Most interesting discussion , subjects I've given considerable thought to myself, thank you, enjoyed..!!

Socialism for the rich capitalism for the poor ,,, why am I angry ?

So much of what they talk about was Andrew Yang's Platform and we are stuck with Biden :(

People are angry because the elites have done a fine job of pitting ordinary working people against each other based on arbitrary issues. People have every right to be angry thanks to the sorry state the world is in, we just have to direct that anger at those who deserve it, rather than each other.

@bumberClart1000

4 жыл бұрын

Red Law yep 👍

@SirAntoniousBlock

4 жыл бұрын

In countries where people get a free vote every country gets the government it deserves so if "ordinary working people" weren't so stupid and cynical that they constantly voted for criminals and conmen who are paid by corporations to push the policies that are manifestly against their interests, people are angry because it is easier to accept that they were wrong and fooled once again and direct this anger outwards rather than inwardly reflect why their lives are so shit.

@jacobjorgenson9285

4 жыл бұрын

I think people don't accept the fact that a free world is not equal and an equal(made) world is not free. Equality does not mean equal outcome. Every day I hear inspiring stories about kids who worked their way up from humble beginnings by sheer will and determination and then I hear stories about people whining it was not given to them. As I see it it's the quality and unity of family, especially the lack of or commitment fathers and the culture one grows up in. The first gives assurance to children that setting out in life is safe and worthwhile , the second sets the bar and aspirations for achivement .

@ellengran6814

4 жыл бұрын

You nailed it. Right and left fights over Trumps tweets. Meanwhile he transfer trillions into the pocket of Corporate America and remove regulations protecting American workers .

@paulbucklebuckle4921

4 жыл бұрын

@@SirAntoniousBlock yes but who owns the propaganda machine ,,, bearing in mind as you say some folk are stupid .

Thank you for this excellent discussion. I've been trying for more than a decade to make sense of the anger, resentment and chips on shoulders all around, and here is a framework to work with 👌

Great discussion and thought their ideas about sovereign wealth funds, ubi and direct central bank transfers to everyone to stimulate the economy in crises were spot on. The only reason (my cynical but also realistic self thinks) those ideas don't get implemented is because they actually benefit the general population and make the welfare of the people the central focus of the economy, whereas it is all currently geared to benefit the capitalist elites. That needs to change and I suspect will only change when we collectively express our righteous anger about economic inequality with as much intensity as is currently being expressed for other forms of inequality.

Not angry enough. Is there a listed Guillotine company yet?

27:29 to 28:22 Yes. Do investment spending at the national level, to pay off the national debts, and spread assets down to everyone. I'd vote for whoever chooses that course. (I'm a lower working class American who even understands this point, thankyou both.) 36:17 Wow.

@dwarfsid

3 жыл бұрын

Re: National debt, this might be of interest: kzread.info/dash/bejne/qKukzKqPYbi3nso.html

Interesting discussion … I suggest more part of an economics degree students should make a living from rubbish. Everywhere more and more people have to survive by picking "valuables" out of piles of rubbish while entire building are destroyed and the remains are dumped. Cars are scrapped. There seems to be a membrane between the people sitting in comfortable home confinement and those who go through the trash. How much of what we buy will end up being dumped without ever been put to the intended use?

looking forward to reading this :)

i think anger arises from perceived impotence. when you see injustice and think 'i can fix this,' anger is minimal. society is organized so that almost everyone is politically impotent, so lots of room for explosions, but generally useless. i recommend democracy.

thank you

Interesting discussion, I only wish Mark Blyth had expanded on how we would sell our own data to the tech giants? It seems to me that this is completely out of the individual's control.

This book looks promising.

Righteous anger?

I miss the debates. These are always the best debates to watch.

@piratesofthedeepweb9873

4 жыл бұрын

I do occasional but those debates are amature at best. these debates here are some of the best outside of Cambridge

This reminds me of John Osborne's _Look Back in Anger_ (1956/1959).

Trying to solve a crisis caused by too much financial power by consituting a sovereign wealth fund is idiotic. How about we not rely on financial markets and the people who got us where we are. To say they haven't heard a compelling counter argument to a national wealth fund is BS. Just look at all the corruption around them in Singapore and Malaysia

@mryhdy6266

4 жыл бұрын

Corruption is wherever there are people, it is a fundamental weakness in humans. But that does not make the idea itself bad.

@jhoxha

4 жыл бұрын

@@mryhdy6266 while it is true that corruption is a feature of every system , the amount of corruption generated is paramount to the wellbeing of the system and it's dependants. Do these funds incentivise the creation of toxic levels of corruption?Another difficulty in implementing sovereign wealth funds is the question of the value of citizenship and it's acquisition. Basically how do you deal politically with all the illegal migrants that won't (and imo shouldnt) benefit from the fund?

@thejackanapes5866

4 жыл бұрын

"How about we not rely on financial markets and the people who got us where we are." That's right. Gonna solve the problem by doing the thing that produced the problem.

@voteforno.6155

3 жыл бұрын

100%. Sovereign wealth funds can only appreciate in value and distribute wealth by the continued capitalist exploitation of some other part of the world economy. Making everyone a share holder in Starbucks and Amazon is not a solution.

The only thing that i can think of that may stymie government asset giving is that. The majority of people will want to sell them straightaway. Some people will wonder what the asset scheme is all about and be so suspicious of it that they will shun it. Some people are not educated enough to understand the pros and cons of such a scheme and how to utilise these assets to their full potential. Am i foolish to suggest these points?

Disgust, not anger, is the word.

I live in a deprived Northern Community ( a former Labour stronghold) which never recovered from the decimation of our manufacturing based economy under Thatcher with the financial crash & austerity dragging us even further down. My tribe decided the ‘enemy ‘ was immigrants who were taking up scarce jobs for less pay, being prioritised for family housing etc . Despite the Government’s own estimate that Brexit would cause a 10 % decline in manufacturing causing yet more job losses in the Northern regions like turkeys voting for Christmas they voted ‘To Leave ‘ and for Boris seeing it as a solution to the regions problems -which undoubtedly get far worse due to the economic downturn & a possible no deal Brexit. It’s to simplistic to simply label such communities as ‘racist’ , although undoubtedly racism is a problem & I fear we will see more extremism over the coming years. Years of neglect through lack of investment have left these communities totally disenfranchised & Brexit was the ‘payback ‘ & although I personally this vote was misguided I can understand how it came about. I found the discussion engaging & felt the strategies they presented made both good sound economic sense and with the political will could feasibly be implemented and contribute to building a more equitable, sustainable society for all. What was missing for me ( & perhaps there is more in the book ) is that given that we are leaving Europe and looking at a further four years of Conservative rule is how on earth do we expect the Government to be persuaded to change their philosophy & adopt even a few of these radically new approaches to economic strategy ? Personally, I’ve had it with this country as feeling ‘morally outraged’ and out of step with the majority who believe In Brexit & Boris isn’t good for my health ! I hit 63 this year & have worked for 47 of those so I’ve recently decided to act quick before the Brexit drawbridge comes down & release my modest pension , sell my modest terraced house ( worth less than a shed in London) and go to enjoy a modest but hopefully enjoyable retirement in Spain.

@petrichor649

4 жыл бұрын

Well said brother, a coherent and sharp analysis of the current situation.

@jhoxha

4 жыл бұрын

Why is it that the EU is nowadays equated with Europe the continent? Whether it will be good or bad in the end , you guys aren't leaving Europe you are leaving the EU. Whenever there's talk about the UK leaving Europe I imagine in my head millions of brits paddling the Isles towards the Atlantic.

a righteous cause takes on sudden power....

Frustration and despair of not believing in the fact that future generations will have better prospects than past. Why do you think that there are so many on prescription anti-depressants and self medicate with alcohol, drugs, etc

Anger isn't worth the time it takes to become angry. Every minute you spend being angry is 60 seconds you spend being unhappy. Besides, anger does more damage to the person who holds it that to the person they are angry with, they are listening to a great song.

One thing that they didn’t cover is the uneasiness many (myself included) would have with the government being owners in private assets and companies. No one would care if Harvard’s endowment disclosed it owned 10% of the Washington Post. At the of the day, given Harvard’s role in society, it can’t do anything with that ownership stake. However, if the US treasury disclosed that it owns 10% of the Post or Fox News there would be a riot. The gov would be in a cartoonishly ridiculous position to influence peddle, kill stories, etc. I like the thought but practically speaking, ppl in the US would not be comfortable with the treasury being run like a hedge fund and buying ownership in companies off the open market. Heck, Americans aren’t comfortable with China owning Chinese public companies. This might sound obvious but just bc something works in Norway doesn’t mean it will work everywhere else. Norway doesn’t have near the same geopolitical pressures and responsibilities the US has. Nor does Norway have the tradition of corruption and meddling in foreign affairs. Can you imagine if the US gov own oil stocks during the Iraq wars? The American public doesn’t even trust it to administer social security effectively. The Federal Reserve system and US government haven’t earned the trust to pull something like that off. You want to see anger? Tell the American public that Secretary Mnuchin admin is playing in the stock market with tax payer money. 😂

@TheGbelcher

4 жыл бұрын

Dante Robertson I don’t understand what you’re trying to say. “You doubt a private company would take a gov bailout in the form of debt or equity.” That has already happened. PPP loans are gov loans administered by banks. Look up the TARP program. The US government effectively took control of AIG buying its debt and equity off of the open market. If you listen to the Q1 earnings call from American Airlines and United, an analyst asked if the government would by debt convertible into equity issued by those companies. Both CEOs said it was a possibility.

@TheGbelcher

4 жыл бұрын

Dante Robertson What exactly don’t you agree with?

The reason things don't change is because both political parties are happy with status quo. The right gets to block change and the left get to complain about what the right is doing. The other problem is not feeling feeling the pain that the average worker feels and because they are very well compensated and most are independently wealthy.

I agree completely with their diagnosis of the problems, but their solutions are, to be frank, snake oil. Sovereign wealth funds?! Are you kidding? The problem is not that so many have so few assets, the problem is that we live in an economy that is structured so that one can only survive by accumulating assets. Why not imagine a society that doesn't require asset accumulation to meet basic human needs?

"I will give you a commission for your vote", is the only dialogue politicians want to hear from donors. Until recently, people who ran for office with selfless intentions, were crushed under the weight of their opponents war chest. Then came AOC and others onto the scene. Maybe it's a sign the shift has begun. But please, before you get ANGRY that I chose one example over many, understand I it's an example, it's not indicative of how I vote.

let's remember that it was tax payer subsidized research that created the internet and therefore we should be charging these tech companies for using our highway and not letting them avoid taxes too...in fact the whole world maybe should be paying us for using it....

Seems to me we need Hari Seldon to figure out with PsychoHistory where to go next since it is all falling apart. Kudos to Asimov!!

@Slarti

4 жыл бұрын

I think a mule could do better.

"A man is about as big as what makes him angry." Are you trying to say I'm not a bigger person than Thom Yorke?

A lot of the book is actully basic so called old fashioned common sense. And divide and conquer has been known about for millenia

Anger is Clarity, thus spake the Guru.

42 minutes and you are out of time? Give me a break.....

Interesting ideas & observations about a zeitgeist run amock, tribes become political religions broadcast to your favorite app every second. And anger? The best clickbait ever. Whether it's rational, nutcase, or pure propaganda pudding. "... we lack motivating ethical ideologies and so we lack political ideologies so we can be motivated to positively change societies..." (21:30) True, certainly. A deep dive into the book could be fascinating.

It' s not anthropocentric, the answer, it should not be about humanity, we are only a part of the maths.

I'm not angry!!!

Is this the “wordsmith player club” or a “bot fix”?🤔

Your sound could be better. It makes your guests difficult to understand.

WOW, this is crazy. really? I think this is a common discussion in coffee shops, prior to Adolf Hitler.

Why anger? Answer:So many things...just...out...of...REACH. Greedy absentee landlords and invisible property speculators; spivs now in charge of utilities out for a fast buck, once run by civil servants who risked sacking if they screwed up; online algorithms that spew up a list of questions and ask which one you want to ask; a world of Big Money beyond the comprehension of anyone without an Economics degree... Isn't that enough?

@geoffreynhill2833

3 жыл бұрын

Solution? To make the Great Mammon comprehensible would be a good start. To make him just even better.

@geoffreynhill2833

3 жыл бұрын

Meanwhile, your discussions are as obscure to outsiders as theological debates in a seminary.

18:08 ... come again? Any Scots can translate that :D

@ajmeyers5661

4 жыл бұрын

@Chris C - "As economists we're all taught to think that risk is uncertainty and it's singularly not. And by uncertainty we mean that, basically, that the past state of the probability distribution is no guide to the future state."

@chrisc7265

4 жыл бұрын

@@ajmeyers5661 thanks!

@ajmeyers5661

4 жыл бұрын

yw!

The Catholic Church don't like anger. I wonder why?

@normankeena

4 жыл бұрын

anger,( the 'g' is silent around here) when I hear that word, think of 'hang-over' regreat. Pride comes before a fall. Road to Damascus... solgier Paul falls off of his horse and sees the light. Seven deadly sins and just as many virtues, the roads to Valhallah are paved with good inventions in the shoes of the fisherman

🌪🙏🏻

Thank God we have elitist materlialists to categorize "good" and "bad" anger... These small-souled ativisms cannot distinguish between an affinity for a sports team, and the love a man has for his homeland.

just cklicked because of that pretty woman walking down the stream pretty woman, the kindi like to meet

what a load of words to say nothing... rubbish word salad ended up being a time waster

Bitcoin fixes this.

I really wanted to take this seriously and give this a go, despite knowing that I'd likely disagree with the conclusions of the speakers. But given that it's only 7:45 in, and Mark Blyth has already tried to demonstrate his progressive virtues twice; once by suggesting that rich white men should not be listened to, or that their interests cannot be representative of the interests of the whole; and the other that Trump goes around calling all Mexicans rapists. What objective person can justify spending over 40 mins on what is likely a leftist justification of progressive anger, and a demonisation of white/working class/conservative concerns? Not me, thanks

@stephenganavas6924

4 жыл бұрын

If you had actually read/watched anything Mark Blyth has produced in the past, you would know he definitely does understand white/working class concerns.

@BasedNumenorean

4 жыл бұрын

@@stephenganavas6924 Reading someone's books is not a prerequisite to watching their YT discussions. And again, how can I justify reading his books if he's going to signal like that? It's far from the first time he's done it. In the few videos that I've seen of him, he's trying harder to entertain and to get the leftist good-think talking points across more than he is trying to be informative or come to conclusions.

@mcgilcol

4 жыл бұрын

@@BasedNumenorean Perhaps you could exercise sufficient restraint to get over your reaction long enough to listen to the rest of the ideas in order to evaluate them on their own merits? A little self-regulation goes a long way ...

@BasedNumenorean

4 жыл бұрын

@@mcgilcolRestraint implies that it was a gut reaction, not a measured response. I don't need restraint, because I simply decided that it wasn't worth staying for, we're all busy right? I've heard his like before and would rather listen to a left-leaning economist who would like to convince me about a certain idea, not try to convince me that he is a fun and morally great person and so should be listened to. I'll just switch to Varoufakis or someone cheers

@zesky6654

4 жыл бұрын

Triggered much?

"The righteous anger of BLM" ...... Total bollox .

Boring, predictable and politically formulaic.. wast of my 42:00 minutes...