Like Nick Hanauer, I am an unrepentant capitalist. But capitalism only works if, as he says, it is well managed. And right now, we are doing a worse than terrible job of managing our capitalists and plutocrats. Income inequality is rising at insane rates. The end result, history has shown us again and again, is either a police state or an uprising. We are already seeing early warning signs of both.
I would add one caveat to his talk, however. Hanauer seems to focus on the minimum wage as a solution, but I think the big problem is not just income inequality, but inequality of opportunity. The American dream is that anyone can succeed if they try, and that is what inspires people (like Hanauer) to work hard and take risks. This only works as long as it is true and people believe it. When people believe that the system is stacked against them, then those people who have the will to succeed will increasingly do it outside the system — like with pitchforks.
Setting the minimum wage to something livable, making a good education available to anyone regardless of wealth, ending discrimination, stopping the wholesale buying of elections — these are all requirements.