More and more people are saying the same thing in different ways. It's only a matter of time before something breaks.

Mark we need you more often. I really value your predictions and teaching. Need more!

Why don’t these super old super rich politicians take their chips and go home? How greedy can one person be?

And finally academia catches up... I've barely voted in the last 20 years, waiting (in vain) for a politician to have the bollocks to take on the "neo-liberal" consensus.

I tried to order Angrynomics on Amazon yesterday and it said it was out of stock. Has anyone been able to get the book from a different store?

Love everything you do Mark! The only thing I'm left wanting is longer podcast appearances.

Can anyone provide me with some more info on who "Collin Lee" is, the person Mr. Hopkins mentioned who coined the phrase "neo-liberal democracy" it's a fascinating idea that I wish to look into more of anyone can help please!!!

Most of the Professors Don't going understand this because their salary depends upon not understanding this.

This describes very much what is going on in Ireland right now.

4000 holes and brush fires. Lancashire must really suck. Are the brush fires small enough to fit in Albert Hall too? Did they even count them all?

My father’s union job was lost to this madness. I have no sympathy for what happens to this evil set of elites.

'Ant-system politics:' in the description text in the video and in the video description here on KZfaq. You can fix the latter.

Democracy is the highest good; The nation is the seat of democracy; Long live the nation.🇨🇦

Politics is 1% running a government and 99% harassing Sonic fans

The kids birthday party analogy; You're invited to a kids birthday - the kid is called humankind, he's a bit of a sickly child, but he deserves a pleasant day. You and your friends are really excited for the party and you munch on lots of sugary snacks and then start to play, and you choose to playfight - all the kids think this is great, but then humankind gets hurt and you're all told that if you can't play nice then you'll have to go home. You think this isn't fair, you can hold your own, you're tough enough to fight. You and the other kids are neolib corporations, you notice the other corporations changing their way and taking it easy, even giving help to humankind and being less aggressive, so you decide to pounce, because your fun matters more than anyone else's, and if everyone thinks about themselves then that's the best way to make sure the most people have the most fun without needing too much parenting. But then humankind gets hurt again! Really hurt, so much so humankind has to go inside, and the party is over. Now no one can have fun. The economic system we live in denies that as a system, it exists within an ecological system. As much as competing to get what you want might superficially seem to make sense in a scenario where there are no boundaries - the world HAS boundaries, keeping humankind healthy and happy is the only way to continue to get what you want. Whether you want limits or not, limits exist, and you have to work within them, which means you must regulate your behavior, which is antipodal to neoliberalism. The current system may continue for a very long time, or a very short time, either way it cannot continue, it is not sustainable.

"Stocks have reached what looks like a permanently high plateau.” Irving Fisher 1929. This 1920's neoclassical economist that believed in free markets knew this was a stable equilibrium. He became a laughing stock. Better shelve this for a few decades until everyone has forgotten. Now everyone has forgotten we can use it for globalisation. In the 1930s, a lot of effort went into working out what had gone wrong, but because we switched to Keynesian capitalism for a few decades much of it got lost. The free market thinkers at the University of Chicago were just as keen as anyone else to find out what had gone wrong with their free market theories in the 1920s. The Chicago Plan was named after its strongest proponent, Henry Simons, from the University of Chicago. He wanted free markets in every other area, but Government created money. To get meaningful price signals from the markets they had to take away the bank’s ability to create money. Henry Simons was a founder member of the Chicago School of Economics and he had worked out what was wrong with his beliefs in free markets in the 1930s. Banks can inflate asset prices with the money they create from bank loans. www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf Henry Simons and Irving Fisher supported the Chicago Plan to take away the bankers ability to create money. “Simons envisioned banks that would have a choice of two types of holdings: long-term bonds and cash. Simultaneously, they would hold increased reserves, up to 100%. Simons saw this as beneficial in that its ultimate consequences would be the prevention of "bank-financed inflation of securities and real estate" through the leveraged creation of secondary forms of money.” www.newworldencyclopedia.org/entry/Henry_Calvert_Simons Real estate lending was actually the biggest problem lending category leading to 1929. Richard Vague had noticed real estate lending balloon from 5 trillion to 10 trillion from 2001 - 2007 and went back to look at the data before 1929. Henry Simons and Irving Fisher supported the Chicago Plan to take away the bankers ability to create money. “Stocks have reached what looks like a permanently high plateau.” Irving Fisher 1929. This 1920's neoclassical economist that believed in free markets knew this was a stable equilibrium. He became a laughing stock, but worked out where he had gone wrong. Banks can inflate asset prices with the money they create from bank loans, and he knew his belief in free markets was dependent on the Chicago Plan, as he had worked out the cause of his earlier mistake. Margin lending had inflated the US stock market to ridiculous levels. The IMF re-visited the Chicago plan after 2008. www.imf.org/external/pubs/ft/wp/2012/wp12202.pdf This is how an asset price collapse feeds back into the financial system. Why did it cause the US financial system to collapse in 1929? Bankers get to create money out of nothing, through bank loans, and get to charge interest on it. www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf What could possibly go wrong? Bankers do need to ensure the vast majority of that money gets paid back, and this is where they get into serious trouble. Banking requires prudent lending. If someone can’t repay a loan, they need to repossess that asset and sell it to recoup that money. If they use bank loans to inflate asset prices they get into a world of trouble when those asset prices collapse. As the real estate and stock market collapsed the banks became insolvent as their assets didn’t cover their liabilities. They could no longer repossess and sell those assets to cover the outstanding loans and they do need to get most of the money they lend out back again to balance their books. The banks become insolvent and collapsed, along with the US economy. When banks have been lending to inflate asset prices the financial system is in a precarious state and can easily collapse. "It’s nearly $14 trillion pyramid of super leveraged toxic assets was built on the back of $1.4 trillion of US sub-prime loans, and dispersed throughout the world" All the Presidents Bankers, Nomi Prins. When this little lot lost almost all its value overnight, the Western banking system became insolvent. Western taxpayers had to recapitalise the banks and make up for all the losses the bankers had made on bad loans they had made to inflate asset prices. We don’t want another financial crisis so central banks have to keep pumping up asset prices. When asset prices collapse it feeds back into the financial system. Today’s policymakers think banks are financial intermediaries. This is what banks would look like after the Chicago Plan, but that was never put into place. Banks can still inflate asset prices with money they create out of nothing. www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2014/money-creation-in-the-modern-economy.pdf Policymakers have been slow to realise how this causes the problems the University of Chicago found in the 1930s.

God bless Spain!!!!!!!

You wouldn’t want to use plain terms in case you might offend someone. How valuable is an academic class terrified of being cancelled. Truth isn’t an option.

Lesser evil paves the way to greater evil. Politics of fear delivers all we are afraid of.

Ant-system Politics? do fire ants or bullet ants have more cut thought couriers?

It's probably a bit unfair, but I sort of feel like saying 'no shit, Sherlock' to a lot of these points. It's almost as though until academics start writing papers and books about it, they're oblivious to facts of life that are common knowledge down at the local pub or job seeker center.

'They are very similar in economic policy' - Seriously? Trump is similar to Corbyn on economic policy? Eliminate the estate tax, cut taxes on corporations, and fill your cabinet with financiers and bankers - that's what Corbyn would do? A statement that only someone completely unaffected by economic policy could make.

in the usa there are several states whose constitution is reasonably 'democratic,:' large scale changes must be accepted by the electorate through referendum, , the citizens can over-ride or ignore political control, through initiative and they can fire public officers through a 'recall' initiative. california is a notable example, with all of those functions in continual or occasional use, as appropriate. so there is no excuse for any usan to refer to 'american democracy.' as it doesn't exist, it never has, it was explicitly avoided by madison to appease to the grandees who controlled most of the post-revolutionary states. why the continual appeal to 'defend democracy?' perhaps because getting it would be hard, so let's pretend we have it. -and complain constantly about violations. not good enough. concentrated power of any oligarchy results in concentrated wealth, and a national character of 'take all you can.' whence continual war and looming climate catastrophe. 'in rich democracies' cedes the argument to greed. unless you are referring to switzerland? usa is moderately rich, but no democracy..

Maybe the voting base would be better if the U.S. didnt incarcerate the 60s

I thought this was a great discussion, until names were named. Neither Trump nor Sanders are anti-system politicians by their votes and conduct, regardless of whether they have anti-system rhetoric. In the USA there is no anti-system politician in Congress or the White House. Even AOC is pro-system by her capitulation to and endorsement of Pelosi.

As an old middleaged white guy, I am tired of being described as an anti-immigrant right-winger. I voted to leave the EU on the basis that I want my life and my country to be run by those who are accountable to me. I want my country ran by my Parliament. Too many on the left are more than happy to scream Fascist because I have not bought into their neoliberal dream. Corbyn, for all his faults, reflected the Labour party of the 1960s and 70s. He was in my opinion very suspicious of the EU and did not see it as a check on rightwing governments that the Labour party of the 80s and beyond seemed to believe.

Why can't Mark be in charge of the world economic systems. He speaks absolute no B.S & pure sense.

BERNIE JUST PLAIN QUIT Trump caring about some group? who might that be ??

These two guys are very generous in throwing around the " racist " label. They are still caught up with the Hillary Clinton's " basket of deplorables " crowd.

We need a new socialist party. Democratic Socialist

The guy who put the advert at the start of this podcast needs to order a burger to go with his vocal fry.

This explains the U.S. Everybody loves ACA, but if you put a black guy’s name on it 30% of americans then hate it. Everything political has to be explained through the race filter. Everything

Sorry you lost me when you repeated the " Racist anti immigration parties" mantra.