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Andrew Tobias

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Andrew Tobias
Andrew Tobias

Money and Other Subjects

Socialism Is So 1845!

August 19, 2026

NOT INTO POLITICS?

55 seconds you’ll enjoy.


NOT LEAVING MAGA

4 minutes you won’t.

Scary.


NICK HANAUER

Long-time readers know he’s one of my heroes.

I can’t count the number of times I’ve linked you to his 2012 must-watch 6-minute TED talk (it is the middle class, not the rich, who are the job creators) . . . and to his 2014 TED follow on (“Beware, fellow plutocrats, the pitchforks are coming”).

If you’ve never watched them, perhaps today’s the day.

But it’s also the day to consider watching yesterday’s 83-minute interview (“A traitor to his class”).

I know that’s a LOT of time to give to anything — we’re busy! — but it’s one of the most interesting, consequential things I’ve listened to in a long time.

His personal story is itself interesting — how he became a multi-billionaire.  As is his assessment of Jeff Bezos.  But his call for “market humanism” and “middle-out economics” are worth the scrutiny of every concerned citizen, and certainly those engaged in the public discourse.  “Socialism is so 1845,” he says.

After listening, you might even decide to read his just-released Markets Built for Humans:


A new story of how economic prosperity is created—and how we can create it for everyone.

Free download.  No signup or login required.


Because as angry citizens on the left and the right have made clear — many of them living paycheck to paycheck while the Epstein class piles up ever more billions — the current system needs some pretty radical change.

One side thinks it can come from a strongman who tells them he “alone can fix it” (though in fact everything he touches dies).

The other side thinks we should go back to the Clinton/Obama/Biden days, when, as the economy was being handed off to Trump, it was “the envy of the world” — yet still far short of what Nick Hanauer argues persuasively it can, and must, be.

Your thoughts?

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