Miracle of miracles, a working professor of Political Economy at Brown talks more sense in 5 minutes about the EU than the entire journalistic caste has said in 15 years. How did he get hired?

@richwilliam3378

7 жыл бұрын

And even more interestingly, how does he keep his job?

@Ansatsunin

7 жыл бұрын

Or even stay alive?

"...the hamptons are not a defensible position. The Hamptons are on a low-lying beach. Eventually the people will come for you.." He's got that right.

@bluntintro6435

7 жыл бұрын

That quote really resonated with me. He's spot on.

@alloomis1635

6 жыл бұрын

alas, long before the proles land on the hampton beach, the nobs will be on their private isle in the Caribbean. getting democracy is simple. but the poor couch potatoes can't imagine organizing to extort the running of the nation from the politicians by the electorate. their education was weak in political philosophy, their sense of community destroyed by immigration, and continuous assertion that 'freedom' is best. which it is, for the rich.

@matthewcondie4052

4 жыл бұрын

why wait?

@poi2lkj3mnb

4 жыл бұрын

Now is the time

@igoronline

4 жыл бұрын

Prophetic xD~~

Blyth is intimidatingly articulate. Five years on and this still gives me goosebumps.

@Fragenzeichenplatte

Жыл бұрын

Why? Do you enjoy fictional stories?

@Fragenzeichenplatte

Жыл бұрын

@@tsijr915 What? That makes no sense.

I going to have to start paying attention to what Mark Blyth has to say. Well done Mr. Blyth.

@RajaVinayChandra

8 жыл бұрын

A good place to start would be his excellent book, "Austerity: The History of a Dangerous Idea" or his Google Talk on the subject.

@davidsmart8594

8 жыл бұрын

I've just discovered him as well...very interesting viewpoint...Thank You Athens Live.

@Fragenzeichenplatte

Жыл бұрын

I hope you didn't pay attention because it's not that great.

Those last lines re the Hamptons were chilling.

@mikestaihr5183

8 жыл бұрын

Chilling? I think it is heartening.... and would be certainly deserved.......... :-)

@maartenvanleeuwen4481

8 жыл бұрын

Did you see Elysium?

@cyberspore00

8 жыл бұрын

If you're a businessman, invest in rope.

@1873Winchester

8 жыл бұрын

They filled me with a warmth, personally, a happy glow.

@matthewchristovich

8 жыл бұрын

The truly chilling thing is that the elites are so insulated from reality that they won't make any changes. The problem of the global elites is a tragedy of the commons. They're not a big conspiracy; there is no controlling element to appeal to, there is no guiding hand. Every one of them assumes that this state of affairs is normal, and any individual would be an idiot to try and 'fix' what isn't broken. All of these rich people compete with each other to get a bigger share of the pie, while ignoring the people whose backs they stand on. I honestly believe it will be like the French Revolution, with members of the nobility literally losing their heads while still holding thoughts of disbelief regarding the poor's ability to take their position from them. Entitlement is a scary thing.

Damn this guy is so right, couldn't agree more.

@DPest86

8 жыл бұрын

Tool! :)

Shit hot analysis of the situation. This man knows his stuff

I absolutely love this and I agree with the analysis. Support from Denmark.

Yes yes yes! That's my people. I am part of this. He F**king said it. Yes.

I would like to thank to whoever made the subtitles.

Never heard a better analysis. Exactly that happend here in Germany!

Hit the nail ABSOLUTELY on the head!

A Right on perspective . Thank you thank you...for coming out with what needs to be said.

As a graduate of Brown University many moons ago I was extremely impressed by Professor Blyth's analysis. Perhaps if we change our entire paradigm towards one of mutual cooperation we can survive the future of our own making.

@ddicin7759

7 жыл бұрын

In other words, sharing. Agreed but the wealthy who run the show aren't really into 'sharing' their money with the plebs from whom they took it in the first place.

@equipoise-sailing

4 жыл бұрын

@@ddicin7759 "There are only two roads, victory for the working class, freedom, or victory for the fascists which means tyranny. Both combatants know what's in store for the loser." ~ Buenaventura Durruti

@Mrjmaxted0291

4 жыл бұрын

unfortunately that isn't the character of the revolt that is brexit. It has taken on a strictly nationalistic character, swaddled in issues of race and Islamophobia. The British brexiters aren't committed to a mutualist project, they're pushing for a white English ethno-state.

beautiful. concise. insightful. truth.

I'm delighted that he mentioned Technocracy. That's a term that has to enter public consciousness because it is not a good thing and a technocratic system is slowly and quietly being ushered in especially due to the lack of investigative journalism going on in corporate media. If people knew it wouldn't be happening.

@fietspompje259

2 жыл бұрын

Technocracy is a great thing in the sense that you want people with specialized skills (Engineers, Doctors, Professors) in certain areas to have some say in how their sectors are run. At the minimum in some kind of advisory capacity. The problem is that the version of technocracy that we have is one where we are run by a collection of corporate lawyers and economists with rather dubious ideas.

@Fragenzeichenplatte

Жыл бұрын

Why is it a bad thing? You never said. If it's so scary how come you don't mention any details? I thought you cared about people knowing so it doesn't happen and here you are hiding knowledge from us.

eventually they'll come for you

I can't believing he delivered that without a script.

Brilliant & dead on.

Well done that honest man with his head screwed on

Gosh, I LOVE this and have listened to other presentations plus the full interview. HE HAS IT RIGHT!!!

Lol love the line "Eventually people will come for you"

ive shared you on facebook, thank you mr blyth for bringing reason to our world.

4:08 'Very hard 2 defend a Low (down) Lying (Son of a) Beach - eventually they WILL come for you. I ❤️ Prof Mark Blyth's BRILLIANT wit - calling people rude names with plausible deniability!

3:56 - “At the end of the day, as I like to say to my American hedge fund friends, the Hamptons is not a defensible position.... Eventually people will come for you.”

He's spot on!

Excellent .

spot on.

great video, thank you

ouch. thats such a brutal assessment.

As I like to say our economies have switched from Trickle Down to Trickle Up,

@malkyc1

8 жыл бұрын

so right pal!

@matthewchristovich

8 жыл бұрын

More like Vacuum Up.

@thesouluniversal

8 жыл бұрын

indeed it was a literal vacuum up in cyprus.

@chriswilson3009

7 жыл бұрын

Its been like that since interest was charged for borrowing money

@jimwu1398

7 жыл бұрын

There was never a such thing called Trickle Down economics, and something that never existed could not possibly have been our economic model. It's a lie invented by the Left, who seek to control economy and people's livelihood, to attack free market economy. Read it up before you write things. I also suspect you buy into the garbage about tax-cuts being "subsidies for the rich", which, again, is a hugely fallacious statement in many degree. I urge you to read up economics, and obviously not from the Left, before you form an opinion. I suggest Sowell's Basic Economics for starter, because it's the probably the easiest comprehensive economics book to read.

so true just made it all transparent. like a light bulb going on.

Yes yes yes !

For a minute I thought he was talking about how the workers in the USA where getting screwed. Got me scared for a minute.

Minor suggestion to a very appreciative viewer: I think you meant to type "Trumpism," not "Trampism" (as you've written in the video's description). Cheers for the great upload!

His analysis about the Euro is incorrect. The "one side running the surplus" here is presumably Germany in which case who is the other side who are not allowed to run a deficit due to "the rules"? Does he mean Greece? in which case which rules is he referring to? The Maastricht Treaty allows Greece as a Euro member to run a deficit of up to 3%. It is the deal with Greece's creditors (Germany and France) that requires Greece runs a surplus not the rules of Euro membership. Does he think Germany would be offering a better deal to Greece if it wasn't in the Euro? He's missed a key part of the economic background here. The continuation of Thatcherite policies in UK (Blair) and also in France (Mitterand), Italy (Berlusconi) and Germany (Schroeder) were specifically about reducing the bargaining power of labour. That is the key. Reducing the bargaining power of labour inevitably leads to lower real wages for the majority of people (as they are workers) and this reduces aggregate demand which in turn leads to lower demand for labour which in turn leads to lower incomes which leads to lower aggregate demand and so on in a death spiral. The only way to avoid this spiral under such policies is to replace the falling wages with another source of demand. In UK this has been done through private debt aided and abetted by rising house prices against which people could borrow. In Germany where it is harder to put up house prices and people are more averse to debt for cultural reasons, the answer has been to export more and the source of this has been debt in other countries. The only problem is that this cannot go on forever, eventually creditors want their money back from people who can't pay it back and house prices stop rising and indeed crash. What happens next is crisis and stagnation which then leads to political disillusionment. People are lining up to blame the Euro for the debt crisis in Europe (despite the fact that UK had one of the biggest falls in GDP in Europe after the 2008 crisis and UK is not in Euro, ditto Latvia and Hungary) which is a shame because they then miss the real problem which is the poor bargaining power of labour.

@edwardtaylor9387

6 жыл бұрын

kasegi Yabu He says "One side's not allowed to run a deficit because of the rules" which is not true, it can run a 3‰ deficit. Why you think that by this he means Greece is limited to running a 3% deficit I don't know. Greece needs to run a deficit although how much I can't say, yes maybe it needs more than 3 % but that's not been demonstrated to my knowledge and it needs to reform its tax system and it needs debt written off and some grant aid. Europea needs a set of civilised rules about debt between member states so that people and their health care systems and education systems cannot be used as collateral in debt negotiations and truly independent bankruptcy courts should preside in cases where repayment obligations cannot be met. This would make creditors more cautious beforehand which would be no bad thing.

@cockoffgewgle4993

5 жыл бұрын

Greece could print money if it wasn't in the Euro. Free movement reduces the bargaining power of labour immensely.

Yes, it doesnt end well for Greece,Italy, Spain, Portugal, in fact, the whole eurozone is grinding to a halt, to protect the Euro, Not the electorate, Scotland would be the next casualty if they are daft enough not to use their eyes...

61%? Try 55 and now 45. The tide has turned but unfortunately so has the SNP.

Smart bloke.

Let’s suppose we do away with the Euro. Should the individual countries go back to their national currencies? Or is there another solution while keeping the euro but making some changes? Your ideas? Possible solution other than coming with the pitchforks?

@mariuszfurman4767

2 жыл бұрын

The solution is NORMAL Euro, issued by normal central bank, equally use in every EU country and by every local government and one system of issuing euro bonds. Can you imagine yourself country people use different currency depending of personal tax tier? To use euro now you have to be fairly reach and have a good credit rating. How it would work in normal Country? The government debt of countries using exactly same currency has different interest rates now. Imagine yourself go to the bank, ask for a loan in eight different languages and receive eight different answers. This was ONE of the reasons of Greece crisis - everyone knew they lend to Greeks but expected they will pay like Germans. Feew other problems are linked to the half baked monetary and political union. So, yes - the answer is federation, with normal central government, normal central bank, normal finance, normal citizenship etc.

@TnegaLibram

5 ай бұрын

(Responding to a 4 year old comment) Well, they can't go back to their national currencies, as Professor Blyth has said elsewhere. If you have any money that is denominated in Euros, and you hear that your home country is bringing back their own currency, do you just leave your money in the bank in your country, accepting whatever exchange rate the government gives you, or do you open a bank account in a foreign country? What's the better exchange rate, the market, or what your home country sets?

The Morlocks are hungry!

Make Greece Great Again! Vote Trumpsism!

Sounds like he is explaining the origins of French revolution...

@victorialadybug1

4 жыл бұрын

And the Russian.

So democracy has to be dependent on the thought that "eventually people will come for the bad guy elites?"

Man is brilliant .

.... that was fuckin awsome !!

Mark Blyth is God

The Hamptons is NOT a defensible position.....I love it

The pitchforks are coming.

does the full interview come today?

@athenslivegr2681

8 жыл бұрын

yes, any minute now

@mr8ty8

7 жыл бұрын

Great rebuttal. Soon my country has elections and i am out for the Nexit vote.

@simbamartens7192

7 жыл бұрын

mr8ty8 Are you SP or PVV?

@mr8ty8

7 жыл бұрын

PVV as there is a global shift towards right for a reason.The left policies have failed.Need to rebalance

@simbamartens7192

7 жыл бұрын

mr8ty8 The left's policies? Don't you realise that most of the so-called "left" parties like Pvda are failing precisely because they have moved to the right and abandoned the working class. Slowly but surely the welfare state is being eroded, faster in some places than in others (e.g. the USA) but in Holland too. What kind of "left" party votes to abolish free tertiary education like some "leftists" did in Holland. My friend the policies of the right are not going to help the working class. So we stop building mosques and then what? It brings back jobs? It brings back studiefinanciering? It stops austerity? I will give Wilders credit because he endorsed some leftist policies like abolishing the eigen risico for health insurance but it is all rhetoric. I don't believe that an insurance salesman is going to do anything substantial to reform neoliberal capitalism. I agree with you, the establishment parties have failed, but Wilders is the wrong answer to the right questions.

and that is exactly what happend in the UK.

time for a revolution

HAPPY NEW YEAR dear comment reader! Well... here we are, 2019, the sparks of revolution being struck in France, the government shut down in America, the giant middle finger to the establishment only grows longer by the day. I imagine that Hampton real estate is beginning to sweat. LOL!

It's what we've been saying all along. Fantastic to see a professor with sense speaking out.

@thekaratekidpartii2169

7 жыл бұрын

yeah, someone who sounds coherent and, clearly, quite clever. you should try it, carl.

@ShakinJamacian

7 жыл бұрын

You gonna do a video on Blyth, dude? I think it would help raise awareness to some of the concerns and comments you've been raising on your channel.

@simbamartens7192

7 жыл бұрын

Trump, Le Pen, Wilders, they are the WRONG answer to the RIGHT questions!

@ShakinJamacian

7 жыл бұрын

Simba Martens Absolutely. Neoliberal failures cannot be solved by neonationalist fallacies. I'll ask you a question: where are the policies to care for people who are going to lose their jobs via automation and AI? These guys will suffer like the Rust Belt in the next decade: no answers to a real issue are being raised, and yet production and prosperity from that level would raise to ever higher ranges. Trump will inherit an economy facing the problem of automation, if the White House and Barack Obama have any credibility on the data. A machine is not a minority, so who can the right blame?

@simbamartens7192

7 жыл бұрын

ShakinJamacian I personally believe that unoversal basic income is among the solutions. It's estimated that within the next 50 years close to 40% of the jobs could be automated. During the Great Depression unemployment wasn't even 40% it was around 25% and look at the chaos that resulted from that. If we don't do anything there will surely be social unrest, levels of inequality that make current levels look like communism and violent revolution will follow not to mention problems of climate change. The answer is to redistribute the Wealth created by robots in the form of basic income or everyone working only 2 hours a day and having a personal robot to do manual labour in the factory for them.

It is all very puzzling. The EU is too right wing, so people who are losing out and then vote for a political agenda more right wing which will further impoverish them.

Wish he would go on LBC and talk to that clever bloke wotzizname

5 years later and I'm waiting for his predictions about the Euro to come true.

@eccehomer8182

Жыл бұрын

How's things going in Italy at the moment? Have you also forgotten about Les Gilets Jaunes?

@Fragenzeichenplatte

Жыл бұрын

@@eccehomer8182 Well, how are things going? Go ahead and outline your argument that relates to the video, don't just ask me if I have forgotten something.

@Fragenzeichenplatte

Жыл бұрын

@@eccehomer8182 I am waiting.

@eccehomer8182

Жыл бұрын

@@Fragenzeichenplatte LMAO. It took a year for anyone to react in any way to your post and you get impatient after half a day. Sorry, but I didn't get the memo stating I was at your beck and call... some of us aren't coomers wanking in front of the computer all day long... some of us have to work. And frankly, with that attitude you can carry on waiting. 👍

@Fragenzeichenplatte

Жыл бұрын

@@eccehomer8182 How weak. You ask me a question and then you run away.

Since brexit wages for people at the bottom have increased

The Jimmy Dore Show brought me here.

Brexit isn't About euro !?

If he's saying "democracy is irrelevant" isn't he saying "the elites win no matter what?"

@PunksterOS

7 жыл бұрын

Is that what he was saying? I don't think he was. He said if the elites are going to ignore the democratic vote of the people by going ahead and doing what they wanted anyway, then they are proving that democracy doesn't work.

@silphaatrata

7 жыл бұрын

That is not really all he said though. His closing was very clear. If the police, military (where a majority are earning like shit) lose faith with the system. It is free for you or anybody else to go to Long Island and take what you want or hurt who you want. And then it is in essence game over for the elite. Extremism will grow until the elite realises they need to share the wealth or lose their heads.

And so the oppressed vote Tory . That will help them ?

@antediluvianatheist5262

4 жыл бұрын

No. But they think the Tories will 'get brexit done' And they are sick of it. The Tories of course, lied about this, the exact same way they lied about not privatising the NHS etc. But if you don't know that, it seems like it might be worth it.

If you voted for Brexit because euro currency when (then) UK adopted euro??? Have I missed smth

@erzsebetnilsson580

4 жыл бұрын

you get real.... the EU was heading for to push the UK for to adapt the Euro. and now they know that those countries which kept their currencies will leave if they will be forced for to adapt the euro.

Basic problem with Mark, he doesn’t realise that prior to the stating of the law of gravity ordinary people knew if you jumped off a cliff you would fall to your death!

@alst4817

Жыл бұрын

Hi james, sorry this is 4 years after your comment! Can you explain what you mean?

Blyth also called the brexit voters stupid for voting owt in front of and presumably playing up to an American audience. Blyth takes the yankee dollar but consistency is more convincing.

@erzsebetnilsson580

4 жыл бұрын

listen it again and again and again until you get it right about him. It seems to listening only to your own brainwashed opinion

with rope in hand.

His criticism regarding social democracy and the "elites" is correct, but is apparent anti-globalisation stance isn't. Globalisation has indeed been good for the majority of the world's population. In fact the only people to have suffered as a result of it are the western working classes. The problem was/is that those governments didn't invest enough to offer and create alternatives for these people and basically more or less abandoned them as he again correctly says.

@genestarwind928

6 жыл бұрын

everyone in the world can't be programmers and doctors.

@tybofborg

6 жыл бұрын

He wasn't talking about his anti-globalization stance. He was talking about the reasons behind the rise of global Trumpism. The majority of the world's population didn't vote for Trump, or Brexit, or Le Pen. The western working classes did. Mind you, Le Pen did lose. But look at what Macron is doing, or planning to do. You'd think by this time he would have figured this out, but no. Tax cuts for the rich, budget cuts for social services, concessions to business in workers' rights. Neoliberalism is as neoliberalism does. Le Pen has nothing to do but wait. Btw okay, let's say the developing world gets richer, the western working class gets poorer. Is that some kind of path to equality? Yeah, equality in poverty that is. The global 1% is gaining more wealth than anyone. Just 8 people own as much as the bottom 50%. Good luck scraping by and dealing with the fallout from the exploitation and pollution of natural resources!

@iratepirate3896

6 жыл бұрын

Yeah globalisation is good for everyone apart from the lower classes of the western countries most active in propagating it.

How does one revolt against the elites by supporting Jacob Rees-Mogg?

I don’t understand his point. While he’s very good at talking the fact is that the elite and the rich do want brexit in the U.K.

@equipoise-sailing

4 жыл бұрын

Some do and other dont. They are not one homogeneous group but they have a singular aim (to garner wealth and power by any means which they will even screw each other over for). The result of a Tory brexit will be a low tax, low regulation economy which some elites see as bad because it threatens them as they build things where others (disaster capitalists like Moog) love it because they make money from destroying things.

@erzsebetnilsson580

4 жыл бұрын

the elites is regulated by law while in the EU by the EU law which is so complex and unfinished that not even them know it all\i am not against the EU but against the euro to be adapted in all counties.

So make a rational use of the education available.

blyth is willing to tell the truth, and has the research to make it stick. but the chinese have a saying which is apposite: "i play my [lute] for cows." the cows hear the truth but their reaction is not to pick up torch and noose and gather around the hall of power in grim silence, it is to say, "so true" then go to the pub and forget about reality. the wolves hear him speak the truth and smile, because they have taught the cows to go to the pub. humanity may well be on the path to extinction, simply by tolerating the rape of the planet. or perhaps the lower orders will be bred into service automatons and simply lose interest in life. extinction does not necessarily come from irresistible cataclysm, sometimes it creeps with slow loss of capacity

Seems Clintonism would be a more apt name

@joshuabrant3487

8 жыл бұрын

He's saying the insurgent right wing parties are Trumpism

@djedd23

8 жыл бұрын

No... Trumpism is the response to years of 'Clintonism'. Do people here not understand what he's saying?

@genestarwind928

6 жыл бұрын

No, it's not necessatily right or left, it's anti establishment.

Nice speech well put together unfortunately it's mostly utter bollocks and serves only to defend his own narrative. I could equally put together a similarly uncompromising defence of the European project . Mark Blyth seems to me to be in the George Galloway school of I love the sound of my own voice.

@nudgenudgewinkwink3212

4 жыл бұрын

"I could equally put together a similarly uncompromising defence of the European project" Go on then.

@chrisalexander2729

4 жыл бұрын

@@nudgenudgewinkwink3212 really, ok get me a suitable audience which we can film and post on you tube and you're on. Or a very amenable interviewer let's compare like with like shall we ?

@nudgenudgewinkwink3212

4 жыл бұрын

@@chrisalexander2729 Why do you need to do that you have the worlds biggest platform on KZread right now to convince everyone who watched mark Blyth's interview that he is wrong..

@chrisalexander2729

4 жыл бұрын

@@nudgenudgewinkwink3212 well perhaps I will but not at 22 45 on Thursday night thanks it would take preparation and research and I have work tomorrow. I said I could I didn't say I was going to.

@nudgenudgewinkwink3212

4 жыл бұрын

It's late for me too bye for now.

Who is this guy? Why have I never heard of him before? Why do I want to have his babies?

@erzsebetnilsson580

4 жыл бұрын

Are you alright ?!

TRUMPISM not trampism!

This Mark Blyth might be a professor but doesn't understand a thing about the Technological Transition which is taking place and unstoppable. Guess this is the general problem of all so called scientific economists. Referring to old patterns and models which are not about the actual future.

blyth has many charms, but he does insist on labeling elective oligarchy as 'democracy.' this is doublethink, the control of the proles though thought control based on language control. there are no democracies, with the limited except of helvetia. and without democracy, the people will never enjoy justice.

Your position is under-theorised. What is your ontology?

I think Trump is the only hope

@erzsebetnilsson580

4 жыл бұрын

for what and for who?!

Hail trump!

Bollox. 🤣

Poor Mark must be squirming everytime a video pops up, wishing that they’d take them down. Must be really embarrassing to be so wrong Mr-Brexit-is-great-for-the-working class. Let this be a lesson for leftists there’s a difference between being counterintuitive and simply absurdly and embarrassingly wrong.

I can't understand him very well as he garbles his points, so I can't say for sure whether he is talking rubbish. I know when he says 'Trumpism' I get a sense he is talking out of his hat....

@DSCcolours

8 жыл бұрын

I've watched it a couple times and it actually all makes sense, though he does jump around a bit. I think he's referring to Clintonism and he wanted to use a buzz word of Trumpism instead.. Will have to find out in the full interview.

@kell4674

8 жыл бұрын

I'm glad someone else noticed that. I think that's why the journalist questioned it too. Pity Blyth took it the wrong way and thought the journalist didn't know what Trumpism is.

@DipsyMum29

8 жыл бұрын

You can't read can you?

@peteradaniel

8 жыл бұрын

+Kev M no he means Trumpism. It's a nationalistic, nativist, xenophobic reaction against the lies and deceit the establishment centre left politicians have been selling to their base over the last 20 years. So the trade unionists and ex industrial workers which formed a solid base of left wing parties are jumping to the far right (trump, lePen, UKIP Ndp) in protest against the centre left trade agreements, which have subsequently killed their industries. Thinking that because Trumpist fly their flags and speak about national pride, it will mean they will reinvest in national industries and introduce protectionism. Which we all know is absolutely impossible. I've seen it first hand here in the UK. Labour strong holds in the North overwhelmingly voted for Brexit even though the party elites supported remain. Even look at Ohio and Pennsylvania, states Clinton should be winning in November, but are currently polling equal if not better for Trump.

@DSCcolours

8 жыл бұрын

+Alex Daniel thanks. I was a bit confused with the way he was jumping around a bit.