it does not translate into policy. there is a difference. i think you said this during the break, chris. there s a difference between marketing and democracy. that line is getting blurred. we need to watch out for that. i respect the door-to-door, the volunteers. i want the feedback loops to go back. the first step is voting on election day and what follows is building out of politics. let s disaggregate the two questions. there s a question about the effectiveness of winning elections. there s not a lot of question about it to the extent you believe in controlled experiments and so forth. i m looking at you guys over there. but, then there s a broader kind of moral political theoretical question about democratic theory, what are the implications for a democratic mandate you may or may not have after winning this. one of the innovations,
it starts with this misconception that businesses are job creators. it s like a business person calling themtsz a job creator is like a squirrel claiming to create evolution. it s not true. it s the other way around. the romney people put it beautifully this week when one of them said that there are people who are the engines of the economy, the job creators and everyone else relies on that engine. this way of expressing it shows perfectly how deeply we misunderstand the economy. the economy is characterized by feedback loops like any eco-system, and it s about a circle of life feedback loop between customers and businesses. ezra, basic economic courses teach basically that, but politics loses that the concept completely. politics is never not dpor being economically sophisticated. you can t have jobs and you can t have expansion without people there to buy things. the idea is what we need right
are job creators. it s like a business person calling themtsz a job creator is like a squirrel claiming to create evolution. it s not true. it s the other way around. the romney people put it beautifully this week when one of them said that there are people who are the engines of the economy, the job creators and everyone else relies on that engine. this way of expressing it shows perfectly how deeply we misunderstand the economy. the economy is characterized by feedback loops like any eco-system, and it s about a circle of life feedback loop between customers and businesses. ezra, basic economic courses teach basically that, but politics loses that the concept completely. politics is never known for being economically sophisticated. you can t have jobs and you
hanauer, author of the gardens nick, your message is a very simple one. it s taught somewhere around the first week or so of any kind of economics course. which is that consumer demand rules everything. and it s something that henry ford knew. he knew when he was making when he was mass producing cars that the workers in his factory had to be able to afford to buy them to generate and keep that demand going. correct. correct. only consumer demand can animate hiring. although it s not quite true that economics textbooks reflect that idea because that idea is what s necessary in order to reach that conclusion is to understand that the economy is an ecosystem and subject to the same kinds of feedback loops that natural ecosystems are. once you understand that, it becomes transparentally obvious that this trickle down orthodox
which is that consumer demand rules everything. and it s something that henry ford knew. he knew when he was making when he was mass producing cars that the workers in his factory had to be able to afford to buy them to generate and keep that demand going. correct. correct. only consumer demand can animate hiring. although it s not quite true that economics textbooks reflect that idea because that idea is what s necessary in order to reach that conclusion is to understand that the economy is an ecosystem and subject to the same kinds of feedback loops that natural ecosystems are. once you understand that, it becomes transparently obvious that this trickle down orthodox is a complete and bogus lie. and that the true job creation lies in animating consumer demand and the feedback loop that comes from it. i want to show one more piece of your speech.