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Pitchfork Economics @pitchforkeconomics.bsky.social · 1d

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 · 2d

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 · 2d

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 · 3d

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 · 4d

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

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Reposted by Pitchfork Economics

anthroLogik @anthrologik.bsky.social · 6d

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 · 7d

🚨 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 · 5d

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 · 7d

🚨 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

🚨 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 · 8d

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 · 9d

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 · 9d

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 · 9d

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 · 9d

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

Pitchfork Economics @pitchforkeconomics.bsky.social · 12d

“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 · 9d

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 · 10d

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 · 12d

“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 · 12d

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 · 12d

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 · 13d

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

Eric Lipton NYT @ericlipton.nytimes.com · 14d

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 · 14d

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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Reposted by Pitchfork Economics

Elizabeth Wilkins @elizabethwwilkins.bsky.social · 14d

The crypto lobby is pushing bills that most of us don’t even understand, but that would rip a hole in our financial regulatory system. Check out our explainers. Get educated because these markets should work for us, not for them.

Roosevelt Institute @rooseveltinstitute.org · 14d

Congress is rewriting the rules of crypto—and the stakes couldn’t be higher. In our new explainer, Brad Lipton explains why new bills moving through Congress could open dangerous loopholes in our financial system. 🧵1/3 rooseveltinstitute.org/blog/what-is...

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Pitchfork Economics @pitchforkeconomics.bsky.social · 14d

Trump’s “turbulence tax” is real. Businesses are slashing hiring, investment is down 14%, and workers are paying the price.

@mnegron01.bsky.social from @americanprogress.bsky.social has been tallying the damage: higher prices, stalled paychecks, and decades of lost opportunity.

8 Ways Trump’s Turbulence Tax Is Costing the Economy

President Trump’s erratic tariffs and other policies are already affecting consumers’ cost of living and costing businesses real money.

buff.ly

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Reposted by Pitchfork Economics

Goldy @goldy.horsesass.org · 15d

Really enjoyed both @natjdyer.bsky.social’s book “Ricardo’s Dream” and our conversation with him on the pod. If you want to learn the fascinating history of the theory of “comparative advantage” and how it’s corrupted economics, give the pod a listen and give the book a read.

Pitchfork Economics @pitchforkeconomics.bsky.social · 15d

David Ricardo’s math looked beautiful on paper. The real-world outcome? Exploitation, colonialism, and hollowed-out economies. In the second episode of our trade series, Nick & Goldy talk to @natjdyer.bsky.social about his book Ricardo’s Dream.

🎧Listen here: buff.ly/jQUTct6

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Pitchfork Economics @pitchforkeconomics.bsky.social · 15d

David Ricardo’s math looked beautiful on paper. The real-world outcome? Exploitation, colonialism, and hollowed-out economies. In the second episode of our trade series, Nick & Goldy talk to @natjdyer.bsky.social about his book Ricardo’s Dream.

🎧Listen here: buff.ly/jQUTct6

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