British economist Gary Stevenson on inequality, trading and greed - Jung & Naiv: Episode 735

[@peterthart531]

It took him all the way until 35:00 to drop the first f bomb. Good self control this time. Gary is a gem. He cannot stop the catastrophe but at least he is trying.

[@gerghodges5317]

WE are so trivial. I had to go straight to 35:00 to hear the f bomb, but i agree Gary is a lot better when he avoids that word and stays relatively calm, tho, I get angry when i hear these truths about the inequality stuff, and i am a baby boomer who benefitted from the BOOM

[@DakotaFord592]

Omg!!! This man is so beautiful!!! I want to put my face next to the arch of his foot!!!!!

[@injujuan8993]

Thank you, everyone who made this happen 👍 Really nice one💯 Gary, you’ve got my support 💯

[@bvbftw]

Es müsste mehr Leute wie Gary geben

[@DakotaFord592]

Omg!!!!! This man is beyond stunning!!!! I want to put my face next to the arch of his foot!!!!!!!

[@Phynne85]

Das würde was genau ändern?

[@jacoblehrer4198]

If everyone were like him, we would all starve.

[@samdaniels2]

@@jacoblehrer4198 Wtf?

[@1599maybole]

Gary is a hero to everyone who believes in speaking truth to power

[@hermannpaschulke42]

Ich liebe Jung & Naiv und ihr macht wirklich wahnsinnig wertvolle Arbeit. Aber der Kommentar von Hans am Ende hat doch schon einiges an Gewicht für das Format momentan. Es sollte mehr um eine geschickte und kritische Darstellung der Meinungen der Gäste gehen (und gerne auch mit naiven Fragen), aber momentan geht es gefühlt doch sehr doll um Suggestivfragen und die Darstellung von Thilos Meinung. Ich wünsche mir da ne kritische Selbstreflexion

[@b0b303]

Selbe Meinung: merkt man ab Minute 16:00. Da wäre es zum Beispiel viel interessanter gewesen noch genauer auf die ökonomischen Modelle einzugehen, die zu den falschen Annahmen führen, anstatt direkt in dieses Narrativ „Ökonomen Arbeiten nur für die Reichen zu fallen. Der kritische Standpunkt zu den ökonomischen Modellen, die er selber studiert hat, ist ja gerade die Expertise von dem Gast.

[@DakotaFord592]

Omg!!! This man is so beautiful!!! I want to put my face next to the arch of his foot!!!!!

[@subutaynoyan5372]

I was a bit annoyed by the interviewer at first but kudos for extracting maximum from Gary. He sometimes loses his composure but here, the host just kept him on point and sharp

[@roncagime4415]

Yeah, i was annoyed... The interviewer talked about changing the rich game and Gary said how, and he said by being the many... what the hell does that mean... the many comprise of the middle class. Anyway, almost an hour they get back to that topic for the inequality for the middle class.

[@thatslucko8548]

The interviewer was very annoying, comes across as smug and arrogant. Also, didn't seem to understand that the problem isn't traders its the wealthy extracting more and more assets from poor and middle classes.

[@OllieMawLe]

@@thatslucko8548 For sure he didn't understand, I think he came across so arrogant because he looked at Gary as if he was a hypocrite, making money but talking about inequality he just couldn't drop it or let it seep in

[@woodywoodpecker4051]

I thought so at first, but I think he is asking some obvious questions for context and so the audience are clear on the points addressed

[@lrama6999]

Gary you’re a one in a million bloke! Cheers for doing the right thing mate 🎉

[@stephanschleim]

Great to see one of my favorite economists in one of my favorite podcasts! Great how you explained the biased incentive system in economics. (It's similar in different disciplines.)

[@strohhutpictures7042]

😊

[@strohhutpictures7042]

😊😊😊😊

[@PowPowPeng1]

Nice, Gary spricht das an, was in unserer globalen Wirtschaft nicht stimmt. Super Gast

[@Christian-zw3dy]

What was the reason for higher taxation after the Second World War?" Part of the answer: The Bretton Woods system with its capital controls led to truly autonomous states that did not have to fear capital flight if they raised taxes. It was simply not possible to move your capital wherever you wanted. After the collapse of the Bretton Woods system, a rise to the bottom could be observed with regard to taxes on capital in general, such as corporate taxation, but also maximum tax rates etc. On the other hand, the taxation of labour, which is not as mobile as capital, increased.

[@UTubeISphere]

Great Depression and FDR substantially increasing taxation in the US already prior to WW2 thus ending the Guilded Age characterised by staggering inequality.

[@shinzenyoung9888]

I absolutely love this guy. He is very smart yet also very funny.

[@ewamaydell1659]

Gary is right. The only way to stop inequality increasing is to tax profits and use the revenue to help level the playing field for the poorest people in particular but also to save middle class.

[@thomashume6497]

Great to see you back talking about inequality,economics, finance again. Hope your trip to Japan was good!

[@thomashume6497]

Make a trip to the Isle of Wight @garyeconomics would be awesome. 🙌

[@Willy-Wusel]

Great stuff. A lot of good answers from a guy who understands one of the biggest problems in the western world. Tax the rich!

[@testpm-il7qq]

WOW!! “Enunciating your T’s” can’t believe such a small distinction matters. Always educational with Gary… just an American just here learning, thank you

[@77infrared]

Gary's spot on. Great interview.

[@Christian-zw3dy]

Ich studiere aktuell „International Political Economy“ und würde sagen: Diese Disziplin ist, was Economics, oder VWL sein sollte. Wir lesen Klassiker, lernen die verschiedenen Ansätze kennen, werden ermutigt unsere eigenen Perspektiven zu entwickeln und diese zu diskutieren und hinterfragen die ökonomische kritisch und arbeiten recht wenig mit mathematischen Modellen. An sich ist das auch nicht verwunderlich, wenn man bedenkt, dass IPE der Ursprung von den heutigen Economics ist. Ich möchte nur sagen, dass es mit einer entsprechenden Studienwahl auch möglich ist wirklich was über Ökonomie zu lernen.

[@Patrick-jj5nh]

Kommt darauf an welche Universität das ist, und dann sogar welches Programm; man kann in der gleichen Fakultät unterschiedliche Formen von 'Wirtschaftslehre' finden

[@Christian-zw3dy]

@@Patrick-jj5nh Ja, richtig. Aktuell studiere ich an der LSE in England. Davor habe ich an einer sehr kleinen deutschen Uni Politik, Philosophie und Ökonomie studiert. An beiden Unis habe ich sowohl Marx, als auch Smith gelesen. Ich möchte nur darauf hinweisen: Es ist möglich Ökonomie auch so zu studieren.

[@DakotaFord592]

Omg!!!!! This man is beyond stunning!!!! I want to put my face next to the arch of his foot!!!!!!!

[@teekanne15]

Warte mal bis du die ersten 5 Jahre in einem Konzern gearbeitet hast. Dann ist fast alle Theorie irrelvant aus dem Studium

[@Christian-zw3dy]

@@teekanne15 mag sein, aber darum geht es ja hier nicht.

[@JaBoss397]

Bro you are a eye opener nuff respect

[@gregmurphy8059]

When you were talking about trading for the public, or turning the government into an investment bank- that's already an idea. Its called "public wealth fund." Norway does it.

[@BunnyRabit-yo3lx]

Oh that's interesting, i'd like to know more about that. Thanks for sharing!!

[@saturndirect8085]

I could listen to gary all the time. Thanks men for articulating the issues.

[@MrJohndory111]

Commenting to boost this brilliant interview and person, Mr Gary Stevenson

[@BunnyRabit-yo3lx]

Every time I watch an interview with Gary I'm just so blown away by the details of his story and his integrity. I'm not surprised they will make a movie about it. It basically writes itself. I just found Gary's website "Millionaires for Humanity." Seems like Gary has been working hard towards the inequality solution. Amazing! ❤ Keep it up!

[@CodPlayerNo77]

Gary ist ein Bildungsbürgerproll und ich liebs! Genau mein Ding. Stay real Gary 💪🏻

[@ilfantasticobananajothesci3922]

lol und ich warte noch auf mein stupendium

[@danielclayton7524]

Love this honest Gent. Hes a credit to our world

[@soerenbode]

That was really good! Thank you - once again - for having the most thought-provoking interviews.

[@kenny2553]

Gary keep it up, your hard work will pay off. You are doing amazing work

[@dinbl9738]

Gary is the man!

[@gobgibbesnimmer]

Great to see Gary here ❤

[@maxkopfraum]

great episode

[@woodywoodpecker4051]

As a first generation Brit born of immigrants, my dream was to buy land. I never thought I'd struggle just to buy a house. The economy now is nothing like the 80s and 90s.

[@sabinebrandi1636]

Liked this guy from the minute he appeared in irish radio (with Brendan O'Connor) and I'm ready to join an international movement- led by Gary - with no other claim than simply: TAX the rich!

[@abcschoolofenglish6982]

Ireland is WEF vassal state with no independent media and a highly corrupt government beholden to the digital aristocracy. thus, it is a perfect example of what Gary is talking about

[@riffking2651]

Perhaps the biggest issue is that people are myopic, and our sense of care for what our actions translate into on a larger scale isn't being fostered. I think we need to start talking to one another again in person in communities, and start making sense of the world we have built and the future we are creating. We are going way off the rails, and though it seems like we don't have a choice - we currently aren't even trying to course correct.

[@BunnyRabit-yo3lx]

I think the middle class are being kept in survival mode through high interest rates and cost of living so we can't stop and do something about what's happening.

[@sevsev4078]

Not knowing much about Mr. Stevenson's intellectual background and what exactly he studied, but I would encourage him to dip deeper into the fields of sociology, political science, and history, with a focus on critical, decolonial and environmental theories, all related to the history of economics. Especially the theories of Pierre Bourdieu regarding classes and inequalities might be of great interest, considering Stevenson's unique background coming from a poorer houshold and being able to study at a prestigious elite school with its unique social environment and rules. I'm not at all surprised how the field of economics is oftentimes thoroughly abstracted and departed from reality, but most of his realisations have been thoroughly discussed in these other fields for decades. A key aspect of the future of research is interdiciplinary work, and that especially requires economists to get a reality check on what they actually do by learning from other fields, and vice versa of course. This way we could develop new strategies on how to combat inequality, disinformation, violence, exploitation, injustice, etc. Not that it's a silver bullet to the problems we face, but it would be a huge step forward in our fight to preserve democracy and our work towards equality.

[@cosimocub]

well said

[@googleuser4207]

He oxford degree. You?

[@mark3xZod]

Thinking across disciplines has value, but the “decolonize” agenda and the rebranded greenpeace extremism are flimsy pseudo intellectualism. Gary’s power comes from tying hard data and real world issues together to explain inequality and the problems it causes. He won’t find anything useful listening to people who want to dismantle capitalism or people who see racism around every corner.

[@UTubeISphere]

BSc Econs In Economics and Maths = his undergraduate degree. IPE or Economic History or some other fields (Public Health, Development Economics?) might be other areas to look into, I guess.

[@voidwraithprime8521]

I don't believe he's dumb to any of these things. I feel he chooses to parry away topics of conversation that historically lead to "sides" or lines being drawn as his life has shown him people of all types contain multitudes and the only way the great wyrms of capital will be defeated and the hoards of gold their sleeping upon be redistributed to the masses is through uniting EVERYONE.

[@steamywindows6904]

I watched you yesterday just turn the earth educated from the streets of London that is brilliant peace ma man so true brother

[@dirklorenz7976]

Politischer Wandel muss nicht positiv sein. Großartige Menschen wie Gary Stevenson geben mir aber den Glauben zurück, dass es möglich ist

[@Mary-uj7rp]

ahhhhh my 2 favourite people discussing politics and econ!!!!!! what a treat, thank you so much!!!!! danke euch :)

[@redbigapplefloppa302]

Wow, Gary bei Jung und Naiv? 😍 Kenne viele seiner Videos. Finde seine argumentation sehr überzeugen.

[@teekanne15]

Guter Verkäufer/Trader halt :D

[@dodecahedron12]

In Kombination mit dem Steve Keen Interview ist das wirklich hart zu verdauen. Danke für eure Arbeit.

[@pcopeland15]

I am fascinated with this guy. I don't agree with him absolutely, but he raises, and is an advocate for, considerations about distribution that are frequently neglected in other discussions about economic stimulus, in a very accessible style. Among other attributes he brings a trader's perspective, who is on the other side of the trade? I would like to hear him add in demographics and policy analysis.

[@subutaynoyan5372]

I think it was in Novara Media, where he mocked the idea of trusting the liberal markets to solve each issue with "They want us to pretend extremely wealthy people are all Gandalf, or something, they'll definetly give all they can for the good of others" Which was basically the most spot on point I have heard about liberalism ever.

[@TheDarkInstall]

This is my first time watching this channel. The interviewer is razor sharp, and superbly concise. Excellent. A pleasure to witness. He is like a tiger playing with a mouse, yet subtle as air.

[@TheUnderdog1992]

There are a few more english interviews if you're interested. Not too many though, but they're always worth a listen!

[@TheDarkInstall]

@@TheUnderdog1992 I will have to study German then!

[@phil.br91]

Er sollte nochmals erwähnen, dass er Multimillionär ist und Citis bester Trader. Das hat er nämlich etwas untergehen lassen! Jokes aside, auf mich wirkt es wie eine persönliche Vendetta gegenüber führenden Economists. Griffige Instrumente / Konzepte wie man Inequality gegenübertreten sollte, habe ich bisher noch nicht rausgehört. (PS: Fand sein Buch ziemlich gut, die ersten 2/3 sehr unterhaltsam).

[@Martin-tz6ms]

Wusstest Du dass er 2 Millionen in einem Jahr verdient hat? Und dann musste er auch noch mit Leuten sprechen die gerade mal 3% seines Einkommens verdienten, oh man oh man. Gut dass der Gary sowas nicht zu oft ans Brett hängt lol

[@lukiluke36]

Er sagt es mehr als genug: Taxes, taxes, taxes!!!

[@Qatgcyui]

Tax those individuals and families worth over £20 million.

[@phil.br91]

@@Qatgcyui Ok. How? On which basis? How frequent?

[@AM-gy3qp]

@@phil.br91 Swiss model would be a beginning no? "Depending on the canton and assets, wealth tax amounts to 1 to 5 per thousand on taxable income. The tax is progressive: larger assets are taxed at a higher rate than smaller assets."

[@abc-zz5zf]

You can tell Brit is talking to a German - not the same wavelength:)

[@kiron6753]

the culture clash is remarkable

[@SamuelHauptmannvanDam]

I didn't like the interviewer the first 30 minutes. Like he believed Gary was stuck up somehow or a fraud. But this is by far the best interview because of the length. You get to hear things from Gary you never hear. Unfortunately the interviewer isn't good enough to ask questions. Like why would his parents ask him for money. And on and on. The interviewer must have not known about him. Not seen an interview. Not read the book. I can forgive it, but for then being so not curious and pretentious is insufferable. But the length gets Gary going which is awesome.

[@injujuan8993]

💯 you’re exactly right

[@breakthrough2318]

Can you elaborate? What would you ask?

[@abcschoolofenglish6982]

Stevenson's analysis of the problem is excellent. He rightly highlights the massive issues stemming from increasing inequality, which benefits no one and poses long-term risks to societal cohesion and economic stability. His overall understanding of the UK economy is spot on, and he is absolutely correct in emphasizing the urgent need for a comprehensive solution. However, he oversimplifies the solution by resorting to traditional left-wing arguments, such as "tax the rich," which, in practice, often fail to deliver the desired outcomes. Addressing these issues requires acknowledging that the solution is extremely complex and must be carefully thought out to balance economic, social, and humanitarian considerations. Additionally, his assertion that the number of migrants is not a significant issue seems detached from reality. The sharp increase in migration numbers has led to substantial costs for taxpayers and placed significant strain on social services. Migration can undoubtedly be a positive force if managed at sustainable levels. For instance, the UK has historically welcomed migrants who have contributed positively to the economy and society. However, an influx of 500,000 migrants annually is vastly different from the more manageable levels seen in previous decades, such as 50,000 per year. Importantly, earlier generations of migrants typically supported themselves and actively contributed to the UK economy, in contrast to the challenges posed by the current scale of migration. Addressing these challenges requires a nuanced and comprehensive approach, not simplistic slogans or ideological fixes.

[@Enemenemu_]

My favourite passage: 2:24: "People are gonna be filled with shame and fear. This ist the kind of Emotion that the far right prays on. (...) If people like you and me dont get our socks Up, the far right will get into power."

[@RamonSmithMusic]

Gerne würde ich denken "Mein Ruf wurde erhört!", aber ich denke Gary's Besuch ear schon geplant, als ich ihn als Gast vorgeschlagen habe - und das wahrscheinlich niemand meinen Wunsch in den KZbin Kommentaren auch nur gelesen hat. Aaaaber: es freut mich tierisch. Gutes Gespräch bisher. Ich bin bin gespannt wohin es noch geht. (Ja, es ist witzig, wie sehr er die Angewohnheit hat zu sagen was er getan hat. Ich vermute er hat gelernt, dass Leute ihm eher zuhören/für voll nehmen, wenn er im selben Satz seine Expertise mit "funktioniert in der Realität" belegt.)

[@Mary-Mar]

This question of "isn't Capitalism the best way for people to build wealth" is always so dicey because it assumes Capitalism is this static thing. As an American, we saw the majority of our middle class built via a mixture of social programs sponsored and paid for by the US government, the formation of labor unions, and the codification of worker's rights into laws, and economic powerhouse that was globalization wherein the US became the world's consumers and largest military force with bases all over the world. It wasn't just "Capitalism" that created that. Like, Gary said India, South Africa and China are all Capitalist countries with very different societal outcomes.

[@kanucks9]

Adam Smith had it right from the start. Capitalism creates "the wealth of nations", not the wealth of people. The government still has responsibilities.

[@rebeccatuck2951]

I think the music of Ren Gill needs to be the soundtrack for the Trading Game movie once it is made.His 'Money Game' trilogy is perfect.

[@user-pb5jt6xk2m]

40 mins in. I have to say the host has me taken aback. You have very little understanding of economics but even the basics which you don't need to study the economics for goes completely over your head. I would urge the interviewer to do some research on his guest and plan the questions in advance, CHATGPT may come in handy. You don't need extensive knowledge to be asking these questions but basic logical reasoning would be nice. It was very nice to see Gary being patient. But overall Gary did a good job of explaining his ideas. Also the jokes don't land. I hope this is not taken in the wrong way, but i mean this in a constructive way. Many things the host said made little to no sense it became frustrating to watch.

[@MauTrading]

This 'journalist' did what a journalist is not supposed to do: being extremely biased and talk from personal experience and preference

[@kujobeatdown]

When he said at 45 someone recognised how pointless the money became it remembered me of REN'S MoneyGame3: 45, Jimmy comes home out of the rain Soaking wet upon a wheelchair, he's been drinking again He has everything he wants, he has fortune and fame Such a fortunate fool with an unfortunate fate With a 45 caliber aimed at his brain 45 a fitting number 'cause his age is the same Hears the words of his father: "It's such a damn shame" Then he presses on the trigger of a money game

[@rebeccatuck2951]

❤

[@symmetrie_bruch]

he kinda comes across like this is a new insight, this is not only centuries old, it´s millennia old.

[@valentinreichel7640]

I wonder did he study in oxford and did he earn 2 mil a year

[@neuemilch8318]

ich habe mich das als ich ihn das erste mal gesehen habe auch gefragt und ja hat er. Danach habe ich mich gefragt ob mir dass jemals in den Sinn gekommen wäre Gary ein Anzug träger mit 500£ Haarschnitt. Der ihrgendwas von rebounding curves und quantitativ easing vor sich her stammelt, Wahrscheinlich nicht.

[@valentinreichel7640]

I support his case for sure. Interesting person. ​@@neuemilch8318

[@UTubeISphere]

His undergraduate degree was a BSC Econs and Maths at LSE - the Oxford degree came after three or four years after ending his trading career in 2014 (?).

[@karlcarlsen9664]

I saw him several times in videos. Guter Typ.

[@mikestanmore2614]

"Why do the banks do that?" Because if everyone they hire is the child of a beneficiary of the system, no-one lifts the veil as Gary has.

[@karinhinterleitner4449]

Sehr erfrischende Position. Stevenson bringt Real Life ins Studio. 🙏

[@LovisAnderson]

Das war mal wieder eine richtig geile Folge!

[@boxerkilt8939]

Europe is in peril! China can make everything and America has all the Tech monopolies and all your and my data. Gary Stephenson needs a bigger platform ASAP.

[@Bpdbkdlfndkk]

Könnt ihr als Ökonomen bitte mal Heiner Flassbeck einladen? Ich finde er sieht vieles, was die Mainstreamökonomen nicht sehen.

[@Christian-zw3dy]

Fänd ich auch spannend.

[@patrickhoy2475]

Gary, why do you not start a new democratic party with a world wide support on our common issues

[@younesaitharma1240]

Seit sieben Jahren bin ich Fan und endlich kam ein Rap-Zitat!

[@Paul-pi1dd]

Ich würde alles geben für ein Panel/Gespräch zwischen Hainer Flassbeck, Gary und/oder Maurice Höfgen, Ich glaube bei allen wird das gleiche Problem aus unterschiedlichen Richtungen erklärt.

[@Thousand_Word]

Take a drink every time he says that he used to be a "young trader"

[@me-nx3wy]

Great interview ! You should also interview Professor Richard Werner

[@dirklorenz7976]

Gary is a gem. Sorry for my German guy who's like Germans are: A litte bit annoying. Or a load. ;)

[@BunnyRabit-yo3lx]

😂

[@suppncasper]

10/10 Interview, probs

[@moritzmonska9912]

Phänomenales Gespräch! Ihr könntet Hans etwas lauter regeln, da er oft weiter weg vom Mikrofon redet. Ok ihr Lieben, lets go!

[@swapticsounds]

Es gibt keinen ausgeglichenen Überblick über die Theorielandschaft, aber weil es was mit Zahlen zu tun hat, scheint es in der Außenwahrnehmung meist die "objektivere" Wissenschaft zu sein unter den Gesellschaftswissenschaften. Das ist aber ein Trugschluss

[@PyaZ68]

Also die Analysen sind interessant, aber ja ok Bruder, wir haben verstanden, dass du der Beste bist. Selbstinszenierung durchgespielt.

[@mugnuz]

die harmlosere variante wenn man gut ausgesorgt hat nur ein egoproblem in ne harmlosere richtung zu haben...

[@suppncasper]

Das Ding ist, nur auf die Tour kriegst du Leute an die Angel, die sonst halt Musk und co feiern, die stehen auf Personenkult. Und genau die müssen überzeugt werden, nicht wir, die eh schon auf seiner Seite sind

[@luciaha8549]

Wurde er nun eingeladen weil er Millionen gemacht hat oder weil er kritisch über Menschen mit viel Geld denkt? Ich komme da nicht ganz mit. Wäre er auch eingeladen worden, wenn er einfach einen KZbin-Kanal hätte oder macht ihn der Fakt, dass er vorher erfolgreich getradet hat populär? Es ist ein ähnlicher Gedanke wie zu Marlene Engelhorn, die viel Geld geerbt hat und es nun verteilen will. Natürlich ist das populärer als jemand der es einfach für sich behalten will. Ich finde viele seiner Erfahrungen die er schildert spannend, was mich stört ist, dass viele der Fragen die gestellt werden so geframed sind. Wenn man nicht davon ausgeht, dass alle Reichen grundauf böse sind kann man dieses Interview nicht zu Ende hören ohne sich zu wundern. Das ist schade, denn viele Themen wie die Ungleichheit sind wichtig. Aber einfach immer einen Sündenbock zu definieren ist halt auch nur ein Werkzeug, dem sich auch schon gewisse Sozialisten vor knapp 100 Jahren zugewandt haben. Es ist in dieser Welt ein ständiges 'Wir gegen die" und ein "entweder oder". Man lehnt Geld ab und zugleich macht man sich in seiner Definition von Erfolg so davon abhängig. Auch das Thema Krypto hat er null durchdacht. Er hält Gold, kritisiert aber Bitcoin, das die selben Eigenschaften hat und bezeichnet sie als Ponzi-Scheme. Er kritisiert die Ungleichheit und die Verschuldung der Staaten, sagt er verdient viel Geld damit dagegen zu wetten, dass die Zinsen nochmal steigen werden. Aber zugleich ist er noch so in seinem LSE-Denken drin, dass er den nächsten Schritt in Richtung Bitcoin nicht gehen will. Der Typ ist Ende dreißig und hält sich aufgrund des Geldes das er gemacht hat für intelligenter als sehr viele andere Menschen. Vielleicht hatte er auch einfach Anfängerglück? Ich könnte noch unendlich viel dazu schreiben, aber es ist spannend auch die Kommentare hier zu lesen und was sie über die Menschen selbst aussagen, die hier kommentieren.

[@jonaszinnotec4581]

@hans j. Danke für das platzieren meiner Frage. Ich musste zu meinem Kleinen. Konnte es jetzt aber anhören 🙃🙂

[@nataljawehmer3161]

Well, this interview started rather poorly with Gary totally overdoing the "I earned millions" and Thilo repeatedly interrupting before Gary had a chance to develop his thoughts (he was searching for something - it could have been interesting and fresh). Rather annoying. But then both got into a rhythm and it became absorbing. It was great to hear Gary describing fundamentals and the big picture as he has discovered it through life experiences so different to mine... Great interview journey with an obsessive, analytically sharp mind... Inequality is evil and it is tiring how mainstream discourses belittle it 😢

[@joshuaellis3725]

I think that context of Gary being successful is important, because without it many are quick to dismiss his ideas. His success as an economist proves in my mind that his understanding of the world is aligned with reality.

[@jacquelinemarie6325]

Taxing the rich is an important message. Good policy is meaningful for any good government. Inequality is clear evidence of policy failures. Corporate law and accounting firms influencing tax policy is also key to corrupt asset accumulation and tax avoidance.

[@elizabethfitzgibbon3908]

You would be recognised if you went on T.V. I can’t understand why you are not asked to be there!You are soooooo intelligent!

[@claudiofreedom8738]

So ein wahnsinnig guter Gast und so wenige Views...

[@LasseRegnen]

Ja sollen se deutsche Untertitel rein machen, kann nicht jeder gut inglisch talken oder verstehen^^ Dann würden sich das vllt. auch mehr Leute anschauen/anhören...

[@hanspeterwunderlich8909]

Ist noch keinen Tag alt:)

[@maxkopfraum]

@@LasseRegnen Das ist verdammt viel Arbeit, selbst mit KI Rohfassung als Grundlage... Schön wär's aber.

[@DakotaFord592]

Omg!!!!! This man is beyond stunning!!!! I want to put my face next to the arch of his foot!!!!!!!

[@hansj.8091]

@@LasseRegnen die deutschen untertitel kannst du dir mit paar mausklicks in den youtube-einstellungen selbst automatisch reinmachen. dauert keine halbe minute.

[@dijabln1378]

boar ist das ein gutes interview, danke!

[@musikerie]

Respekt Thilo ich musste jetzt echt 2,3 mal schauen ob der stream nicht doch schon ein paar Jahre alt ist ... siehst gut aus

[@peteatkins9508]

Garry for President!

[@DroneRider69]

Toller Gast!

[@been_a_bean]

Thats for having Gary on and giving him a platform! 🤍

[@manueljohn456]

Großartiger Typ, gut dass ihr ihn entdeckt habt!!

[@brandy5836]

I think Gary should have mentioned that trading is a so called zero sum game, you can't create wealth from trading. In trading there are two partners, one loses and one wins. But no grain is grown, no machine bulit. Money can't work.

[@TheComfyraver]

Zack - nächster Volltreffer!

[@kujobeatdown]

I'd like Gary write a musical with Ren Gill

[@rebeccatuck2951]

Ren's the best ❤

[@IchLiegFlach]

1:36:50 wieso hat er "gecheated" bei dem Spiel? Ich versteh die Stelle nicht trotz mehrfacher Wiederholung

[@claudiofreedom8738]

@@IchLiegFlach weil er sich im Vorfeld hat die regeln erklären lassen

[@IchLiegFlach]

@claudiofreedom8738 danke

[@randomname2357]

Super Gast! Super Interview. Danke!

[@thomasnicholson6869]

Your dying of cancer, but the doctors don’t believe in cancer. Dropping gems Gary

[@hplutsch6499]

Super Gast! Ich hoffe, dass er im deutschsprachigen Raum mehr Aufmerksamkeit bekommt!

[@bobderbaumeister3031]

Nice Interview 👍 That clarity in terms of taxes 👌

[@lukasb.5182]

Vielen Dank für diese Folge! Sehr interessante Perspektive!

[@oddknack]

thanks

[@richardamullens]

Simultaneous partial differential equations ?

[@Chris-py1ig]

Bin noch in der ersten Stunde. Wird irgendwann eigentlich mal erklärt, wer der Gegenpart bei den Trades ist/war? Er hat auf stagnierende oder fallende Zinsen gesetzt. Dieser Trade braucht einen Gegenpart, der auf steigende Zinsen setzt. Sind das in der Regel nicht auch wiederum Superreiche, die sich gegenseitig abzocken? Über das normale Wirtschaftswachstum hinaus ist aktives Trading ein Zero-Sum Game und da die Mittelschicht sowieso nix zu investieren hat, wie werden so Assets an die Reichen transferiert? Dass es passiert, scheint so zu sein. Ich denke, der Mechanismus ist ein anderer.

[@AlexanderSchumann-bn1hk]

Jepp, wird anhand eines Beispiels erklärt. Angenommen, du weisst, dass du nächstes Jahr für eine bestimme Zeit eine bestimme Menge an Geld braucht. Gary ist der Meinung, dass nächstes Jahr die Zinsen weiterhin so niegrig sind wie aktuell (zum damaligen Zeitpunkt), die Vorhersagen der "Experten" sagen, es geht bergauf. Gary verspricht dir Geld für 1,4% in einem Jahr, was wenig wäre wäre, wenn es wirklich aufwärts gehen würde. Ein Jahr später, wenn du das Geld brauchst, leiht sich Garry das Geld am Finanzmarkt zum regulären Kurs, der, Überraschung, mal wieder nicht gestiegen ist und bei ca. 0% liegt. Garry bzw. City macht 1,4%.

[@Chris-py1ig]

@@AlexanderSchumann-bn1hk Danke, dann hör ich mal weiter rein ;)

[@aggrofreakanton]

Freue mich schon auf die Sicht von Maurice darauf im Wirtschaftsbriefing :)

[@mugnuz]

naja ich glaube das wird ziemlich unüberaschend und eher langweilig... auch ohne mmt gibts ja keine wirklich rationale meinung gegen die hier genannten ansichten gary's

[@hoshy0001]

cool, dass Gary zu GaST war! sehr interessanter Typ, werde ich sofort anschauen :)

[@marv1nperator]

mister "allgemeine ausflüchte" in person. schwer dem zuzuhören, bis er etwas sinnvolles sagt.

[@robertjanusz3136]

Al Pacino in devil’s advocate, never let them see you coming

[@GreyFox474]

Er hat Lars Feld wirklich gut beschrieben. :D

[@florianknoblich7436]

"get a house" is repeated over and over BUT if you can own one, you can own multiple and if you can own multiple there might be not any left for the rest, at least not to a decent price. Therefore you need to limit the amount of houses someone can own. And if you restrict owning the amount of houses why not just stop anyone owning a house and definitely not inherit a house...

[@kanucks9]

But if you own one, you can't necessarily own a thousand. It's okay to have rich people and poor people. It's not okay for rich people to own "everything" thus you tax people based on wealth, which indirectly limits the number of houses they'll buy. And everything else! Which is important.

[@florianknoblich7436]

@@kanucks9 I dont like to live in a world where there is some rich kide inheriting a house, renting it out to someone else taking a third of this persons income...if that is enough... in Berlin and other big metropoles it is often half...the rich kid inheriting the house has not contributed to society, but is getting some reward for being a useless heir....and the tennant can work his as off, but will never be able to earn the 3/4 million that an apartment for a family is now costing in a bigger city...it is not acceptable that the society is selling ground for one time price, but giving away an unlimited privilege, to collect rent til intenrnity...you pay a limited price, you should just get a limited privilege, so society should just give you a limited leashold as well, maybe 70years, maybe 100years, but then it has to get back to society...otherwise it is not better then feudalism....

[@willyjohnsons_member6019]

Ladet doch mal Prof. Heiner Flassbeck ein.