Prof. Mark Blyth: What is wrong with austerity? 

Very enlightening video, There’s this woman I got in touch with during the 2020 lockdown which cost me my job. Davina Norman helped me manage my assets by introducing my to the best trading platform and strategies, I earned a lot of $$$ working with Norman at the comfort of my home. I still keep in touch with the amazing lady

Thus guest, so impressive-You understand your privilege, and are OUTRAGED That future students are no longer able to get the education motivated people deserve.

31:07... the sheer brilliance of that explanation of austerity's sales pitch!

Mark Blythe is excellent speaker and political economist. I thoroughly enjoyed his books and lectures.

Welfare state aside, right now we have to be talking about and concerned about the class genocide state.

Great interview, on both sides! You do an excellent job asking questions that demonstrate your grasp of the topic and draw out the guest as an interlocutor. I've been watching old lectures of Leo Panitch from the 2010s, including his analysis of the resurgence of the radical Left (Corbyn, Bernie, Syriza in Greece, Podemos in Spain). Panitch also revised Marx's obsolete theory of imperialism in the context of American Superpower after 1989. Unfortunately, Panitch died from Covid, but you might invite his comrade and co-author Sam Gindin on as a future guest, to discuss how their analysis has evolved or changed from the 2010s to the 2020s. Mark Blyth reminds me of Panitch in his grasp of the global mechanics of capitalism. Panitch was a Marxist but not in a dogmatic way, he knew that classes are not "made" once and for all but are constantly remaking themselves. That's what makes a class revolutionary, its ability to remake itself and to remake the world in its own image. That's what Marx himself respected about the bourgeoisie, its revolutionary dynamism. Panitch also said that the proletarianization of the Global South will necessitate a transfer of wealth and reduction of living standard for the Global North, so we must find a way to recast how we view the inevitable transfer of wealth from North to South. It seems to me that austerity is partly about making the lower classes bear the burden of this transfer so that the capitalist class doesn't have to suffer any loss or reduction. Anyway, I'm looking forward to your next interview!

Que negocios administra Mr. BLYTH?

Great interview. Leftists may not have to give up their radical theory, to engage with Keynesian economics. Blyth may overestimate the redistributive power of the free-market, but he is right on the point that the welfare state is important, as long as we are living under capitalism.

Woaoooh! This is a great talk! I'd like to invite you to my youtube channel, Jyotishman! YOu are incredible. I remember reading Amartya Sen's Development as Freedom where he talks about usury and prodigals. I have a limited understanding, but Smith as a man, had he been alive, would be getting sick at how much his works have been distorted. In fact, when I was listening to Wealth of Nations, I was struck by how much it sounded like Management accounting.

Time stamps pls

Short answer to video's title question: Austerity is history's most effective (and "stealthily clean") weapon of mass destruction.

Great interview. I have never heard a question put to Professor Blythe as to what is the solution. Does he think a socialist solution would resolve these fundamental issues of income inequality and planetary degradation? Is Capitalism going to just continue to run over everything until a dystopia is inevitable?

I thought I liked Mark before. Then I found out he’s a bass player ❤❤❤

There is a limited need for college or university professors.

Austerity is completely counter-productive by its own terms!

Excellent interview. Brilliant questions.

Good interview!

Great topic!!

Girls, boys & others from the US and Canada, "liberalism" discussed here is "economic liberalism". 🙂

👍🏼

great interview. political thought, economics and fun!

Aww, that's a nice opening there.

Thank you - excellent. D.A., NYC

This is a brilliant channel. Great interview

Working class background or not, Mark is speaking from the perspective of an investor who is worried that the value of UK assets he holds will decline because of left-wing economic policies, not a blue collar worker getting shafted by the boss, or someone struggling in poverty who would benefit from Corbyn's policies. He is basically pushing a very mildly progressive investor class perspective.

Another great interview on this channel, keep it up!

Great channel.

I'm obviously not pushing for austerity, but...that isn't why someone like Finkelstein can't get work as a professor, or why Grover Furr (