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Byron Shire
January 26, 2021

Editorial – How to clear a room

Latest News

Entertainment in the Byron Shire for the week beginning 27 January, 2021

Lemon Chicken is not only a Chinese takeaway favourite, it's also a great local five piece band who play songs that you forgot you loved. They like to pick and choose from the fine selection of great tunes we all grew up on.

Other News

Lismore Thistles sign Coach of the Year to lead Premier League team

Lismore Thistles have signed 2020 Northern NSW Coach of the Year, Chris Layland, to take charge of the men’s Premier League team for the upcoming 2021 season.

Is the failing state of the planet causing our youth to be stressed?

Poor mental health in youth is an ever increasing problem. It is often flagged at by the media and various organisations, and whilst there are often brilliant resources that can be found, when it comes down to the cause of the increase in mental illness in Gen Z, parents and caregivers tend to put it (somewhat jokingly) down to our phones.

DA approval raises concerns over landslips and flooding

Council’s willingness to defend residents’ amenity and properties has been raised by concerned locals and residents following the outcome of the land and environment court case in Bian Court, Ocean Shores.

Wollumbin track closure may be permanent

Paul Bibby The debate over whether it’s appropriate to climb Wollumbin – also known as Mt Warning – could ultimately...

Mobile library returns to the Northern Rivers

The Richmond Tweed Regional Mobile Library was a common sight around the region prior to the COVID-19 pandemic and it is once again going to be out and about for readers from this week.

Drowning risk warning for Australia Day weekend

Royal Life Saving is urging the public to take care around water this Australia Day weekend, with their research showing that the risk of drowning doubles on public holidays.

Economist Mark Blyth

Editorial – Hans Lovejoy

Want to clear a room? Say ‘economics!’.

Except – there is an extraordinary modern economist named Mark Blyth.

With a charming Scottish lilt, he simplifies complex global concepts and proposes ways societies can prosper, unencumbered by the crushing debt handed down by global banking elites.

His online economic lectures are unlike most, in that they are personable, engaging, and easy to understand.

For example, Blyth eloquently explains the concept of how most governments – with the exception of the likes of Norway and Iceland – use their policy levers to provide socialism for the rich and inflict capitalism on the poor.

Angrynomics is his new book, and is co-authored with Eric Longeran. According to Columbia University Press, ‘It explores the rising tide of anger, sometimes righteous and useful, sometimes destructive and ill-targeted, and proposes radical new solutions for an increasingly polarised and confusing world’.

On 19 June, Blyth told Edward Steinfeld, director of the Watson Institute for International and Public Affairs, that when economies stop, (or are perceived as having stopped) serving the interests of the majority of citizens, anger arises. 

‘That seems to be the feeling that has swept right across the [wealthy] OECD countries and others. 

‘Essentially, it’s perceived as a rigged game. There’s a bunch of insiders variously called the elites, or cosmopolitans, who have made off with all the cash. And everyone else is working harder and harder for less and less’.

He says, ‘The word “citizen” has been emptied of all value. ‘Essentially you are a consumer. To re-enrich that, you need to give people a stake in their society – which is something else that has been eviscerated’.

Blyth’s policy proposals in Angrynomics include national wealth funds, dual interest rates and direct government transfers to household incomes.

So his solutions are not based on raising taxes, and instead can ‘make serious dents in inequality’.

Even before COVID-19 (BC), wealthy economies such as Australia were slowing down, and wealth distribution, along with upward mobility and opportunity, was evaporating.

In BC times, there were not enough jobs to match unemployment in Australia, and wages had stagnated. Meanwhile, the governing class were, and still are, doing exceptionally well. Every week there are new examples of them gaining confidence in all the wrong places. Instead of protecting and advancing human rights, civil liberties are being targeted and diminished. Open corruption in the ranks of the elite has been normalised in full view of the general public.

While anger rises within the unwashed masses, Blyth offers tangible and much needed constructive solutions.

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  1. Now that’s a for real Hum Dinger! I love it!!!
    Forget ‘home of the brave’ & ‘land of the
    free.’ Let’s just educate Waltzing Matilda.
    We could do ‘an anti-Rand’ & own the right
    to ‘not be available’ when needed. Bust the
    be-jesus out of the ‘Takers’ along with the
    Governing Gang. Within 6 to 12 months
    what was at the bottom would sit at the top.
    Happier people too. Thanks Hans… you’ve
    made my day.

  2. I suppose it takes an imported “extraordinary modern economist ” to state the bleeding obvious ,ie.
    ‘The rich get rich and the poor get poorer’, to be taken seriously and even write a book.


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