Populism vs technocracy

Populism vs technocracy

so I'm talking about populism technocracy globalization and living standards today and I'm going to Center that around the anecdote I keep hearing as I'm sure you do from people aged around 50 and above maybe your parents grandparents colleagues or older friends and it is about their coming of age kind of story so to speak where it the one in their 20s when they establish themselves and kind of economically and how mom was a homemaker dad was a bus driver or something like that he didn't go to college his job wasn't highfalutin but he showed up to work and he did this thing and based on that they were able to afford a home for their three or four children and they may have paid that mortgage off in ten years twenty years but had never kept them up at night it was never beyond the possibility of doing and that was based on the one income no that's not to say people these days can't afford houses but insofar as they can it's a two-income household and they maybe have one child or two this is a kind of an averages thing now this question of what happened and that defines in a large way my worldview to some extent I what happened so there was that time and there is this time and what occurred in between to change it from that to this and it's a question I find that technocrats avoid like the plague I don't ever see heart and these are the people who were paid and given the time and the scope and the PhD students and stuff like that to to look into this and figure out what exactly the hell was going on and they like I say avoid it as though it is the plague and I find that technocrats seem to exist to prop up the future that we seem to be destined towards according to establishment politics and corporate interests so they will sell the idea of living in a you know 200 story dystopian Bladerunner building in a pod you know the coal living type of stuff and you will eat insect you know proteins and you will cycle everywhere and so they advocate for cycle tracks and pianos and train stations and these kind of veneer products that are meant to sit on top of this an order whereby people can't live and so technocrats I don't think are gonna look into it very well and I don't claim either to know the exact of what is going on here because I have tried to study it it is very hard to get the data on what what exactly it was like back then and what changed so a lot of it is speculative what anecdote is not an invalid science in a certain sense you know it can be informative and I hear it every single time I never hear anything else yes people back then in certain ways they didn't have a lot but in terms of having a home raising a family and building a future if that was attainable as it isn't now so that's what I want to go through and there's a David McWilliams he's an Irish economist article in The Times that kind of a Oh triggered me to a certain extent and I just want to if you want to stay along with me I want to run through it and kind of ramble about it so it's why Ireland's growing economy isn't making you richer and I'm gonna skip through a lot of this because a lot of it's just whatever its kind of its his conclusion is the point I want to get to so he talks about how Chinese business is bringing donor living standard you know here's a logic to that how they they sell cheap consumer goods and they reinvest that money back into the economies they sold those goods into as kind of collateral as we see in Toronto and mainly Vancouver the property and Chinese property kind of hoarding that goes on there as an investment and so that's that he talks about how people see what's interesting is that and I'm looking at him as an example of a technocratic I mentioned before he's what he was if what he's doing is over and over again acknowledging how bad it is he's being low living standards are bad here's a reason why here's another way it's bad etc etc and even here and this is the point he mentions how the everyday social reality drives populism and that's how I want to link you know technocracy populism globalization and he's only gotten you know a third of the way into his article and he's already talking about how it will drive populism and what fascinates me and I see this a lot is that it appears as though the concern is not the declining living standards primarily it it reeks of concern being mostly about the populism that could rise up and in response to that and that being the primary concern I can't understand that to me if if there are these dreadful realities that are kind of a getting worse in our society those dreadful realities are the worst thing and and logically you would think wouldn't populism or whatever word you want to put onto it as a response wouldn't that be necessary anyway I'll go on because I don't want this to be too long and we've seen strong economic growth but prosperity for the average working person remains elusive so same kind of story there now he gets into kind of the crux of it which is labor share of income versus productivity so that's I think this graph actually and graphs like it are incredibly important and anyone who's interested should be aware of these kind of graphs and so productivity is that line that keeps going up here so it's companies and corporations are making a lot more product and a lot more profit effectively and here you see labor which is just kind of gradually going up and completely devoid from the productivity and in Ireland it happened around 1984 it and I have a graph here as well which is the American one which happened in 1973 so like all things in Ireland we're you know maybe fifteen years after America which to me indicates that it's systemic it would be one thing if that happened in America but it didn't occur in Ireland you know or whatever if it was a case-by-case basis but no what happened to us and exactly the time like you would expect it to happen to us after it happened to America and as you can see in the American one its labor and productivity I joined at the hip effectively up until 1973 when they completely split and now I'm not a macro economist I don't understand the ins and outs but I'd be open to correction to some extent but that is a defining graph effectively over time we should all those of us who were interested know about it and constantly be scratching your heads and asking why because like I mentioned while ago the populace not the publiced the technocrats and particularly interested they will talk about it as David McWilliams does here but you know the idea of like what's at the heart of it and what is that the heart of changing it is not the primary interest the primary interest is here's the problem but whatever about that it could drive populism being the real problem that being the real problem and so he talks about that wrath in 1994 Irish worker's productivity takes off and how basically we became an fda economy and we're just we have these corporations making product on a mass basis and utilizing technology which kind of shoots product productivity through the roof but labor ie workers ie people get paid just a steadily bit more every year which of course does not keep up with increasing costs ie property so in order to be able to afford property like we did in the 80s and all that we would really realistically need real wages to increase with productivity it's all getting a bit of technical no probably beyond my scope anyway yeah I don't know about yours but um but it is whatever way you look at it it's a fundamental problem okay so the FDA economy yeah and it's it is talked about it's this gap between our GDP and what is really going on in our economy their GNP and GDP there's a huge gap because a lot of it is just Ireland is just kind of like airstrip one for these companies but it's not actually happening here we are effectively like a Green Zone or something like that it's not true to us but although we're Green Zone in or a airstrip in terms of how it doesn't actually occur in in a real economy what does occur are the increases in costs and in in housing prices because of course a lot of the staff of these companies are foreign and immigration is a huge part of that as we have seen over the last 20 years which drives property prices up with our actual real world you know when you're not thinking about macroeconomics and you just you know looking and your wallet your costs that's not really changing but everything else is so that is the fundamental squeeze and while someone like McWilliams talks about it he doesn't really offer a solution he doesn't even attempt to offer a solution and the warning is fundamentally about populism which should in my opinion be an extreme selling point for populism whatever it is exactly because it's a it's an ill-defined term and misunderstood term and in a propagandistic Lee utilized term but whatever that is that should be you know based on all this should be extremely popular there so in plain English she says and central bank's have worried about worried about inflation more than blah blah blah a technological disruption China globalization now all of these things are of course real problems like you can't just say and that would be the kind of more negative version of ilysm cell we see where you say we're going to stop all of this and because it's a problem a lot of it can't be stopped it's it is just fundamental it is the world changing and that's just how it works but you can do something about it it can be thought about to a better level than our current technocrats do think about it because our technocrats operate on assumptions of globalization diversity agglomeration immigration all of these things which they can't question so they are there by default limited they can't they effectively can't think about this and they can't for sure they can't think their way out of it because they were limited by false assumptions to begin with and dogmas so next so this this is the conclusion and it's what I'm getting at primarily here I have one workers lose their jobs because the jobs have migrated somewhere else these people try to get other jobs typically they slip backwards etc etc societally this global process leads to more inequality between citizens who depend on wages for their income the vast majority and those who depend on rent dividends and assets a small minority no he did actually mention that earlier in the piece the idea that another class of people who are succeeding through the boom-and-bust cycle add those with property we're back to housing again those who can in the up and the down managed to kind of ride the tiger and invest in property and I think everyone in the country is aware of this the idea of the the masked landlord you know and these people are doing very well but you know that's obviously not sustainable for for the rest of us effectively and so to go on here politically this here we go politically this drives populism as disenfranchised workers might not have good wages but do have legitimate votes and the ballot box gives them the possibility of revenge in 2018 this conundrum is not going away again it appears as though the conundrum he's referring to is about populism how that might rise I just don't get it what who are the populace exactly and what separates them from whatever it is you are claiming to be or or whatever is it the idea what they try to purport is that it's the idea of sensible rational although sometimes not quite popular but I'll be it necessary and thinking versus the hot-headed wild you know promises promises but it's not realistic that's their populism but that that that doesn't that doesn't answer the question of why they don't speak to the problems why they outline the problem so like what's your solution what you know McWilliams or whoever else it may be and of course he did talk about this previously as well sorry I don't get too muddled up here but he talks about how you know the the word egg the worker might lash out at the ballot box and I but but that lashing out is not the best thing to do cool heads are called for okay so what is the average voter citizen meant to do they're not a thinker like well they're thinkers but they're not academics they're not privileged and institutionally like you guys are so what are they meant to do instead of lashing out are they meant to just not lash out but trust David McWilliams and his peers that they will write the ship they'll crack horse here or do something about it they will manage this this kind of wild animal that is globalization and and technological disruption they will manage it for us I I don't I don't get it so anyway this goes on to I kind of showed you there at accidentally is it's just two tweets that popped up a couple of months ago that piqued my interest it's about this populism thing as well you know and it was from two kind of neoliberal and technocrats had the first being I've lost myself Jason or manic so Jason or Melanie is a Atlantis's self-described Atlanta cyst a kind of neoliberal crowd kind of bug hawk rat and yeah rights for the urge times and all that kind of stuff anyway big lesson of local elections to 2019 it's no longer safe to give unknown independence of preference as they could be fair right and you know you can't so if an if an independent is on like if you just don't know exactly who they are what they are or even if you do you just can't trust it because they could be fair right now what should this tell us that should tell us that the only viable solution and I don't want to say fair right because it's loaded you know nasty term but more men to believe but nationalism that strand of thinking and politics that is the only way of because the left don't have an answer for this they don't have a constructive alternative they will talk about how the government and the rich and all this and I have no problem I'm not some kind of very conservative or anything but how they should just build loads of houses but not cut down on immigration not think about they don't have a cerebral understanding not to mind a solution for these real things like globalization technology technological disruption and all of this they just say we must we must you know just build more houses and do this and do that it's it's a very childish and to me when someone like McWilliams talks about populism in a negative way the left no are kind of very that kind of thing it's useless it's pointless it will never be sold to the public effectively because when something makes no sense I believe that it can never really land and you know I know there are you know counter examples of that Mozilla and you know something like free arms for all I feel like the new liberals they're Lee over echoes of this world they're not bothered about that because they know the average person in the population is not stupid and they don't need to sit down and think about it for days to understand that that's just not possible so nobody's gonna get revved up by that particularly it's just not possible and it's ridiculous so whatever so I feel like some of these technocrats and some of these neoliberal and establishment politics and corporate interests don't really have a problem with that they approve that kind of opposition because it's fundamentally preposterous but the quote-unquote fair right nationalist one isn't it is much more cerebral it does genuinely contend with issues of globalization and technological disruption etc although sometimes it isn't extremely popular because of the times we live in and all that but you know it is getting more popular and these guys can see it here and you can't vote for independence anymore because they could be quote unquote fair right so you have to just vote for what the establishment parties for that reason preposterous and they give themselves away with this kind of rubbish there's another one here Aidan Regan assistant professor UCD politics international relations director of vision money center of excellence in the new political economy of Europe and apparently right now he's attending if his Twitter is anything to go by the McGill summer school kind of it's like it's like a grooming institution kind of a a I know I think it's a summer school of some sort but it's for these kind of central bank directors and stuff like that will speak at it to the crowd and all of these people I don't know could you think of it as a mini Bilderberg type of thing you know same kind of idea and this guy is saying the same it begs the question why use the term populist at all it's about fire right nationalists so this is what they're talking about the the people who offer no constructive solutions are afraid of this and like I say I repeat myself but that should tell us and it should tell it should inspire us and it should tell them the public at large what time it is because the only people who can solve this stuff are nationalists now I just have something else you um it's to do with micron because micron just to finish up is a prime example of this stuff this kind of em these technocrats and these neoliberals he is the regime version of that and he is the neoliberal answer to suppose that answer to populism and this kind of stuff and he's doing incredibly poor job obviously because he can't do a good job because from that position you cannot do a good job because it is fundamentally flawed as I say so just some bits from this book which I highly recommend to everyone national populism they revolt against liberal democracy eat well and good one incredible book I bought this in an ordinary bookshop and I was surprised even to get it there to some extent because you know they're not overly critical their analytical about it they keep a distance but they're not critical at all read this book and you will come away thinking you know like me if you don't already to some extent and it's a you know a great book and now they mention how in France the average household possesses 160 grand so that's a household you know between a couple of people and while one entry of microns ministers are millionaires one in three now politics is meant to be representation not some kind of thing where one and three people are millionaires why is that surely the the proportion of millionaires in microns government should be the same as the proportion of millionaires in society at large you would think you know and to some extent but no it's it's highly concentrated it is the rich it is the elite so you know that's kind of that I needn't comment much more than funnily enough the previous socialist government counted 14 millionaires among 39 ministers 14 among 39 were milliner's among the socialist government again this speaks to how the left are a joke in this front there they make all these bombastic claims about what they should do and what we should do it's ridiculous it's non thinking and put it this way David McWilliams and Aiden Regan and J so many and Emmanuel macron if they're not afraid of it and they don't you know they don't make those kind of noises we're now finally just in regard to the national populism book as well I just found this you know typical and because this is my I keep saying it'll be my final point but I hope this will be is that these technocrats when you approach them and you know I don't understand too much like a Twitter holic but it is a good medium sometimes I will kind of comment on these technocrats and posts and you know they will reply to people pretty liberally but I don't get a reply when I ask questions that are based in this kind of em nationalist populist man thinking I go hey what do you think about this how would you answer this and they just don't they can't I don't know what it is and some of these people for example like Aiden Regan seems to be populism seems to be his study so he is almost like a populism expert or whatever it might be and my question would be to someone like Aiden Regan why can't you just talk to me not maybe me necessarily but someone like me why can't you sit down with someone like if you're gonna study us all the time and our politics in our movement then why don't you just sit down and go hey guys got good ideas that we should use or or you know or let's let's see who wins the argument or something like that never I would be ashamed if my discourse and my philosophy and my politics were not able to you know get someone out into the open and just involve them in the discourse and you could accuse me of that when my videos no but I'm happy to have any anyone on on my channel by the way that is an invite to challenge some of these ideas so long as it's about ideas and not some mudslinging contest – nonsense like that I'm happy to talk about ideas they're not and so it is to provide by this final quote from national populism and when Makran announced that he would try to fend off populism and revive support for the EU by launching consultations with citizens observers who went along found an quote empty publicity stunt panel discussions replaced citizen led debate while most of those who attended were students University faculty members and civil servants working on EU related issues this was meant to be the olive branch to the public not necessarily to the papa lists to the public to the publiced to the public your mention is and to do this kind of panel discussion as I was just previously suggesting why don't we talk this they they pretended to talk and it turned out that it were EU staff members who all make nice money University faculty members and you know these people who were well-heeled and and and and dependent on things that they are there they are paid to enforce and to promote the current order and so that was my rant on techno technocracy globalization what else is there populism and living standards thanks for watching and do subscribe and give it a like and all the rest of it take it easy

7 thoughts on “Populism vs technocracy

  1. Well observed Gearoid. The bottom line is their greed knows no bounds. Mcwilliams is a professional economic court jester, he will never get to the root of the problem we are facing in western europe. We are living in exponential times, its all about selling more produce, growing the population w a readymade pop of immigrants, creating cheap labour jobs, outsourcing etc. The biggest threat is not populism, it is the current society they are crafting now for us, it is not unusual for some family to lose their home, no job security, all it takes is 1 of the 2 in a marraige or partnership to lose their job and its all tits up. It never used to be like that in my parents time, but somehow this is seen as modern progress. The commercial left have been an out of control monster for so long, why should we fear populism, or the bogeyman right?

  2. Very incisive analysis Gearóid.
    I wonder sometimes how McWilliams became so corrupted and cynical, using his pen as a rhetorical dagger, twisting it into the backs of the ordinary people of Ireland, the very ones he used to rally behind and stand up for.
    It's sad how he gradually became one of those wealthy established insiders that he himself used to question and hold to account in his early days.

  3. McWilliams has lost the run of himself. I listen to his podcast via YouTube. Initially it was out of genuine curiosity but I'm now listening to it out of a sense of bewilderment for what rubbish he will come out with next.

    He has entrenched into this position of love for the EU and how much he thinks "Boris" and "Trump" are idiots and full of bluster. Everything descends into the standard tropes and he has surrounded himself with cronies who serve up these lay-ups to him so he can continue on his diatribe. Trump was referred to as the "guy with the funny head" this week.

    Also, he never seems to draw the line between the decline in living standards and his friends in the EU.

  4. Because they had the pound and they were in a national system where they gave everything away by joining the euro and leading towards federalism which were under…….and homes are now 40 to 50 times what they were with them and wages never went up in 40 years and we need to realise that and stop it for a start by not paying their debt or pensions…….. wake up ireland adios federalism on amazon explains everything and what's coming if we don't change the system now

  5. Well worth a listen . We all know it's the (((bankers)) behind everything that is destroying European cultural, heritage, identity and the chances of a safe peaceful future for OUR children.

  6. What happened was jewish sharia. When we were all irish and catholic, we were insulated as a society against the lure of usery. In the bible usery is a sin. When we ditched religion, we became easy pickings for those that tempt us with fancypants and lollipops. With the loss of moral ethics that came from christianity, we became easy meat as fed through advertising and political rhetoric with the ethos set by those who see us as cattle.

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