The dirty secret of capitalism – and a new way forward | Nick Hanauer

Rising inequality and growing political instability are the direct result of decades of bad economic theory, says entrepreneur Nick Hanauer. In a visionary Ted talk, he dismantles the mantra that “greed is good” — an idea he describes as not only morally corrosive, but also scientifically wrong — and lays out a new theory of economics powered by reciprocity and cooperation.