognizing that humans are more than economic robots.

Samuel Bowles is an economist and Professor Emeritus at the University of Massachusetts Amherst, currently serving as Research Professor and Director of the Behavioral Sciences Program at the Santa Fe Institute. He is also the author of The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens. 

This episode originally aired May 7, 2019.

Further reading: 

The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens

Website: http://pitchforkeconomics.com

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Substack: ⁠The Pitch⁠

Back to Basics Series: Homo Economicus Must Die (with Samuel Bowles)

The promise of the American Dream—work hard, play by the rules, and you’ll get ahead—is unraveling before our eyes.

In this Back-to-Basics episode, Christian H. Cooper and law professor Khiara Bridges join Nick and Goldy to posit whether economic mobility has ever truly existed, or if the system was rigged from the start. As wages stagnate, homeownership drifts out of reach, and inequality worsens, their conversation exposes how the American Dream has always been selectively granted and systematically denied.

Amid today’s debates over “competitiveness” and “opportunity,” this episode is a reminder: the American Dream didn’t disappear by accident—it’s been taken. Understanding how is the first step toward winning it back.

Christian Cooper is a derivatives trader, quantitative finance author, and commentator based in New York City. He directs Banking for a New Beginning, a collaboration between the Aspen Institute and the U.S. Department of State that connects central banks in emerging markets—such as Turkey, Tunisia, and Pakistan—with best practices to strengthen their financial systems

Khiara M. Bridges is an anthropologist and professor of law at UC Berkeley School of Law, specializing in race, class, reproductive rights, and constitutional law. She is the author of The Poverty of Privacy Rights. 

Social Media:

@christiancooper

Further reading: 

The Poverty of Privacy Rights

Website: http://pitchforkeconomics.com

Instagram: @pitchforkeconomics

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TikTok: @pitchfork_econ

Twitter: @PitchforkEcon, @NickHanauer, @civicaction

YouTube: @pitchforkeconomics

LinkedIn: Pitchfork Economics

Substack: ⁠The Pitch⁠

Back to Basics Series: Is the American Dream a Lie? (with Christian Cooper and Khiara Bridges)

When a few giants dominate the economy, democracy is the first to go. In this back-to-basics episode, author and anti-monopoly expert Matt Stoller unpacks how concentrated corporate power doesn’t just warp markets—it tilts the political playing field toward plutocracy. Drawing from his book Goliath, Stoller shows how corporate giants from banks to Big Tech leverage economic dominance into political control, fueling authoritarianism and undermining citizen power.

This is more than an economics lesson—it’s a warning, and one that we must hear, now more than ever. Political power isn’t confined to ballots and policy. It lives in company boardrooms and consolidated industries. Understanding how monopolies operate is the first step toward reclaiming American democracy.

Matt Stoller is the Director of Research at the American Economic Liberties Project, where he focuses on monopoly power and antitrust policy. He is co-host of the Organized Money Podcast, and the author of Goliath: The 100-Year War Between Monopoly Power and Democracy, a history of how concentrated corporate power undermines democratic governance.

This episode originally aired December 3, 2019.

Social Media:

@matthewstoller

‪@matthewstoller.bsky.social‬

Further reading: 

Goliath: The 100-Year War Between Monopoly Power and Democracy

Website: http://pitchforkeconomics.com

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YouTube: @pitchforkeconomics

LinkedIn: Pitchfork Economics

Substack: ⁠The Pitch⁠

Back to Basics Series: How Monopolies Feed Plutocracy (with Matt Stoller)

We’ve all heard the story: In a fair market, workers are paid exactly what they’re worth. Economists even have a name for it—marginal productivity theory. It’s neat, simple…and completely wrong.

In this Back-to-Basics episode, economist Marshall Steinbaum and labor leader Saru Jayaraman dismantle the myth that the market fairly rewards labor. Steinbaum reveals how this theory has been weaponized to excuse wage stagnation, justify corporate power, and erode worker bargaining rights. Jayaraman shows what that looks like in the real world, from restaurant workers stuck at subminimum wages to entire industries built on underpaying the people who keep them running.

They make the case that your paycheck isn’t determined by some neutral law of economics—it’s the result of choices, policies, and power dynamics that can be rewritten to ensure everyone is truly paid what they’re worth.

Marshall Steinbaum is an Associate Professor of Economics at the University of Utah and a Senior Fellow in Higher Education Finance at the Jain Family Institute.

Saru Jayaraman is an attorney, President of One Fair Wage and the Restaurant Opportunities Centers United (ROC United), and author of One Fair Wage: Ending Subminimum Pay in America. 

This episode originally aired September 10, 2019.

Social Media: 

@Econ_Marshall

‪@econmarshall.bsky.social‬

@SaruJayaraman

Further reading: 

One Fair Wage: Ending Subminimum Pay in America

Website: http://pitchforkeconomics.com

Instagram: @pitchforkeconomics

Threads: pitchforkeconomics

Bluesky: @pitchforkeconomics.bsky.social

TikTok: @pitchfork_econ

Twitter: @PitchforkEcon, @NickHanauer, @civicaction

YouTube: @pitchforkeconomics

LinkedIn: Pitchfork Economics

Substack: ⁠The Pitch⁠

Back to Basics Series: Does the Market Really Pay You What You’re Worth? (with Marshall Steinbaum and Saru Jayaraman)

Is government debt real? Is anything real? Professor Stephanie Kelton gives Nick and Goldy a master class on the hottest idea in economics right now: Modern Monetary Theory. 
Stephanie Kelton is a professor of public policy and economics at Stony Brook University and a senior economic adviser to Bernie Sanders’s 2016 and 2020 presidential campaigns. She was the chief economist on the U.S. Senate Budget Committee in 2015 and in 2016, POLITICO named her one of the 50 people most influencing the public debate in America. Her forthcoming book, ‘The Deficit Myth: Modern Monetary Theory and the Birth of a New Economy’ will be published by Public Affairs in 2020. 
Twitter: @StephanieKelton
Further reading: 
https://www.vox.com/future-perfect/2019/4/16/18251646/modern-monetary-theory-new-moment-explained
https://www.nytimes.com/2017/10/05/opinion/deficit-tax-cuts-trump.html 
https://www.cnbc.com/2019/03/01/bernie-sanders-economic-advisor-stephanie-kelton-on-mmt-and-2020-race.html
https://www.thenation.com/article/the-rock-star-appeal-of-modern-monetary-theory/

What is Modern Monetary Theory? (with Stephanie Kelton)

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