Angrynomics Quotes

“The first distinction that we make is between public and private anger. Much research treats the two as equivalent, but in fact they are opposites. Public anger is often worn like a badge of honour. Icelanders protesting against a corrupt political class are emboldened by virtue. They railed against corruption and sought moral redress. Extinction Rebellion is fueled by the anger of righteousness. When people are publicly angry, because they are wronged, or they witness wrong-doing, they want it to be recognized and addressed. This is moral outrage. Private anger resembles its opposite. It is often characterized by shame. People who are angry in their private lives, often seek counseling, rather than retribution. An angry colleague, a stressed parent, or an enraged driver – these are people in need of help, not deserving of redress. But public anger itself is also two-sided.”
― Eric Lonergan, Angrynomics

“Capital was protected – epitomized by the US insurance company, AIG, paying out hundreds of millions in bonuses in 2009 after being bailed out by the taxpayer to the tune of $180 billion.”
― Eric Lonergan, Angrynomics

“The second is the stressor to come – the much-heralded fourth industrial revolution where, according to some reports, up to 60 per cent of all jobs will become automated, and work as we know it will disappear. In the past, technological innovation was framed with optimism for huge improvements in standards of living, today the prevalent narrative seems one of fear and dystopia.”
― Eric Lonergan, Angrynomics

“Wall Street bonuses in 2015, when the economy was still healing from the crash of 2008, totaled $28.5 billion. That’s twice the total wages paid to every person in a minimum wage job in the US that year, which is around 3 million workers.”
― Eric Lonergan, Angrynomics