Why won't trickle-down die? (with Mark Blyth)

Pitchfork Economics with Nick Hanauer

Civic Ventures

Business, Government, News, Politics

4.8 • 1.5K Ratings

🗓️ 11 October 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

While President Biden has embraced middle-out economics here in the states, the UK’s new leaders have decided to enthusiastically revive trickle-down economics. Political economist Mark Blyth, who teaches International Economics, shares his thoughts on the United Kingdom’s troubling new budget policies, certainty’s role in building an economy, and much more on this wide-ranging episode. Mark Blyth is Director of the William R. Rhodes Center for International Economics and Finance. He’s a professor, author, and political economist. His latest book, Diminishing Returns, is out now. Twitter: @MkBlyth Forget trickle down, what the UK needs is middle-out economics https://www.theguardian.com/politics/2022/sep/25/forget-trickle-down-what-the-uk-needs-is-middle-out-economics Angrynomics by Mark Blyth and Eric Lonergan https://angrynomics.com Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon Instagram: @pitchforkeconomics Nick’s twitter: @NickHanauer

Transcript

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0:00.0	I want to tell you about a podcast we think you'll like calling bullshit, the first podcast
0:06.3	about purpose washing that digs into the difference between what organizations say they stand
0:12.4	for and the actions they're actually taking. Being purpose led is one of the most important
0:18.2	actions a modern business can take. And the calling bullshit podcast is here to show you
0:24.0	who's walking the walk and who's just talking the talk. On each episode host Ty Montague digs
0:31.3	into a company's purpose statement and asks hard questions like, is BP actually living
0:37.8	up to its new climate-friendly purpose? Is Airbnb success negatively affecting residents
0:44.4	of cities where they rent out homes? And is Jewel living up to their purpose of helping
0:50.0	adult smokers quit smoking? Hmm, let's call bullshit on the businesses that deserve it.
0:56.5	Listen to calling bullshit wherever you get your podcasts. A lot of economic problems in the UK,
1:04.3	even worse than in the US. The trickle down stuff coming out of the trust government,
1:11.7	it's like a Saturday night live sketch. If you go talk to like, you know, economists under 40
1:17.6	and you said, what do you think of trust? They would all be on the floor laughing as well.
1:21.1	There has been tremendous change in the discipline already, but just that it takes a little bit of
1:26.0	time for that to filter in a public consciousness. From the home offices of civic ventures in downtown
1:36.0	Seattle, this is pitchfork economics with Nick Hanauer, the best place to get the truth about who
1:41.7	gets what and why. I'm Nick Hanauer, founder of Civic Ventures. I'm David Goldstein,
1:54.5	senior fellow at Civic Ventures. Apparently, Nick, you're not satisfied just being a bomb
2:05.7	thrower here in the United States. You're often the UK thrown bombs in the editorial pages too,
2:12.8	I say. I am. I've been in the UK less than a week and already antagonizing my friends, Eric
2:19.8	Binocker. And I have a piece in the Guardian slash observer criticizing the new government here,
2:29.5	the trust government for the criminal stupidity of this trickle down economic agenda.
	...

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