Mark Blyth Book Panel: Austerity: The History of a Dangerous Idea▬ April 23, 2013
2014 ж. 10 Нау.
50 586 Рет қаралды
bit.ly/1cTDGwh Author and professor at Brown University, Mark Blyth discusses his book, "Austerity: The History of a Dangerous Idea" (Oxford University Press, USA, 2013). Commentators on the panel: Alex Gourevitch, Postdoctoral Research Associate, Political Theory Project and Sharon Krause, Political Science, Brown University.
In "Austerity: The History of a Dangerous Idea," Blyth demolishes the conventional wisdom, marshaling an army of facts to demand that we recognize austerity for what it is, and what it costs us.
Mark Blyth has a piece of my heart!!!
"Austerity has never worked" as a political economic policy. "If each of us has the chance to better our condition, then capitalism overall serves everyone....If on the other hand, it doesn't, if it stacks the deck, if it skews the outcome, if it takes away from those who already do not have most of the reward to maintain the rewards of those who have got the most already, then the system is indefensible. And I don't want that to happen. So that's why this book was written." Mark Blyth
To Marck Blyth.Sir you should go to Bulgaria and explain to all financial institutions how and why the austerity will never work.
Masterpiece...love Mark's heartfelt analysis....and peerless precision.
Mark Blyth starts @ 5:35
For once, I didn't mind the introductory speaker. Clear, communicative, well-spoken. 5 minutes introduction for an hour and a half isn't bad.
Thanks. The intro isn't necessary - right? I know who's about to speak. That's why I clicked on the video. 😁
This is a great talk. One of Marks best. Seems like it might become relevant again in the post corona world.
I actually came looking for this vid because I saw this today (5-Jan-2022) -> kzhead.info/sun/aqqudrZunKhtZoU/bejne.html
Austerity especially in the US was also very racist. A big part was that the white middle class did not want to pay additional taxes to uplift blacks.
What's illustrative of Blyth is that if you give a kid from the lower economic strata the opportunity for an adequate education, there is a likely chance that he will not toe an establishment party line as he progresses through that education, which is why, from an establishment point-of-view, you have to limit educational opportunities for such people because there are no guarantees they will imbibe the ideological beliefs they are expected to have if they gravitate to positions of social, political, and economic influence. Every now and then, you will get a Clarence Thomas, but not on the whole.
Since the purge of Marxists and Marxism from academia in the 60s it's been educational policy to not allow too much free thought.
...Or a Thomas Sowell for that matter. If I recall correctly, his point in revealing his lower-class bona fides is to demonstrate that investing in lower class children will yield a revenue dividend. And what trumps establishment ideology? Money! ;)
I really wish the young generation from Eas...cough Central Europe, for instance all those self-confident, haughty but honest and intelligent Reddit commentators from the Baltics, blinded by their ideological hatred towards anything slightly leftier than Mrs. Thatcher, I wish they could see this and started reflecting about the injustified and unnecessary pain that the antisocial ideology they revere so much has caused to their beautiful countries.
that's a saying in my country, in the countryside, that you cannot shit on somebody's else taste. the same thing I see here in US, those who would benefit the most from medicare for all are its biggest enemies....
Brilliant. His accent makes economics even more interesting, adding to an already great thesis. Great stuff! :D
Mark Blythe Max Keiser Prof.Richard Wolff etcetera sat together at roundtable could sort this whole thing out
@Escorpion Venenoso And Keiser.
@@lutherblissett9070 Prove it.
Did anyone else notice Socrates sitting in on this? go to 1:03:51. He's sitting two rows in front of Rose, who is speaking.
his beard is too perfect. Socrates was more like the junkie stopped by the cops
It ain't rocket science if no one is spending the state should
Come to Columbia!
Growth cures debt, but you can't grow forever.
and this is why he said that Canada paid its debt ONLY after it grew.
@@roc7880 AS i said, you can't grow forever. So what are you gonna do if you can't grow?
@@vidfreak56 Keynes told us already, PUBLIC SPENDING.
@@roc7880 Sure. That would have to be what happens.
@@vidfreak56 this is corporate welfare not public spending to increase aggregate demand.
At 1:17:00 He says the left will have to rise again.....here we come!
And there we go!
"They only ever do that during a war" like whats happening with Syria & Russia right now.
will you be there if we come?
1:06:40 Could do a whole talk just on that!
So... Andrew Yang will have this guy as secretary of treasury?
I guess I'll just have to buy the book and read it cause I don't understand what he's saying.
Play it back at reduced speed :-)
Play it at x2 speed and you will learn twice as fast 💨
Debtor paradise living in a gangsters..paradise
Austerity is an idea based on social Darwinism.
Whats with the hand gestures in the introduction at 0:06? Innternal joke i reckon? Or is it an expression of "insert demon here" a mild skitsofrenia, angsiety attack, hatred the list goes on and on.
come in and sit down, there are spaces at the front.
Im gona stick with that :P
Was that "pseudo-monetarist" or "sado-monetarist"?
Sado.
It creates oligarchs and the working class still pays just like now. The monopoly corporation still wins out
I thought that austerity meant there is no money to pay for anything, so you don’t get it. In some countries it means you starve. If we hadn’t elected Democrats, they wouldn’t have overspent, we wouldn’t have over printed, and we wouldn’t be in this mess. Cannot imagine this happening in a Mormon household
Are you being serious here?
@Thomas V. Worm Unsure what led to me getting a sermon of the MMT.
@Thomas V. Worm Well, that's not quite true. Nonetheless, I'm still puzzled as to why you're lecturing
@@ThomasVWormI'm still quite perplexed as to what qualified me for a lecture. Especially from someone who asks daft questions like that
@@ThomasVWorm I'm knowledgeable enough to understand that MMT is not confined to your quite narrow and inaccurate definition, and also to see that you are now projecting your own failings
He does spout on but his idea of perfection is Turkey.