The Dissenter #122 Mark Blyth: Austerity, The European Union, Inequality, and Global Trumpism
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Dr. Mark Blyth is William R. Roads Professor of International Economics at Brown University. His research interests lie in the field of international political economy. More specifically, his research trespasses several fields and aims to be as interdisciplinary as possible, drawing from political science, economics, sociology, complexity theory, and evolutionary theory. His work falls into several related areas: the politics of ideas, how institutions change, political parties, and the politics of finance. He’s also the author of books like Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century, and Austerity: The History of a Dangerous Idea.
In this episode, we talk about the origins of the economic idea of austerity, and its development over history. We also tackle the notion of ordoliberalism, and how it connects with Germany, and how the European Union was economically structured. How the 70’s stagflation and the global financial crisis of 2007/2008 changed the course of economics and politics. And also what Dr. Blyth calls the phenomenon of Global Trumpism, and political populism on both the right and the left. We finish up by talking a bit about current economic issues, notably economic inequality in the West and global warming, and how to deal with them.
Time Links:
00:40 The origins of austerity
04:34 Ordoliberalism
07:41 The economic structure of the European Union
12:13 The 70’s stagflation and austerity worldwide
16:59 The global financial crisis of 2007/2008
22:13 Could it have been handled differently in the EU?
26:13 Global Trumpism, and populism on the right and the left
31:55 How to properly deal with the current economic issues
36:41 Follow Dr. Blyth’s work!
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Twitter handle: @MkBlyth
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