Mark Blyth on Austerity

A Watson Institute video on the global trend toward Austerity budgets featuring Mark Blyth.
Directed by Joe Posner.

Produced by
Brown University's Watson Institute for International Studies (watsoninstitute.org) in association with the Global Conversation (globalconversation.org) and Global Media Project (globalmediaproject.net).

Mark Blyth is a professor of International Political Economy at Brown University and faculty fellow at its Watson Institute for International Studies. He is writing "Austerity: The History of a Dangerous Idea," forthcoming from Oxford University Press in 2011.

Category:

Nonprofits & Activism

Tags:

• Mark Blyth
• Watson Institute
• Brown University
• Austerity
• Global Economy
• Financial Crisis

[Brownuniversity]

@mrstraightforward Some YouTube users are hard-of-hearing and others prefer subtitles.

[Raynes79]

What do you mean the 2 Trillion has to be paid. It was created out of thin air in the first place. How about we cancle the world debt, hang these greedy fucking bankers and start printing and issueing debt free money. Problem solved. No such thing as can't.

[hahaha44602]

truth!

[braithmorgan]

Love this guy... explains simply why austerity won't work... but I'd bet there are some that still won't get it... O well... very nice video...

[PiedPiper97601]

To the point.

[fenwayfan2434]

@AntiNeoFascist you took the words out of my mouth, seems like no one considers cutting money from "defense" and corporate welfare

[AntiNeoFascist]

Doesn't it kind of depend on what you're cutting? This is the same type of mistake of looking just at aggregate demand without understanding the richness of the data behind that aggregate. How about we start with eliminating govt subsidies, govt loans to corporations, tax credits, special projects, etc. I mean in the US, Ron Paul has talked about eliminating 1 trillion dollars in one year. Seems excessively harsh, except this is equivalent to 2006 level spending. Not exactly the stoneage.

[polymerizedrecords]

This video translated to Portuguese has over 135k views:

/watch?v=E1Kzp5EVUWg

Congrats to Brown University and Mark Blyth.

[muhammadzahmad]

uninteresting topic...there are a lot more topics to be talked about...

[katheryncruz24]

Nice.

[DOHC2L]

@daveny1979 Rather than giving me your views on what motivates the GOP, tell me how the financial crisis is responsible for the national debt...

[daveny1979]

@DOHC2L it IS responsible for the surge in the deficit the past two years and attendant increase in the debt, which the GOP has glommed onto as their reason why the debt that *their* policies have actually done the most to create is suddenly a "crisis" which must be addressed with austerity measures.