Nick Hanauer: Plutocrats Made in America

Posted by admin on Monday, January 11, 2016

Nick Hanauer Money Quotation saying wealthy need to understand the value in a strong middle class in capitalism. Nick Hanauer said:
 
We plutocrats need to see that the United States of America made us, not the other way around; that a thriving middle class is the source of prosperity in capitalist economies, not a consequence of it Quote
 

“We plutocrats need to see that the United States of America made us, not the other way around; that a thriving middle class is the source of prosperity in capitalist economies, not a consequence of it” — Nick Hanauer

 

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In this quote, Nick Hanauer is again directly addressing other wealthy “plutocrats” like himself. He is arguing that the plutocratic class needs to recognize that it was the United States as a whole that enabled their wealth, not the other way around where they created the country’s prosperity.

Additionally, Hanauer states that a thriving middle class is the true source and driver of economic prosperity in capitalist systems, rather than the middle class being just a consequence or outcome of plutocratic-led growth.

In essence, he is pushing other wealthy individuals to acknowledge their debt and role in supporting a strong middle class in America, since that middle class is what fuels broad-based economic success, in contrast to the idea that the wealth of the few alone creates prosperity for all.

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