Mark Blyth and Eric Lonergan

Angrynomics: Understanding the Rise of Global Rage

Overview

Angrynomics by Mark Blyth and Eric Lonergan is an insightful exploration of the global rise in anger and its underlying economic causes. The authors examine how economic policies, particularly those related to austerity and inequality, have contributed to widespread discontentment and anger among populations worldwide. Through their analysis, Blyth and Lonergan argue that anger is not solely a political or cultural issue but is deeply connected to economic realities.

Key Points / Ideas

1. Economic Causes of Anger: The authors propose that economic factors, such as diminished economic prospects, increased inequality, and austerity measures, are significant drivers of anger. They argue that policies designed to prioritize a small elite and prioritize short-term gains exacerbate public anger.

2. Impact of Inequality: Blyth and Lonergan highlight the detrimental effects of inequality on societal well-being. They argue that growing income disparities lead to feelings of injustice and resentment, which fuel anger and societal unrest.

3. Austerity Policies: The book explores how austerity measures implemented in the aftermath of the 2008 financial crisis have deepened public anger. The authors contend that such policies disproportionately affect the most vulnerable and further widen the gap between the rich and the poor.

4. Political Backlash: The authors discuss how the surging anger among the population manifests as a political backlash against establishment parties and traditional institutions. They analyze the rise of populist movements as a response to citizens feeling neglected and unheard in the political landscape.

5. The Role of Marginalized Communities: Blyth and Lonergan underscore the importance of understanding the anger experienced by marginalized communities, particularly in areas affected by deindustrialization and job losses. They argue that these communities face significant challenges in adapting to economic changes.

Significant Evidence and Examples

In supporting their arguments, Blyth and Lonergan draw upon a wide range of evidence and examples:

1. Austerity Measures: The authors highlight the negative consequences of austerity policies in countries such as Greece, Spain, and the United Kingdom. They emphasize that these policies led to increased poverty rates and worsened living conditions.

2. Wealth Inequality: The authors present data and case studies illustrating the growing gap between the rich and the poor in various countries. They emphasize how this inequality contributes to anger and social unrest.

3. Rise of Populism: Blyth and Lonergan analyze the emergence of populist leaders and movements across the globe and their ability to tap into public anger. They examine the reasons behind the success of figures such as Donald Trump and the Brexit campaign.

Conclusion

"Angrynomics" provides a thought-provoking analysis of the economic roots of global anger and discontentment. The book sheds light on the pervasive influence of economic policies on people's lives and their emotional well-being. Blyth and Lonergan's arguments are supported by compelling evidence and real-world examples, making it a compelling read for anyone seeking to understand the underlying causes of social and political turmoil.

For those interested in further exploring the topic, related readings include Joseph Stiglitz's "The Price of Inequality" and Thomas Piketty's "Capital in the Twenty-First Century." These books offer additional insights into income inequality and its consequences.