Do rich people create jobs?
Nick Hanauer doesn't think so. Here's his TEDtalk that TED curator Chris Anderson believes is too political to release as a TEDtalk (but it can be found on YouTube)
Because every TEDtalk is political, I think Anderson is full of it.
TED and Anderson have plenty of talks that criticize Big Government and rethink politics, but the moment somebody challenges Big Money, Anderson gets nervous because it's "an election year".
TED's mantra of Ideas Worth Spreading may not be as open and honest as many would like to believe.
For more on the topic of income inequality, I suggest you check out Robert Reich's blog, and his new book Beyond Outrage where he writes:
The Great Recession (2008) was followed by an anemic recovery. Because so much income and wealth have gone to the top, America's vast middle class no longer has the purchasing power to keep the economy going - not, at least, without going deeper and deeper into debt. But debt bubbles burst. The burst of 2008 ushered in a terrible recession - the worst economic calamity to hit the coutnry since the Great Depression of the 1930s - as middle-class consumers had to sharply reduce their spending and businesses, faced with declining sales, had to lay off millions. We bottomed out, but the so-called recovery has been one of the most anemic on record. That's because the middle class still lacks the purchasing power to keep the economy going and can no longer rely on borrowing.As for TED, I suggest you take a look at Alex Pareene's article Don't mention income inequality please, we're entrepreneurs where he writes:
At this point TED is a massive, money-soaked orgy of self-congratulatory futurism, with multiple events worldwide, awards and grants to TED-certified high achievers, and a list of speakers that would cost a fortune if they didn’t agree to do it for free out of public-spiritedness...
...Hanauer’s talk was remarkably dry — and I am sure that was part of the reason for its burying, because TED truly values flash and surprise over substance — and not remotely mistakable for a pro-Democratic Party stump speech. But its central message was incompatible with the TED ethos: that TED People Are Good for the World.