I Have Never Heard So Much Sense Talked In Such A Short Time

JD emails me – and I just have to share:

A comment at The Slog posted a video by Mark Blyth but it was ‘explained’ by some American TV show host. Don’t know if you saw it but I found the original:

Blyth thinks it is about more than the EU and he explains “it is a revolt against technocracy.”

By a bit of synchronicity I had pulled off the bookshelf the other day Fritz Schumacher’s book called “Good Work” published in 1980. It is a collection of lectures he gave during the 1970s and one of the things he emphasises in those lectures is exactly what Blyth has figured out, the problem of the economic system is that it is built around technical ‘improvements’ which are all designed, albeit unwittingly, to reinforce the economic system. Instead of ‘trickle down’ we get a further increase in ‘trickle up’ so the majority continue to get poorer and the 1% continue to get richer.

At the end of the video he mentions the Hamptons on Long Island. A very astute man is Professor Blyth!