Why The World Is Getting Angrier, And What Says About The Economy
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 6 July 2020
⏱️ 45 minutes
🧾️ Download transcript
Summary
The world has gotten angrier in recent years, and the coronavirus crisis seems likely to have accelerated the trend. So what does this say about the economy, and what does it mean for policy going forward? On this episode, we speak with Eric Lonergan, a macro hedge fund manager, and the co-author of the new book “Angrynomics" about his study of the emotion of anger -- why it exists, what purpose it serves, and what it can tell us about the future of economic policy.
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| 0:00.0 | On December 4th and 5th, against the backdrop of the United Nations Climate Change Conference, |
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| 0:45.0 | I'm Tracy Allaway. |
| 0:46.0 | And I'm Joe Wiesenthal. |
| 0:48.0 | So Joe, do you think it's fair to say that people are angry? |
| 0:52.0 | Yes. For many reasons I would say that is a fair |
| 0:56.5 | characterization of how a lot of people feel these it. Yeah and obviously people are |
| 1:01.7 | angry about a wide variety of different things. |
| 1:05.0 | But I gotta say, both you and I live a lot of our lives on social media, |
| 1:09.5 | and I always feel like that you can sense public anger by some of the replies on platforms like Twitter. |
| 1:18.0 | People just get, I don't know, much more responsive and much more outspoken and angrier. That's the only word for it. Yeah, I mean there's a lot of very legitimate reasons to be angry. I would just say and it's not going to take care of you know it's not going to |
| 1:35.3 | eliminate anger but I just keep thinking boy it would be really good for people if we |
| 1:39.9 | could get a vaccine for this virus and people could get it outside and a chance to |
| 1:45.1 | return to something resembling normal life because I think the combination of |
| 1:50.4 | everything that's going on these days, the economic destruction, anger at police |
| 1:58.1 | violence, the frustration that people have of being inside. |
| 2:03.4 | People need a break and it's clearly not a good moment right now for a lot of people. |
| 2:09.6 | Yeah, I think a lot of people are sitting at home with nothing else to do except sort of |
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