Why Does Progressive Megadonor Nick Hanauer Blame Blue Cities’ Woes on … Barack Obama?
Seattle venture capitalist and Democratic megadonor Nick Hanauer doesn’t fit neatly into pre-fab boxes. He’s a wildly successful tech investor who denounces tech moguls as “narcissistic sociopaths.” He’s a billionaire “class-traitor” (his term) who’s been sounding the alarm about what he sees as the dangerous obliviousness of the ultrarich to the resentment their class privilege engenders. He’s a proud capitalist who rails against neoliberalism and who developed and popularized the concept of “middle out” economics.
In short, Hanauer, a host of the popular Pitchfork Economics podcast…
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