28/05/2026
For decades, progressives have been told they had to choose between fairness and growth.
Raise wages, and you’ll kill jobs. Strengthen unions, and you’ll hurt competitiveness. Invest in people, and you’ll distort the market.
That was always the trap.
In Democracy: A Journal of Ideas, our co-host Nick Hanauer and University of Oxford professor Eric Beinhocker argue that the old neoliberal paradigm got the economy exactly backward. Fairness is not the opposite of growth. Fairness drives growth because a fairer economy is a stronger economy.
Market Humanism offers a new economic story: prosperity comes from cooperation, broad participation, strong institutions, democratic accountability, and markets designed to solve human problems.
You don’t have to choose between an economy that is fair and an economy that grows.
The fairer the economy, the stronger the economy.
Progressives have been fighting on the neoliberals’ terms. Market Humanism flips that—and provides a winning and more humane narrative. Oh—and a far more prosperous country.