Mark Blyth Book Panel: Austerity: The History of a Dangerous Idea▬ April 23, 2013 

"Austerity has never worked" as a political economic policy. "If each of us has the chance to better our condition, then capitalism overall serves everyone....If on the other hand, it doesn't, if it stacks the deck, if it skews the outcome, if it takes away from those who already do not have most of the reward to maintain the rewards of those who have got the most already, then the system is indefensible. And I don't want that to happen. So that's why this book was written." Mark Blyth

Mark Blyth has a piece of my heart!!!

To Marck Blyth.Sir you should go to Bulgaria and explain to all financial institutions how and why the austerity will never work.

Masterpiece...love Mark's heartfelt analysis....and peerless precision.

This is a great talk. One of Marks best. Seems like it might become relevant again in the post corona world.

Mark Blyth starts @ 5:35

Brilliant. His accent makes economics even more interesting, adding to an already great thesis. Great stuff! :D

What's illustrative of Blyth is that if you give a kid from the lower economic strata the opportunity for an adequate education, there is a likely chance that he will not toe an establishment party line as he progresses through that education, which is why, from an establishment point-of-view, you have to limit educational opportunities for such people because there are no guarantees they will imbibe the ideological beliefs they are expected to have if they gravitate to positions of social, political, and economic influence. Every now and then, you will get a Clarence Thomas, but not on the whole.

I really wish the young generation from Eas...cough Central Europe, for instance all those self-confident, haughty but honest and intelligent Reddit commentators from the Baltics, blinded by their ideological hatred towards anything slightly leftier than Mrs. Thatcher, I wish they could see this and started reflecting about the injustified and unnecessary pain that the antisocial ideology they revere so much has caused to their beautiful countries.

Come to Columbia!

Did anyone else notice Socrates sitting in on this? go to 1:03:51. He's sitting two rows in front of Rose, who is speaking.

Mark Blythe Max Keiser Prof.Richard Wolff etcetera sat together at roundtable could sort this whole thing out

will you be there if we come?

"They only ever do that during a war" like whats happening with Syria & Russia right now.

It ain't rocket science if no one is spending the state should

Growth cures debt, but you can't grow forever.

1:06:40 Could do a whole talk just on that!

At 1:17:00 He says the left will have to rise again.....here we come!

So... Andrew Yang will have this guy as secretary of treasury?

I guess I'll just have to buy the book and read it cause I don't understand what he's saying.

Was that "pseudo-monetarist" or "sado-monetarist"?

Debtor paradise living in a gangsters..paradise

Whats with the hand gestures in the introduction at 0:06? Innternal joke i reckon? Or is it an expression of "insert demon here" a mild skitsofrenia, angsiety attack, hatred the list goes on and on.

It creates oligarchs and the working class still pays just like now. The monopoly corporation still wins out

Austerity is an idea based on social Darwinism.

I thought that austerity meant there is no money to pay for anything, so you don’t get it. In some countries it means you starve. If we hadn’t elected Democrats, they wouldn’t have overspent, we wouldn’t have over printed, and we wouldn’t be in this mess. Cannot imagine this happening in a Mormon household

He does spout on but his idea of perfection is Turkey.