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Pitchfork Economics @pitchforkeconomics.bsky.social · 22h

Globalization wasn’t workers competing—it was elites extracting.

When profits got funneled to wealthy shareholders instead of into workers' paychecks, everyone lost.

🎧 👉 buff.ly/vinrKSa

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Reposted by Pitchfork Economics

Americans for Tax Fairness @4taxfairness.bsky.social · 1d

The same people who just gave billionaires tax breaks have shut down the government rather than keeping our healthcare premiums from spiking.

Tells you everything you need to know.

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Pitchfork Economics @pitchforkeconomics.bsky.social · 1d

The extractive nature of bailouts, explained in a single post ⬇️

Jess Piper @piperformissouri.bsky.social · 1d

I feel like a broken record, but I have to keep saying it over and over again: a farmer bailout won’t do much of anything because the market is gone. There will be no incentive to plant next year.

The bailout will help payoff farmer debt to the banks. That’s all.

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Pitchfork Economics @pitchforkeconomics.bsky.social · 1d

Every time you spend a dollar, it ripples through the global economy. Everything we do—work, save, buy—links us together.

That’s not abstract—That’s the reality of a truly global economy.

🎧 👉 buff.ly/vinrKSa

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Pitchfork Economics @pitchforkeconomics.bsky.social · 3d

Trade wars aren’t really about countries—they’re about classes.

Economist Matthew C. Klein joins Nick & Goldy to expose how elites suppress wages, hoard profits, and rig the global economy against workers everywhere.

🎧 Episode 4 of our Trade series ➡️ buff.ly/vinrKSa

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Pitchfork Economics @pitchforkeconomics.bsky.social · 4d

They've been saying Social Security is broken for decades...now they're actually going to break it—for real.

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Pitchfork Economics @pitchforkeconomics.bsky.social · 4d

Trade debates still obsess over steel and tariffs, while the U.S. quietly runs a $700 billion digital trade surplus. That’s the size of all of France’s exports, but traditional trade stats don’t show it.

🎧 ➡️ buff.ly/91gHB84

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Pitchfork Economics @pitchforkeconomics.bsky.social · 5d

Prosperity follows complexity. Societies that build sophisticated things thrive. Those that don’t—stagnate.

🎧 ➡️ buff.ly/91gHB84

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Pitchfork Economics @pitchforkeconomics.bsky.social · 6d

Languages like Spanish and French distinguish between knowledge and know-how. Maybe our economic debates should, too.

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anthroLogik @anthrologik.bsky.social · 8d

These are the dividends of the information age. Higher productivity but the gains not shared equitably with workers. This is what happened during the Industrial Revolution as well. Imagine how many multiples worse this will be made by AI.

Pitchfork Economics @pitchforkeconomics.bsky.social · 9d

🚨 New data: CEOs at the 350 biggest firms took home $23 million on average in 2024—that’s 281x what the typical worker makes.
Since 1978:
📈 CEO pay up 1,094%
📉 Worker pay up 26%
This is what a rigged economy looks like.

Read the full report: buff.ly/6Z9VnYy

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Pitchfork Economics @pitchforkeconomics.bsky.social · 7d

What drives economic growth?

Not elites hoarding wisdom or wealth, but the messy, beautiful web of knowledge shared across workers, cities, and communities.

🎧 ➡️ buff.ly/91gHB84

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Pitchfork Economics @pitchforkeconomics.bsky.social · 9d

🚨 New data: CEOs at the 350 biggest firms took home $23 million on average in 2024—that’s 281x what the typical worker makes.
Since 1978:
📈 CEO pay up 1,094%
📉 Worker pay up 26%
This is what a rigged economy looks like.

Read the full report: buff.ly/6Z9VnYy

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Pitchfork Economics @pitchforkeconomics.bsky.social · 9d

🚨 New data: CEOs at the 350 biggest firms took home $23 million on average in 2024—that’s 281x what the typical worker makes!

80% of it is stock—taxed at lower rates than workers’ wages. That’s how the richest get richer while paying less in taxes than their secretaries.
buff.ly/6Z9VnYy

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Pitchfork Economics @pitchforkeconomics.bsky.social · 10d

Tariffs won’t save America’s economy—knowledge will.

This week, Nick & Goldy talk with physicist @cesifoti.bsky.social about why prosperity depends on knowledge, know-how, and investing in people—not trade wars.

🎧 Listen here or wherever you get your podcasts: buff.ly/91gHB84

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Pitchfork Economics @pitchforkeconomics.bsky.social · 11d

The trade deals of the 1990s weren’t neutral—they created a system rigged to supercharge corporate profits while handcuffing governments.

🎧 👉 buff.ly/jQUTct6

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Pitchfork Economics @pitchforkeconomics.bsky.social · 11d

At the time of its original airing, in 2019, we believe he was working on a book based on this piece, but we can't find a record of it being published, unfortunately.

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Pitchfork Economics @pitchforkeconomics.bsky.social · 11d

Sorry about that! We're working to tame the digital gremlins causing issues with our site. If we recall correctly, that episode mentioned an article written by Christian H. Cooper titled, "Why Poverty Is Like a Disease."
nautil.us/why-poverty-...

Why Poverty Is Like a Disease

Emerging science is putting the lie to American meritocracy.

nautil.us

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Reposted by Pitchfork Economics

Nat Dyer @natjdyer.bsky.social · 12d

Me talking about David Ricardo & comparative advantage on the excellent @pitchforkeconomics.bsky.social pod

Pitchfork Economics @pitchforkeconomics.bsky.social · 14d

“Free trade is always a win-win!”

Except… Ricardo’s famous example leaves out the exploitation, slavery, and mountains of stolen Brazilian gold that made it work.

Listen to the full episode here: buff.ly/jQUTct6

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Pitchfork Economics @pitchforkeconomics.bsky.social · 11d

Vaguely right > exactly wrong, right? Too much of economics is built on the illusion of precision—and people are paying the price.

Listen to the second episode in our trade series here: buff.ly/jQUTct6

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Pitchfork Economics @pitchforkeconomics.bsky.social · 12d

Think the collapse in trust in expertise was random? Nope.
It’s the direct result of the economics profession.

🎧 👉 buff.ly/jQUTct6

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Pitchfork Economics @pitchforkeconomics.bsky.social · 14d

“Free trade is always a win-win!”

Except… Ricardo’s famous example leaves out the exploitation, slavery, and mountains of stolen Brazilian gold that made it work.

Listen to the full episode here: buff.ly/jQUTct6

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Pitchfork Economics @pitchforkeconomics.bsky.social · 14d

Thanks for the mention and highlight! We appreciate it! We've got several more trade-related episodes coming out in the next few weeks, so watch this space!

Reposted by Pitchfork Economics

The Syllabus @the-syllabus.bsky.social · 15d

Exposing a class war waged through trade policy, this conversation argues the rules of globalization were written to shield corporate power, offloading risk onto workers and draining communities.

With @davidautor.bsky.social & @mwpalen.bsky.social on @pitchforkeconomics.bsky.social

buff.ly/rHwDvJv

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

Podcast Episode · Pitchfork Economics with Nick Hanauer · 16/09/2025 · 48m

podcasts.apple.com

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Pitchfork Economics @pitchforkeconomics.bsky.social · 15d

We are utterly SHOCKED to hear that these plutocrats are engaged in corrupt schemes.👀

Eric Lipton NYT @ericlipton.nytimes.com · 16d

UPDATE:
Senate Dems have asked State and Commerce Inspectors General to open formal investigations into Steve Witkoff and David Sacks, based on NYT story examining multibillion $$$ crypto/chips deals. Third Senator promises to use his power to investigate the matter
www.nytimes.com/2025/09/24/u...

Trump Aides’ Involvement in Giant Chips and Crypto Deals Draws Ethics Scrutiny

www.nytimes.com

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Reposted by Pitchfork Economics

Robert Reich @rbreich.bsky.social · 16d

The gap between teacher pay and other college graduates’ pay is the highest it’s been in over four decades.

Is there a “teacher shortage,” or a shortage of jobs that treat educators with the pay, dignity, and support they deserve?

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