How about something different on 'Brexit"? ... Prof. Mark Blyth on the Brexit vote

[Mika]

Mark Blyth on the Brexit vote

Mark Blyth, professor of Political Economy at Brown University, talks with ‎AthensLive about the #Brexit vote and the ramifications on the ‎UK and across ‎Europe. He also considers the current situation in ‎Greece and the long run effects of what he calls "Trumpism".

A revolt against technocracy.

[Jemmons]

1. "The Hamptons is not a defensible position"

Comedy gold!

[liberalmike27]

7. Yep

"Very hard to defend a low-lying beach. Eventually, people will come for you."

[Jemmons]

14. Meanwhile near a Long Island beach.....

Apologies to any serious persons around...

[Chakab]

2. Here's an extended interview that Prof. Blyth did with Sam Seder last week.

[Mika]

6. Thanks for posting this. Good interview!

[brush]

3. So he's saying Brexit was good.

[Mika]

5. He's saying it is a reaction to the corporate overlord's activities and future plans.

The so called "Free Market" set up all in favor of wealth and corporate transnationalism.
Loss of democracy, sovereignty and Austerity for the citizens.
At some point a revolt will occur. Looks like it's starting to grow some legs.

[Chakab]

11. No, he's laying out the reasons for the vote. If you watch the Seder interview that I've posted, he

makes it clear that he's not anti-EU. However, he is vehemently opposed to the common currency due to the restrictions that the Germans impose on other countries.

[brush]

12. I only watched the OP video. The UK kept their own currency though, right?

[Chakab]

13. Yes, but the Euro disucssion is included as part of his general assessment of the context of

the current situation.

[liberalmike27]

4. Brexit, pretty misrepresented in our media

It's portrayed as some horrible, racist plot, to attack poor immigrants. In truth, like he says, it ties in to the misery created by globalization, by the rich putting ordinary workers in competition with people who drink rainwater from puddles, and hook up to the electric grid with Jumper cables, so they can play their transistor radio, in their hovel tent, in the shanty town next to the factory.

Thom Hartmann has been taking this position since the vote. It's not racism, it's the jobs stupid, it's the economy. Wages are in the tank, mechanization and robotics are taking over, and neither party gives a crap about the middle class, much less the "unmentionable" poor.

This guy is fantastic, and far closer than anything on our absurd MSM's small range of right-wing, to far right-wing. I've stopped watching any MSNBC, even abandoning Rachel two weeks ago, with her horrible treatment of our candidate. But I suspect it's reporting it as a stupid, racist move by the clueless British people too. In truth, it is just workers, who feel they have no say or party anymore, voting to keep their jobs. And it hurts the rich, mostly, exiting the EU.

I loved his last comment, about "The Hampton's." "Very hard to defend a low-lying beach. Eventually, people will come for you."

[Jemmons]

8. This is the full "interview" that the OP video is cut from....

This is the full "interview" that the OP video is cut from....

[Mika]

9. Thanks for posting it.

[Jemmons]

10. "...you need to pony up the cash. Dont kid yourself otherwise."

Blyth on the Germans and Greece:

"So the germans have this thing about "we dont want this to become a transfer union"

What do you think you are in? At the end of the day you are transferring labour, skills, responsibilities, it goes with the gig. And you did an undervalued exchange rate by having your super efficient economy buried in all these less efficient economies so that you can sell more BMW's to the Chinese. The quid-pro-quo for that sometimes is that when Greeks get into trouble you need to pony up the cash. Dont kid yourself otherwise."




Blyth is quickly becoming my favorite economist.