Intertitle: Which over­looked issue should the next President prioritize?

Douglas Rushkoff: There’s a gen­er­al belief amongst the polit­i­cal class that a grow­ing econ­o­my is good for every­body, because as cor­po­ra­tions grow the mon­ey will trick­le down, and every­one will be wealthy. And what they need to under­stand is that the way cor­po­ra­tions grow is by extract­ing val­ue from peo­ple and places and stor­ing it up in share price. So, even if the Dow is going up, espe­cial­ly if the Dow is going up, it may just mean that peo­ple’s actu­al wealth is going down. So they need to real­ly chal­lenge that under­ly­ing assump­tion, and then start to recon­fig­ure pol­i­cy and tax law around that.

Intertitle: What job should the next President do for a day to under­stand the coun­try better?

Rushkoff: I think it would be inter­est­ing if the President had to be a min­is­ter for a day and actu­al­ly engaged with peo­ple’s spir­i­tu­al bank­rupt­cy, and think about, Do I want to solve this by lying to them with anoth­er myth, or do I want to help them con­front the truth?”

Further Reference

Introductory post about this series, and for this install­ment, at Slate.

Help Support Open Transcripts

If you found this useful or interesting, please consider supporting the project monthly at Patreon or once via Cash App, or even just sharing the link. Thanks.