Nick Hanauer
Nick Hanauer
Nick Hanaueris an American entrepreneur and venture capitalist living in Shoreline, Washington...
NationalityAmerican
ProfessionBusinessman
CountryUnited States of America
capitalist class growth investing middle source thriving
A thriving middle class is the source of growth in a technological, capitalist economy. Investing in the middle class is the most pro-business thing you can do.
civic difference disruption human means number poor problems prosperity social society source tech
Prosperity in human society is misunderstood. The difference between a rich and poor society is the number of problems that society solves for its citizens. That means technological innovation is the source of all prosperity, but with every tech innovation, you also get disruption - ultimately, social and civic disruption.
both customers exclude high inequality innovation innovators levels people rising toxic
Rising inequality is toxic to growth. High levels of inequality exclude people - both as innovators and customers - diminishing both innovation and demand.
accurate complex dependent ecosystem embraces people perfectly rejects
Middle-out economics rejects the old misconception that an economy is a perfectly efficient, mechanistic system and embraces the much more accurate idea of an economy as a complex ecosystem made up of real people who are dependent on one another.
benefit happens job lowest name rates rich system tax
When you have a tax system in which most of the exemptions and the lowest rates benefit the richest, all in the name of job creation, all that happens is that the rich get richer.
allow bad balancing both capitalism conditions create creating customers essential government power prosperity workers
Government does create prosperity and growth by creating the conditions that allow both entrepreneurs and their customers to thrive; balancing the power of capitalists like me and workers isn't bad for capitalism - it's essential to it.
business cost create devote equally fewer jobs key people profit revenue time
Business people do two things with their time fundamentally. The first is that they try to create sales, right? Revenue, key to business. But the other thing they devote their time to equally is cost containment. That is to say, how to not create jobs. Because the fewer jobs you can create for the revenue you create, the more profit you make.
build collective factory hack human solving woods
All human endeavor, all human civilization, is the act of solving collective action problems. Should we put out our own fires, or should we have a fire department? Should we build roads, or should we hack our way through the woods from one factory to another?
customers love
The thing about us businesspeople is that we love our customers rich and our employees poor.
air expensive family private travel
The only really expensive thing in our family budget, frankly, is private air travel.
creates
The middle class creates us rich people, not the other way around.
Prosperity isn't something that squirts out of rich people.
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No matter how wealthy a few plutocrats get, we can never drive a great national economy. Only a thriving middle class can do that.
against anybody best strategic
I'm not the world's best philosopher. But I am one of the world's best strategists. I will put my strategic abilities against anybody on Earth.