#181

Рет қаралды 14,974

Күн бұрын

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Why are measures of stress and anxiety on the rise when materially we seem to have it so good? This is a question that my guest this week, Mark Blyth has set out to discover.
In his book Angrynomics, Mark explores the rising tide of anger and proposes radical new solutions for an increasingly polarized world.
Mark is as entertaining as he is passionate, we talk:
- Why we're so angry
- The failure of 'trickle-up' neo-liberalism
- The golden opportunity that rich governments are not taking
- Why inflation isn't the problem
- Towards a Capitalism 4.0
Links:
Angrynomics - angrynomics.com/
Angrynomics - The Book - amzn.to/3Re54Ar
Chapters:
00:00:00 - Intro
00:04:18 - Explaining Capitalism as software and hardware
00:08:22 - The Anger Towards the Current System
00:12:33 - Concentration of Wealth and Housing Investments
00:16:37 - The Rise of Thatcher and Reagan
00:20:38 - Trickle-Up Economics and the Rise of Nationalism
00:24:38 - Understanding Resentment and Anger
00:28:38 - The Climate Crisis and Government Action
00:32:49 - The Virtuous Circle of Investment and Wages
00:36:48 - The Unique Financing Environment
00:40:40 - The Challenges of a Globalized Economy
00:44:33 - The Magic of the Equity Premium
00:48:32 - The Problem with Wealth Inequality and Healthcare in the US
00:52:27 - The Horrible System
00:56:41 - The Shittiness of Ethnic Nationalism
01:00:41 - Addressing Underlying Inequalities and Attracting More People to Have Children
01:04:43 - Different Definitions for a Fair and Prosperous Society

Пікірлер: 62

@Telluwide 2 жыл бұрын

Mark Blyth is brilliant. Once a week or so I put his name in the KZfaq search bar just to hear the latest of what he has to say.

@MikeSmith-pe4sl 2 жыл бұрын

Glad I’m not the only person to do this!

@Feanor1988bis 2 жыл бұрын

I really like him, but more than him being brilliant, I think it's more us being used to hear bullshit and fairy tales. When insanity is the norm, common sense becomes revolutionary. Anyway, we need more people like Mark, putting things in the proper perspective, no magic solutions, knowing there are always two sides to a coin.

@Loumistro 2 жыл бұрын

Literally the exact same haha

@igypop. 2 жыл бұрын

same here..

@ashnur 2 жыл бұрын

same

@hafunland894 Жыл бұрын

Mark Blyth gives a road map to how to create a more financially equitable society with his genius cleaver absolutely "doable" solutions! I love his brilliance and how he cares about all the little person like me! HE NEVER FORGOT HIS POVERTY ROOTS AND ALL THOSE POOR PEOPLE SUFFERING NEEDLESSLY!!!! Blyth is the man!

@direwolf6234 2 жыл бұрын

blyth has such a way of cutting through all the jargon and numbers and boil it down to simple easily understood facts trends and policies that is so refreshing to hear... am sure his classes are full...

@earlofdoncaster5018 2 жыл бұрын

This man is to economics what Brian Cox is to astrophysics.

@microfarming8583 2 жыл бұрын

Not a fan at of of Cox, massively overrated and loves the sound of his own voice. Blyth is great though

@magnusskallagrimsson6707 Жыл бұрын

You say Brian Cox and I automatically think Hannibal Lector.

@beerbread 2 жыл бұрын

I hope the right people hear this and buy Angrynomics. Mark always clarifies our reality. Thank you.

@RichardKingDoesOne 2 жыл бұрын

Thank you Beerbread.

@webfreakz 2 жыл бұрын

Thank you!

@MarkOGrady1 2 жыл бұрын

Fantastic episode. I feel this seems to be the best solution to our problems. The book was great.

@BeingHumanPodcast 2 жыл бұрын

We're glad you enjoyed it.

@gazhollister1602 2 жыл бұрын

Good talk 👍

@marybusch6182 2 жыл бұрын

Nature bats last! Fabulous we all need that bumper sticker.

@peterkratoska3681 2 жыл бұрын

That quote is from Paul Ehrlich, who wrote the Population Bomb.

@christianvanderstap6257 2 жыл бұрын

Downside of hydrogen.... Well since roundtrip efficiency is like 40% as opposed to 95% with batteries I think that it is pretty obvious, it costs more. Let alone that the fuel cell is a component that has a limited lifespan (way less than batteries at present) and you still need batteries/supercaps cause the fuelcell can not handle the high loads for acceleration. Hydrogen is also shit to store cause it likes to escape and the hydrogen that does escape will attack the ozon layer.

@magnusskallagrimsson6707 Жыл бұрын

"...the hydrogen that does escape will attack the ozone layer." - I had no idea that would happen.

@christianvanderstap6257 Жыл бұрын

@@magnusskallagrimsson6707 ozone likes to react with things.

@msdm83 2 жыл бұрын

The nattarive of the undeserving poor arose in UK at times when there where high levels of vargancy because people didn't have opportunities in their birthplace.

@BodyByBenSLC 2 жыл бұрын

51:00 its true. My elderly mother lives on fixed income. Her new seeing glasses $643.67. No bull.

@notme1048 2 жыл бұрын

I'm on SSDI and when I need a new prescription and glasses I have to live on crackers and water for 6 months to budget it (so I suffer old crappy outdated glasses). People that don't want their tax dollars paying for their neighbors new glasses I tell them when someone smashes into to and kills their family on the road bc their glasses are 10 years old...at least they'll have the comfort of knowing they saved a few pennies when paying their taxes.

@perlefisker Жыл бұрын

1:01:30 Maybe in Bangladesh, but certainly not in the industrialized countries -- if you are serious about what you said about climate change. In order to address the population/financing problem properly, strategies for sustainable development must be issued first...or it would be 'icing on the cake, where there's no cake.' But of we all know that is not going to happen.

@akhalif68 2 жыл бұрын

I really want to see Andrew Yang team up with solutions driven academics like Mark Blyth and Steven Keen to hold a public Q and A session somewhere in the US or Canada...

@microfarming8583 2 жыл бұрын

UBI doesn't seem like a good idea to me

@dwarfsid 2 жыл бұрын

35:20 Why Jon Snow gets better interest rates than Cersei Lannister. 54:05 "Can the United States be a superpower if the West dries up over the next 20 years?"

@direwolf6234 2 жыл бұрын

the state wealth fund sounds a lot like the federal government's thrift savings plan (401k) for employees where a board of professional investors direct funds of 8 different investment accounts on behalf of the contributors... quite successful

@direwolf6234 2 жыл бұрын

we need a show 'jamming with blyth' ... we get to see his collection .. sing a few tunes .. discuss topics related to but not totally economic...

@tauIrrydah 2 жыл бұрын

What are we going to replace concrete with?

@parallaxe5394 2 жыл бұрын

Hello. Hope and good will.

@Junglebtc 2 жыл бұрын

@@parallaxe5394 Brilliant 😂😂

@williammorris3815 2 жыл бұрын

Electric cars don’t work where long distance while pulling is an issue. Refueling gas or diesel is quick. Charging an electric vehicle takes time and loads pulled over distance kills the charge. Hydrogen would be the permanent solution and old gasoline motors can be converted. The amount of energy needed to build/manufacture solar and electric vehicles is more energy than the products built will produce in energy. Hydrogen is the only solution.

@christianvanderstap6257 2 жыл бұрын

Could I get an actual study cited to support those claims.

@llyrghmnghyll 2 жыл бұрын

Ford Lightning??? Don't get me wrong, the electric Lorry looks ....off. but an electric truck is not unheard of.

@akhalif68 2 жыл бұрын

Ford Motors will be releasing an electric version of the F150 Classic with 2 Battery Pack Options (from what I have read so far, the large pack will be just over 810kg)...Theres still alot of work to be done regarding the application & use of batteries or hydrogen in large trucks...

@MrNicoJac 2 жыл бұрын

@William That's a stupid argument. All we need is for battery packs to become standardized. That way, you pull up to a 'gas station' and just drop off your empty battery pack. Get a fully charged one that someone else left yesterday, and drive off. All of that can be done within one minute. And your empty battery pack can slowly/safely/sustainably recharge overnight, and be given to someone else tomorrow! That way, you don't have to haul the fuel itself, since it just comes from the electricity grid. You don't have to store very 'leaky' stuff in pressurized containers. And everyone's batteries will actually last longer, and don't even _need_ 200+ miles range (although it would be nice), so we would have to use up all the rare earth metals to make them. Of course, humans are selfish morons, so no one is gonna trust "someone else's" battery, so it's probably never gonna happen... But it _would_ be more efficient than hydrogen fuel :)

@darrellkmalone 2 жыл бұрын

Talk to Joe Manchin. Seriously... You've got the clout... Put down the drums and help us out here... - 46:00

@nonenone5387 2 жыл бұрын

First

@darthkek1953 2 жыл бұрын

Hang on... he just said Jo Cox was killed by "an English nationalist". As a Scot himself, Mark should - perhaps does - know Thomas Alexander Mair (surname, people!) was born in Scotland. His war cry was "Britain First", not "England" anything.

@MrNicoJac 2 жыл бұрын

I'd guess he didn't say Scottish nationalist since that would imply that he wanted Scotland to become an independent country, which he didn't. I'm not sure what word would fit for someone who's a nationalist of the UK 🤔 (also, you said "born" but that doesn't say anything, really - he could've moved to Dover at age 1, theoretically... I tried to look it up on Google, but couldn't quickly find where he grew up/lived most of his life, only the born-part)

@darthkek1953 2 жыл бұрын

@@MrNicoJac He's a "British Nationalist", the clue is in his murder-scream of "BRITAIN FIRST".

@frumpton_chunk 2 жыл бұрын

Contradicting chancer......next

@buzoff4642 2 жыл бұрын

Bad math. If we didn't import a labor glut, supply/demand would've upped wages, and citizens having kids would've been possible. Sovereign wealth fund not likely to solve anything. Corporate profit extorted from squeezing wages, doesn't solve: squeezing wages, for perpetual profit growth. The value of boomers' real estate doesn't mean a whole heck of a lot: - it's taxed annually, via property tax (wealth tax on the non-wealthy), taxes and interest, total cost of a house is 4 to 5 times its purchase price over 30 years. - not likely to be left to heirs, as likely to be eaten entirely in elder health care - lastly, if the two above don't eat it, reverse mortgage for living expenses will In a full employment economy, home equity loan was meaningful, but we're in an economy with shrinking wages, which means the home equity loan only forestalls one's loss of housing.

@peterkratoska3681 2 жыл бұрын

A full employment economy was great (for the 30yr post war boom) until it led to the inflationary wage price spiral of the 70s. I don't know about you, but plenty of countries would happily take Norways over $1trillion sovereign wealth fund and put it to use without even touching the principal. Are you saying the property tax over thirty years is 4 to 5 x its purchase price? I don't think so. Bought a house for $300,000 20 years ago, the property tax paid on it over 30 years is appr 150,000. The assessed value is now around $2million. not even close.

@buzoff4642 2 жыл бұрын

@@peterkratoska3681 re: Norway Oil, yes? re: property tax Where you live. I don't know why people think the living across the US is identical.

@buzoff4642 2 жыл бұрын

@@peterkratoska3681 ps: "inflation", who's? Wages have dropped, and prices continued to rise. For households, that's inflation.

@peterkratoska3681 2 жыл бұрын

@@buzoff4642 Inflation by definition is a general rise in prices across the board and a consequent loss in purchasing power. Right now there's a small supply bump due to covid but inflation is low and will likely stay low given the $21 trillion in negative yielding sovereign bonds. If those investors were concerned about an inflation they would insist on positive returns not negative ones. The same applies for bank rates - right now they are 2.45% in Canada -if bankers felt money was losing value you would see the rates going up. (This in fact happened in the 70s if someone had a 7% mortgage and inflation went to 12% half your mortgage was inflated away (another reason that bankers and capital funded a market revolution with the likes of Reagan and Thatcher. )

@buzoff4642 2 жыл бұрын

@@peterkratoska3681 "a general rise" Which is, by definition, meaningless to the vast majority of the population. Or succinctly, economics is a language addressing the interests of the rich.

@Floxflow 2 жыл бұрын

Instead of a national wealth fund you could build a welfare society.

@BeingHumanPodcast 2 жыл бұрын

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@Hykoo79 2 жыл бұрын

I've been a fan for a couple of years now.

@microfarming8583 2 жыл бұрын

Blyth says its not pushing up prices with printing trillions. Was at dinner with some friends tonight. 1 guy in paper industry had had 9 prices rises in the last 6 months alone and in Jan they're set to go up 15% I'm Jan alone. Says he's never seen anything like it in 40 years. Another construction guy saying material costs up an average 180% this year. Another guy in furniture said costs will have doubled in Jan from 12 months before and they all agreed next year is gonna go crazy with cost of a container alone gone from 2k last year to 18k now. Costs gonna boom next year and many predicting hyperinflation like Jack Dorsey. Think Blyth is well out of touch on this subject.