“I think a public investment in a good microphone could have a positive impact on the effective demand for this type of conference...” -Keynes

@nutsackmania

4 жыл бұрын

friedman argued it was the signal level into the encoder, not the microphone

@bkolumban

Жыл бұрын

OR, you could just up the volume on your device.

I loved the statement: I paid last year more in taxes than what the state paid to educate me! The best argument for public investment instead of the "dependency" mantra

Mark Blyth is the Robin Williams of Macroeconomics.

@MsDragonbal776

6 жыл бұрын

gazza1001555 i defnietly see that

@jordanforce2064

2 жыл бұрын

He used to do standup apparently

i could listen to Mark Blyth all day. absolutely brilliant

Mark is such an awesome speaker. Mark has the ability to make the complex and transform it in a way that makes sense to those that it should make sense to, and I thank you guys for giving him a platform to spread his message.

@matthewmalpeli

6 жыл бұрын

He is a gifted educator and a "no shit sherlock" master of what should have been obvious long before the GFC. The best thing about him though is he talks plain truth that's relatively easy to comprehend to the kind of power that pathologically lies and acts like it's unaware of the deceit it's selling. He's like the Dr Jordan Peterson of economics, without the cult like, unquestioning devotion of his followers, or the massive patreon capital accumulation from Christian prosperity evangelicals that crave academic respectability where it absolutely doesn't belong. That he's found an audience by claiming your freedom is under threat from transgender activists, whom you've got to say are probably suffering from a kind of post traumatic stress disorder from being the living embodiment of everything the Christian right's psychopathy gets hyper about, is 100% a slippery slope fallacy going to war against a traumatised minority that makes up little more than 0.1% of the population. Meanwhile, the top 0.1% of income earners are taking in all the new income generated globally and a clueless fake billionaire has 19 aircraft carriers, the nuclear codes, and a million triggers that could easily devolve into a global stupid of armageddon proportions, and no one wants to take it seriously. The "I'm alright jack, go fuck yourself" ethos of "what's mine is mine" selfish psychopathy is going to be the end of us. If not nukes, it'll be climate change, and it'll be the right that makes this probable, rather than merely possible.

@ConsciousnessisRough

4 жыл бұрын

Peterson is a fraud and Mark would shudder at being compared to such a dishonest academic.

Best line in the whole thing "Putting all that aside. How was the play Mrs Lincoln?"

‘Where’s your equity share? You didn’t get it’ - classic Blythy!

Felt Institute, is it possible to turn up the volume of this video?

@billiamc1969

7 жыл бұрын

Horrible audio...

@caseybv74

6 жыл бұрын

I had to put in some good earphones, worked well.

@mattd8725

6 жыл бұрын

My amp is turned up so high that when windows beeps it blows out my ear drums.

@andreinla

6 жыл бұрын

I love this talk and find it frustrating that it is practically inaudible. Doesn't seem that the Fels staff is interested in posting a version with improved sound, so I put the time and created one myself. Here's the link of this same talk with fixed sound: kzread.info/dash/bejne/ialp1rGNk9XSp7Q.html

@ttrons2

5 жыл бұрын

I always turn the basic computer volume from the default half mark to full and use whatever program is being used for the playing. The volume is fine on my pc

Wow, just wow. That was an incredibly interesting talk by Mark Blyth.

A great talk...the only downside is the inaudibility of those asking questions or engaging Blyth with comments...

Really enlightening talk. This guy is a great speaker!

very good sum up: power = accepted narrative

01:02:10 Yes! Finally a discussion of the fact that Communism scared the West into concessions to the working class. The end of Communism as a potentially viable system removed the most effective deterrent to exploitation and disabled opposition to the transformation which began around 1980. Of course, I'm not denying that Leninist Communism was terrible.

@matthewmalpeli

6 жыл бұрын

Workers need to realise they are in an abusive relationship with capital. It ticks all the boxes. Capital is jealous and possessive of you. It tries to control you by being very bossy and demanding. It tries to isolate you (just take a look around your office. Are you in an enclosed cubical cut off from human contact but vulnerable to a come-from-behind random inspection attack from a suiperior?). Capital is violent on a scale that communism never was or could be (roughly 20 million deaths each year from relatively inexpensive problems (fresh water access, malnutrition, vaccinations. Problems that aren't solved because there's not a buck to be made in solving them and lots to be lost by solving them). Capitalism pressures people into submitting to sexual activities they are not comfortable with. It blames its victims for the abuse it dishes out. Its history of relationships gone sour is well documented. It take s a little bit of truth about its enemies and exaggerates them out of all proportions, spreading it to anyone who'll listen (many of whom exhibit Stockholm Syndrome behaviours). Capital keeps track of your time, intruding repeatedly on your need for personal space. It demands you keep feeding it while it monopolises your time and attention in inane, unimportant busy work to keep you from examining its effects on you and your local community. It controls all your finances and forces you to account for what you spend. Capital is involved with 7 billion other partners, each valued according to what it can take from each. Remember, this relationship cannot be changed from one side. By staying, you are condoning and enabling the abuse - and helping capitalism stay sick. If capitalism is unwilling to get help, the only safe course of action is to totally remove yourself from the situation.

@alanjenkins1508

6 жыл бұрын

Capital is just savings. Without savings you have to investment and with no investment you have no future.

@matthewmalpeli

6 жыл бұрын

alan jenkins Capital is just a means of control. That is all.

@matthewmalpeli

6 жыл бұрын

alan jenkins Furthermore, capital is not savings. Capital is debt, someone else's debt issued by a bank when they loan money. That's how capital is created in the economy. That's why the level of debt MUST go up in a growth economy. If it goes down the money supply shrinks.

@monkeywage

6 жыл бұрын

It's not helpful by applying anthropomorphic qualities to capital. Listen to what Dr. Blyth said in this lecture. Capital (in this lecture, corporations) is not a person. It doesn't care. It exists to maximize profit. It's not out to do harm, it just doesn't care while pursuing its interest. As it should. That is its job and main purpose. Blaming capital for this is like blaming lions for eating zebras. What is wrong is when the park rangers started shooting the zebras to feed and make the lions grew fat and have an easier time. The park rangers are supposed to keep the balance to make sure the lions are fed but the zebras also thrive. Right now we have a bunch of super fat lions and a small herd of skinny zebras because the lions are giving the fattened park rangers extra meat from the zebras. The ecosystem won't be able to keep this up. The problem with communism is thinking there is an alternative to this nature. That capital can be replaced. It can't. Because any capital that is not solely geared with purpose to maximize profits will fail against the ones that do. It's like making a race car that also must carry multiple people in comfort. It will always loose against a single seat race car designed for speed. So we designed an overseeing body to make sure the race car does not plow into a crowd of us. That body is the one failing. Communism cannot work in an environment of competition. It could only work if it is applied globally and willingly. And that is impossible unless there is no longer a need for finite resources (like, say, in Star Trek's society, which lacks nothing so much that they don't even have a currency).

For anyone that's wondering about 10:00 in, the play he is referencing is GBS, Mrs. Warren's profession.

53:11 - 53:39 - Damn. DAMN. Damn. A month before the election and he's pretty much explaining why Trump ended up winning. Damn.

Mark Blyth seems like a swell fellow to have a pint with...

@Cromper

7 жыл бұрын

He would talk about nothing but himself.

@dcodework2421

7 жыл бұрын

Who cares if its this fun

@snugglethorn

7 жыл бұрын

I've NEVER seen him do that...Economics, yes...Himself, no

@drawnsequence

7 жыл бұрын

He used to be a practicing comedian. If you learn anything doing that, it's how to make entertaining conversation.

@snugglethorn

7 жыл бұрын

yep!

I enjoy watching the lecture, but it was hard to understand. It would be better if you Add more volume. Thanks.

@andreinla

6 жыл бұрын

Here's the link of this same talk with fixed sound: kzread.info/dash/bejne/ialp1rGNk9XSp7Q.html

Would be nice to hear the questions

It's long but very informative and I would have asked something about the absence of the nation state in Blyth's examples from the American economy. What can the government do to get Capital back under control? and why has it not done those things?

Fresh air dialogue. Two thumbs up.

Gawd, Mark Blyth is fun ...

It's nice to see all the speakers, but it would be even nicer if we could actually hear them too. Honestly, how difficult can it be to check sound levels before posting a video to KZread?

it would be nice if letures also had a mic for the audience asking questions. Light bulb?

I like how Mark ignores the dude's question and just takes over.

Here's a version of the same talk with fixed sound: kzread.info/dash/bejne/ialp1rGNk9XSp7Q.html I wanted to share this with my friends but the audio levels are so low that I doubt anyone would be willing to sit through the content. I fixed the sound and re-uploaded the talk so that people can actually hear it. Hope this helps.

thanks for dressing up, Mark

35:00 Uber really did cut the pay of their workers. California passed prop 22 so Uber can pay their drivers less than a minimum wage and Uber, lyft and other gig econ companies spent $200MILLION on an ad campaign to get it passed

Man, Blyth is a pretty swell dude. I was worried he was going to double down on the economic "head" but at the start, but how quick he pops that hole. A man with his finger on the pulse.

6 жыл бұрын

What the fuck are you attempting to say?

Can you repost with better audio at a reasonable volume? Thank you none the less.

I know it's three years on, and I am sure this has been said a million times already - any chance of upping the volume?

The volume is too low.

i was really interested in this, but the low volume makes it unwatchable :(

I don't know if I'm going deaf or my system is just old, but I can't hear a word....

Felt Institute might want to buy a mic for the audience.

@kamalnoor5611

7 жыл бұрын

Rick O'Brien they don't have much quid

@lesleyegg

6 жыл бұрын

many

@MrBoreray

4 жыл бұрын

@@kamalnoor5611 - 'They've got a few quid' is an understatement for 'They're absolutely loaded'(financially well-off)

volume higher please. Can't hear

Whered he get the 2% effective tax rate from?

Hey Fels Institute what's the point of uploading a video with such low volume?

If you can't boost the audio in post-production, invest in better equipment before you attempt this type of project.

why is the volume so low??

@nutsackmania

4 жыл бұрын

because the levels were set too low

Brooklyn population 2.637 million (2015) Ireland around 5million, close but no cigar.

I'd like to have watched but it's inaudible

The volume is so damn low

4:35 for interview begiining, but really gets moving from 8:10

Is there a way to raise the volume?

@DriveIn8

6 жыл бұрын

If you download and run VLC Player and then choose Media > Open Network Stream and then paste the address of this page in you can increase the volume to 200%.

@andreinla

6 жыл бұрын

Here's the link of this same talk with fixed sound: kzread.info/dash/bejne/ialp1rGNk9XSp7Q.html

11:28: The play also points out that formal schooling breeds labor market widgets and the presumed morality of becoming so.

the rich entrepreneurs who are upset at the quality of public education should start after hours institutes/academies to teach what they want how they want, instead of pushing for charter schools. the most important reason is that you can attract kids who are curious about a subject and want to learn more than the rest of their colleagues without ruining the chances of an average student to learn something also in a public setting.

40:50 and everyone can be like Mark Blyth in this sense. Right? Wrong.

@nikzanzev2402

6 жыл бұрын

But if enough people turn out like him, then they pay for the ones who do not become ivy league profs. Similar thing with immigrants, if you set up and equitable system, most of them pay for the initial help they got after a decade or so. And I'm not even touching upon the intangible effects of welfare. I think it was David Graeber who mentioned that during the big boom of rock n roll in England most of the now legendary bands were on welfare. They didn't care about survival, only cared for creating their music. How many Beethovens or Einsteins are wasting their lives working in some office doing some bullshit job like marketing instead of pushing us forward? How many potential Einsteins will never amount to anything because they have to bust their bodies 18 hours per day in Walmart jobs to scrape for survival?

I dunno about swedish kitchens. The SIS (Svenska Industrins Standardiseringskommission) or swedish standard for kitchen circa 1950 was a big leap forward in terms of kitchen design and laid the foundations for modern kitchen design.

@danielneuwirth1843

7 жыл бұрын

No, that's not true. The modern kitchen Design is based on the Frankfurter Kitchen, this was invented by Margarete Schütte-Lihotzky in 1926.

@justanotherbaldbastard2193

7 жыл бұрын

+ Daniel Neuwirth Happy to say that this is one of those instances in which both claims seems to be true. A little search on wikipedia on fitted kitchens helped, but it confirmed my suspicion that the Frankfurter Kitchen was indeed the inspiration for the modern fitted kitchen but that what the SIS did was refine the idea to make it more user friendly. Both then are refinements of kitchens but one is a subsequent refinement of a refinement, and both laid the foundations for more subsequent refinements.

@justanotherbaldbastard2193

7 жыл бұрын

+ David Westernall Wow, what did Sweden ever do to you? Makes me think that whatever education you received have failed you, Swedish or otherwise, as some basic reading comprehension should have been applied but apparently wasn't. No one claimed that the SIS invented the kitchen, or even the modern kitchen, but what it did was make refinements on a previous design, like Ericsson with the telephone. Since I have no idea which country your from I can't slam it for being insignificant, but since all countries essentially have little impact upon the universe, consider yourself slammed, on a cosmic scale.

6 жыл бұрын

Westernall is just a fucking failure from a failing WASP encampment. Yet another mass produced gullible cowardly racist dunce.

@ponchupeechu

6 жыл бұрын

Didn't know there was this many kitchen historians on an economics video... wow

sound is unacceptable

There's mother-load of Software in the Smartphone , which only the US has. Thus Nokia went from 35% to round zero, quickly.

@guyfromthe80s92

3 жыл бұрын

Nokia had a touch screen prototype before the iPhone but they failed to realise the potential. Everything in the iPhone had existing technology.

Oh shit I think iv gone deaf!

I really wanted to watch this, but do the volume thing, guys!!!! Unwatchable as it is.

Everywhere there are corporates forming that used to be run as local governemnt, even the magistrates courts are corporates. The upshot of this is that statute laws and "civil requirements" are multiplying so that the non payment can be met with the sale of your assets. This is going to be a transference of your house and your business assets to these newly formed, over powerful corporations because there is nothing , absolutely nothing in place to stop them! buildings are being revalued for council tax with tenants and not owners, and in some cases as well as owners are unable to pay the council tax asked of them. The summons, which are BULK SIGNED, some 76,000 per day( just one magistrates court) for liability is accompanied by £125.00 costs order that cannot be justified which goes towards corporate profits and pension pots for the corporate owners. Not to mention that in many places actual law is disregarded The persons that cannot pay end up with corporate bailiffs arriving at the door for their goods, and in some cases your home is being lost. THIS IS TORY BRITAIN that does not comprehend that they cannot suck hard on those with no money to pay - it doesn't work! www.consumeractiongroup.co.uk/forum/showthread.php?387121-Council-Tax-Court-Costs-%e2%80%93-Liability-Order-Summons&s=3a6e2d97b1a9968c60d031003aafcda4 Councils now work for their own profit pile as corporates, not for the public good but for the corporate purse! Check it out and you will see the problem. You voted for it, now suck it up!

Another great video for lip readers

How can they make money buy buying their own stocks? If anyone understands economy and could explaing to me I would be very thankful.

@seymourCT

5 жыл бұрын

metacarpitan buying your own stock creates that stock price to rise which is used to measure the value of the company...executive compensation is tied to the stock price :)

@MrBoreray

4 жыл бұрын

Borrow money at almost 0% interest, stock price $50 a share,buy a million shares,this has a positive effect on stock price,market rate becomes $60,sell stock and make $10 million dollars,it's actually a form of insider trading by stock price manipulation.

My gawd, hand a microphone out please!!

it is sad to see educated people treat political discussion as entertainment. but that is the consequence of living in an oligarchy- politics is a matter for 'them.' get democracy first, then talk about 'what should be done.'

We pay a ton of taxes ...he means federal tax ...we pay state, local, property, school, sales, excise.... Gas... .. Etc...

volume toooo low. this is the real crime.

These university people are sooo unwilling to have their views challenged

LOL@ I know your mother! 🦝 🦝🦝🦝🦝🦝🦝🦝🦝🦝

Blyth is great. But the two Penn speakers? If Shaw were alive and forced to listen to them, he'd never stop throwing up. What is it about academics at prestigious institutions that leaves them convinced that every long-winded Ivy League blowhard should speak endlessly about nothing?

@justanotherbaldbastard2193

7 жыл бұрын

Well, essentially that's what everyone else does, why should academics be any different? The only thing separating an academic from anyone else is a degree. Its not a separation between those who are interesting and those who are not.

@jessnellaf2401

7 жыл бұрын

You have missed the forest by looking at the tree. The ''prestigious institutions'' validate (convince) ''academics'' through inflated status and wages that when they are speaking down every day with every lecture ''endlessly about nothing'' (long winded Ivy League blowhard) to the children of the elites who need to get their '' Ivy League'' ticket punched. Do you believe that suddenly, In front of an audience with mike in hand and video on they will deviate from that behavior that has been so reinforced and rewarded?

~ @17:00 he calls the Trump win.

Mr. Blyth, you seem to be preaching to the convert. You audience is your audience because they already sort of agree with you. Now, with your language and oratorical skills and, your what I understand to be an humble origin, you could really make a difference educating the plebs. You make a strong point for the left but the audience is the wrong one. They would all vote for Hillary in the end evenif Christ himself was the contender.

@matthewmalpeli

6 жыл бұрын

"The plebs" as you call them, used to be known as the proletariat. They are in an abusive relationship with capital. Capital tells them that experts and intellectuals that try to break them up will lead to mass murder and the loss of their freedom, freedoms that they only have because capital has decided they're permissible. This is how it gets entire populations into a kind of Stockholm Syndrome effect. Convincing low cognitive people that leaving their abusive partner while providing no shelter for them is better than staying and suffering the abuse is hard enough. Try doing it when they're surrounded with imagery that makes them feel ugly and that everybody else is having a great time and the reason its not them is their fault. See how far it gets you.

@tomgjgj

6 жыл бұрын

Well we all know how abusive relationships turn out. Eventually something gives. My only worry is that there are nukes now.

@matthewmalpeli

6 жыл бұрын

Tom J And a super entitled rich kid who has 4am Twitter brain farts and no other relationships other than direct family, business associates, and banksters, who clearly has never negotiated a complex deal in his life, has the capacity to unleash Armageddon without needing to consult anyone first? Yeah, me too. Maybe we should have dismantled the military industrial complex when the Soviet Union fell. I know, taking rich kids toys away from them is a bridge too far. Best just to go back to your bullshit job and try not to think about it...

L E G E N D

Steve Jobs never said he was an inventor. He combined good available technologies into something better than what was available at the time. He was also not that much interested in profit for profits sake. He wanted to build good products and used profits to develop better products. Just shortly before he died the profits exploded and Apple had more profit than they could use for development.

@5ynthesizerpatel

7 жыл бұрын

he was only speaking figuratively when he mentioned SJ he meant Apple in general - and the point he was making wasn't to criticize Apple. He what he was saying was this: 1. The contemporary narrative from politicians is "Public Spending = terrible wasteful evil" If that's really true, then how come all it took was a canny entrepreneur with an eye for design to take those government funded technologies and turn it into something truly wonderful that has changed the world in terms of how we communicate 2. If we (taxpayers) paid for the basic technologies that made it run, where's our stake in the equity?

6 жыл бұрын

pcuimac That was a load of lies you fucking ignorant fanboi scumbag.

LOL.None of them would have a clue who Pinky and Perky are.

inaudible as half his are

Oh my god - that one person who starts clapping at 41:03. Urgh - CRINGE!

Scandinavian welfare is reasonable/logical/rational/thinkable compared-and-contrasted with nordic/teutonic so-called socialism which first-and-foremost has racial connotation's secondly nordic/teutonic encapsulates each-and-every political geography/jurisdiction of mainland/continental western europe mainland/continental central europe and mainland/continental northern europe and thirdly nordic/teutonic so-called socialism is not marxist/marxian socialist it's marxoid social democratic liberal/libertarian capitalism

smart and likeable but misses the point more often than he hits it mistaking productivity with income per worker ... but that explains that countries with high taxes and high government subsidies for corporations also have high productivity because the money are just going round and round between accounts without actually producing much mistaking government welfare spending with helping the poor ... most government welfare spending goes to agencies and ngos and quangos service providers and their offices and salaries and shareholders, a lot less gets to those who need it. Maybe when he was a child things were different. socialized medicine: US health care is socialized too, only from the other end: the insurance companies own and thus are the government :) , it is private in the same sense the castles and land owned by Louis XIV were private.

@secularnevrosis

6 жыл бұрын

The point is that the money should go around in the economy of the population. The workers produce the things and services that we need and are consumed by the workers. That creates a stable economy. Leeching money out of that system and putting it into a system that doesn't actually produce physical things, now what does that lead to? We have built a system that is in all practicallity is severed from the real economy in terms of productivity and responsibillity, and still influence the returns of the workers productivity.

6 жыл бұрын

Emil you're just a bit of a fucking dunce with a head full of bullshit. Fucktard.

@EmilNicolaiePerhinschi

6 жыл бұрын

Seán, I surrender your arguments persuaded me to recant :))

Mark Blyth throws around the words 'racism' and 'racist' in his talks as if it's still the nineteen eighties and he's in an art college in Brent. It's wearing a bit thin.

IF this guy was not so self-absorbed and obsessed with racism, then some of the rest of the discussion might be worth listening. However, he can't get out of his own way...

@5ynthesizerpatel

7 жыл бұрын

Racism gets 2 serious mentions and 1 joke. once at around 16:55 where it's dismissed as having any meaningful relevance Once more at around 54:20 where it's just a throwaway joke Once again at around 1:04:20 where it's dismissed as having any meaningful relevance I've seen a few of Bylth's vids and that's pretty much his narrative - yes there is racism (like we didn't know that) but no it's not informative in terms of why populist movements are gaining traction Have you got any other time codes that show a self-absorbed obsession with racism or is this all in your head?

@TheAtlantaMafia

7 жыл бұрын

I don't dispute you account of the times he points to racism. Not sure which videos you may have seen but I have seen a few on youtube and other places and he can't have a discussion without calling person racists that are outside the liberals. I'm not suggesting that he says it constantly but he can't have a conversation without labeling non-lefties as racists. I consider the race card as an overplayed item by lefties that have weak arguments.

@SpaceCowboy1218

7 жыл бұрын

Leaving out race in a discussion about American Economics would be a silly proposition don't you think? Also, is it possible you're simply focusing on the times when race is mentioned rather than all the other moments when it's not. Also he's actually far more graceful to people who voted for Trump than most others who critique the system, he seems to believe and mentions it quite often, that there is a small racist component for those who elected Trump but he doesn't believe it be the driving factor.

@TheAtlantaMafia

7 жыл бұрын

Liberals see everyone as some sort of group or victim class instead of seeing them as being Americans. That's why they have been losing elections since 2000. The only real exception to democrat losses was 0bama but that is just another example of democrats voting based on "race." The country needs to move on from racism but the left wants to roll around in it and make false claims and demonize people. The "racist" claim is now what liberals say when they are losing arguments. If you are liberal - don't do that because it reduces your credibility.

@SpaceCowboy1218

7 жыл бұрын

TheAtlantaMafia​ Just ignore everything else that was said. Yup, he blamed it all on race! I think it would be silly to talk about American Economics without discussing race but you can choose to ignore race, that's on you. Have a Great day.