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TED invited Nick Hanauer to discuss income inequality, then refused to publish it.

As reported at the National Journal, Too Hot for TED: Income Inequality:

TED organizers invited a multimillionaire Seattle venture capitalist named Nick Hanauer – the first nonfamily investor in Amazon.com – to give a speech on March 1 at their TED University conference. Inequality was the topic – specifically, Hanauer’s contention that the middle class, and not wealthy innovators like himself, are America’s true “job creators.”
TED officials told Hanauer initially they were eager to distribute it. “I want to put this talk out into the world!” one of them wrote him in an e-mail in late April. But early this month they changed course, telling Hanauer that his remarks were too “political” and too controversial for posting.

You can read the talk, also at the National Journal, here: The Inequality Speech That TED Won't Show You.

It's not too long, and the whole thing is worth a read.  In essence:

That's why I can say with confidence that rich people don't create jobs, nor do businesses, large or small. What does lead to more employment is a "circle of life" like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me.
This has always seemed obvious to me.  Businesses don't hire people just because they have extra money sitting around.  They only hire people as a last resort -- because demand, well..., demands it.  So the whole tax cuts for the rich helps create jobs is ridiculous.

As Nick Hanauer says in his talk:

Anyone who's ever run a business knows that hiring more people is a capitalists course of last resort, something we do only when increasing customer demand requires it.  In this sense, calling ourselves job creators isn't just inaccurate, it's disingenuous.
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Updated, to add:

About TED, from ted.com:

TED is a nonprofit devoted to Ideas Worth Spreading. It started out (in 1984) as a conference bringing together people from three worlds: Technology, Entertainment, Design. Since then its scope has become ever broader. Along with two annual conferences -- the TED Conference in Long Beach and Palm Springs each spring, and the TEDGlobal conference in Edinburgh UK each summer -- TED includes the award-winning TEDTalks video site, the Open Translation Project and TED Conversations, the inspiring TED Fellows and TEDx programs, and the annual TED Prize.
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Updated, to add:

TED has responded to the censorship of this TED Talk, TED and inequality: The real story.

From that blog post:

Our policy is to post only talks that are truly special. And we try to steer clear of talks that are bound to descend into the same dismal partisan head-butting people can find every day elsewhere in the media.

We discussed internally and ultimately told the speaker we did not plan to post. He did not react well. He had hired a PR firm to promote the talk to MoveOn and others, and the PR firm warned us that unless we posted he would go to the press and accuse us of censoring him. We again declined and this time I wrote him and tried gently to explain in detail why I thought his talk was flawed.

So he forwarded portions of the private emails to a reporter and the National Journal duly bit on the story. And it was picked up by various other outlets.

Originally posted to koseighty on Wed May 16, 2012 at 08:34 PM PDT.

Also republished by ClassWarfare Newsletter: WallStreet VS Working Class Global Occupy movement.

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