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    Angrynomics book cover

    Angrynomics by Eric Lonergan and Mark Blyth Summary

    Angrynomics
    Eric Lonergan and Mark Blyth
    EconomicsSocietyPolitics
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    Overview of Angrynomics

    "Angrynomics" dissects our global rage economy, distinguishing between moral outrage and tribal fury. Praised by IMF leaders for its prescient analysis, this timely work offers radical solutions like helicopter money and sovereign wealth funds. Why are we so angry - and can capitalism be rebooted?

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    Ключевые выводы

    1

    The Economics of Our Collective Rage

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    Imagine a country that perfectly recovered from financial collapse, with rising wages and low unemployment-yet witnessed larger protests after recovery than during the crisis itself. This paradox played out in Iceland, where 2017 saw massive demonstrations triggered by the Panama Papers revealing elite tax evasion, despite the economy thriving. This pattern repeats globally: economic indicators improve while public anger intensifies. From France's Yellow Vests to Hong Kong's mass demonstrations, traditional metrics suggest prosperity while people feel increasingly betrayed by systemic inequities. When Barack Obama left office, he warned that democracy's greatest threat wasn't terrorism but "extreme economic inequality and stagnation." This observation proved remarkably accurate as waves of anger swept across the globe. What makes this exploration of economic anger compelling is its refusal to dismiss populist rage as irrational. Instead, it recognizes how legitimate grievances arise from an economic system that has fundamentally failed most citizens while enriching a select few.

    2

    Two Faces of Anger: Moral Outrage vs. Tribal Rage

    3

    The Political Weaponization of Anger

    4

    Powerlessness: The Root of Public Rage

    5

    The Stress Economy and Personal Anxiety

    6

    Solutions: National Wealth Funds and Direct Support

    7

    Reimagining the Nation-State for Common Good