I'm watching this a year later. It is not prophecy, it is now fact. The bravery you show from walking away from your former life to this is outstanding. It's not like Liz Truss could even exist with you in a debate. Now she's cuddling up to Steve Bannon....
@neenaj3658 ай бұрын
This is a good man. He’s sitting here clearly stressed about the situation. I’ve seen people like him become very arrogant and narcissistic on less than he earned as a young man. He’s very much his own person and not flashing fake symbols of wealth (overtly flash designer clothing etc). He states facts and backs them up. This is the man who should be leading the country, with his own choice of advisors around him. Big respect.
@keithcommins7 ай бұрын
What "facts" does he state? He would wreck the country with a year, if he was anywhere near the levels of power. He is a leftist who hasnt a clue how the real world works, he thinks the answer to everything is tax the rich. He never bothers to consider that you can't tax the rich without there being consequences, he thinks you can take from them indefinitely and it wont cost jobs, wont see capital leave, it wont raise prices, that you can just take take take -and it will be fine. That if "the rich just pay their fair share" (whatever that means), it will magically mean the NHS has enough money and waiting lists will be a thing of the past (spoiler alert - it wont), the trains will run on time, the roads will be smooth and free of potholes, and poverty will cease to exist. He is beyond clueless. Not ONCE does he ever consider, "hmm, maybe we should hold government more accountable in how they spend our money?" You know that the UK government blew 450bill on that bug (I cant say what it was or else my comment wont appear, isnt censorship wonderful?) we had 2020-2022? 450billion? And you think shaking down the rich is going to suddenly mean there will be enough for everyone, when they spend that kind of money? Get a grip. His solution is just "get more money from the rich".Does he not think thats not been tried before? Like all socialists, he lives in a fantasy land. His ideas have been tried time and time again, and guess what - they NEVER work, the outcome is ALWAYS the same. Oh disagree, do you? Name me ONE time they have. Ill wait..
@oliver5562 жыл бұрын
This channel should have millions of subscribers. You're a shining light in a truly dark and crazy economic climate. The fact you could be sat on a private beach somewhere but have chosen to stick around and help the majority of the population is amazing. Massive respect to you
@@cassandra2249people mostly do their best I guess. Easy to judge. We are so brainwashed as a species.
@ritcha022 жыл бұрын
This whole concept of money being fundamentally relative is the lightbulb people need. Thank you for your work Gary. It clearly weighs heavy on you. X
@0532phillipjoy2 жыл бұрын
Except thicko-me still doesn't get it!!!
@ritcha022 жыл бұрын
@@0532phillipjoy Go to 53 minutes in this film. kzbin.info/www/bejne/ona5ZnR8e8iNY9U
@claudew77632 жыл бұрын
@@0532phillipjoy A cup of coffee costs £1, but there's only one. You are about to buy it and a rich person walks in and says I'll give you £2. Now you can't buy the coffee.
@jimisoulman60212 жыл бұрын
Is the problem here purchasing power of money? My basic economics understanding describes money as a medium of exchange and a storage of value. I am trying to tie these in with the notion of relative value, which Gary is describing here.
@claudew77632 жыл бұрын
@@jimisoulman6021 That is correct, but the problem is: you were given a piece of paper that said this is worth one goat. You wait too long (say a year) and then you go back to trade your piece of paper and now suddenly goats are rare (or there's a lot of them), suddenly your paper is worth a different value (i.e. your piece of paper is worth a goat and a half or two goats), because goats have made too many babies, or they haven't made enough. Money, unlike actual bartering, is a relative value dependent on the resource (in this case goats), and therefore subject to change according to conditions...
@steevbishop2 жыл бұрын
Novara Media led me to Gary. I’m glad it did. One thing that doesn’t get mentioned much is when the basic rate of income tax reduces that doesn’t just help people on lower incomes, it helps all earners. So those earning over £150k (and actually paying their taxes) not only benefit from less being sliced off from the top of their incomes, but also get a little extra at the bottom end too. Now that in itself isn’t scandalous but it should be taken into account when addressing how tax cuts affect higher earners. If they’re getting a boost from the bottom end then maybe there isn’t the need to cut taxes quite so much at the top.
@juliewake45852 жыл бұрын
And me.
@ultraginge19902 жыл бұрын
Same here. He is brilliant.
@davidbates30572 жыл бұрын
This is something I also noticed never got talked about. They played up how the basic rate reduction was for low earners, but it affects every earner equally. If anything, it still benefits the super wealthy more as they'll undoubtedly reach the entire basic rate threshold and will get the largest saving from it. It's time that people basically woke up and realised that the only solution out of this is to start normalising tax on capital gains with earned income, closing loopholes, and taxing the super wealth at the top to a far higher degree in order to fund investment in the industries the country needs moving forward. Anything beyond that is simply living in an idealistic past and trying to cling to an economic system that, while great for some in its day, is no longer fit for purpose.
@davideyres9552 жыл бұрын
@@davidbates3057 also as you earn over 100k the amount of tax you pay at that 20% rate increases as they reduce the tax code is reduced. So technically a reduction of the lower rate means the rich get more back from that too.
@nomadcarpenter85492 жыл бұрын
@@davideyres955 sorry, your lack of punctuation makes it difficult to understand
@pennycheshire56082 жыл бұрын
Your voice is so important. You talk to people directly and in clear language about what’s going on and it’s sadly so very rare. Especially in your field. Thanks for the work you do. 🙏🏻
@SHIRLEYPUG88 ай бұрын
Good man Gary, you are a big piece in the puzzle of putting our country in order again,wish there were politicians with your patriotism.
@bexiboo19812 жыл бұрын
I’m glad you’re making these videos, I have a better understanding of why I’m so pissed off now. Sometimes the truth hurts but you still need to hear it.
Gary, please continue to share this information. Someone of your experience is essential to show people the truth, no matter how grim the outlook may be.
@rich-rothschild14002 жыл бұрын
Kwasi Kwarteng reportedly attended a private champagne reception with hedge fund managers at the home of a Conservative donor on the same day he delivered his mini-budget. The chancellor is alleged to have given guests information about forthcoming government spending cuts during the event at the west London home of Andrew Law, a financier, on the evening of Friday 23 September. Kwarteng’s mini-budget earlier in the day, which introduced a £45bn package of tax cuts that will mostly benefit the richest fifth of households, triggered economic turmoil - with sterling collapsing to its lowest level since 1985 and the Bank of England acting to save pension funds.
@Skylark_Jones2 жыл бұрын
I would love Gary to comment on this, the fact that Kwarteng is fraternising with hedge fund managers like Crispin "Odious" Odey then them betting against the pound. At best it does sound like some kind of quid pro quo thing going on; at worst insider trading.
@tonyf99842 жыл бұрын
@@Skylark_Jones Article in today's Guardian about this ...
@lindalong50522 жыл бұрын
yes,and all those people who knew in advance the details of the budget could make a tidy sum by,for example,shorting the pound. I remember a multi-millionaire acquaintance years ago telling me that the only way to make money on the stock market is to get "insider information", i.e advance information that a company will acquire/ be taken over/merged/affected by new legislation... Woteva.
Why has Kwasi not been investigated? Why no accountability for wrecklessly tanking the economy and wiping billions off the UK economy/value of the pound? Why no investigation into short trades that were placed and possible insider trading?
@johnwright88142 жыл бұрын
A woman on Question Time said she's buying a house, and two weeks ago, was offered a mortgage at 4.5%.She was told that now all those offers have gone, and was offered a mortgage at 10.5%. The gasps from the audience was telling. Even the presenters were shocked.
@@Skylark_JonesIt wasn't the whole program, somebody linked to a post on Twittter, and though I don't do Twitter, I can view a single post. A Google search with relevant keywords should bring it up.
@victoriavelvet36892 жыл бұрын
Oh Gary you’re doing your job just fine, it’s the media that should be shouting all this from the rooftops! Thank you for caring.
@johnwright88142 жыл бұрын
@@victoriavelvet3689 You should post this as a new post, not as a reply to mine, if you want Gary to see it. Copy/paste will work fine.
@mdhazeldine2 жыл бұрын
You're a good man with a compassionate heart Gary. You're doing the right thing by making these videos, because even though the news is depressing, we can't give up the fight and let them screw us over. I know it's not going to fix the problem, but at least Kwasi is gone and now today Lizz is also out! It feels like a step in the right direction (perhaps). Or at least a step away from the wrong direction.
@otisedwards802 жыл бұрын
Thank you Gary I really appreciate your videos and hard work educating us please continue your work we all need to be aware of what's happening when it comes to wealth and inequality
@mge4562 жыл бұрын
Great stuff Gary, thank you. It’s a pity that the mainstream media don’t discuss these topics. During interviews, politicians make unsubstantiated claims, sometimes downright lies, and are never challenged by the journalists. It would be good to see people like Gary interviewed more often.
@RRiaz-np4lr2 жыл бұрын
Hi, Gary! Hope youre doing well. Im a phd econ student from pakistan. Your videos are a treasure trove. Youre appreciated and heard all over the world.
@garyseconomics2 жыл бұрын
Thanks man that's great to hear!
@lynnevenables71932 жыл бұрын
My biggest salute to you Gary is that you didn’t disown your roots. That is a massive asset to us because you could have pulled the ladder up but you didn’t because you’ve lived it and you know what’s happening is wrong and ultimately it will affect you. I really respect that! My only criticism is that in some of your videos, you can be a bit repetitive. But keep going, I’m sharing your videos because we have to make people understand that this will lead down the road to fascism.
@metalhead25502 жыл бұрын
Thank you Gary for showing your whole authentic self, I appreciate it even when the news isn't great :)
@deadswordnixon26072 ай бұрын
thank you so much for existing. i mean this. i feel like i need you. i feel like we all need you.
@Seearacc77992 жыл бұрын
Thank you so much Gary for sharing your knowledge so us lay people can understand why things have been so bad since 2008 and keeping getting worse. I've learnt so much already from watching your videos and am looking forward to watching more of your content 🙏 Please keep going with your mission as you're right, this is a fight all of us need to get involved in.
@almafrith7782 жыл бұрын
Thank you, Gary, l always look forward to your podcast. It's so important that people understand the effect of economics. What this government has announced is more transfer of wealth to those that don't need it leaving people worse off, I would love to know why they think we should accept this.
@adrianleal23462 жыл бұрын
Thank you for the video and all your work. I get you feeling demotivated. I also feel like that in the United States. Just remember that the first civil rights March in DC had 15 people. A few years later it was more than 100k. People like you will make things change.
@JACKSAROWW2 жыл бұрын
If there’s anyone on KZbin who deserves to make long content it’s you Gary you have so much value to add please don’t hesitate to make longer content tbh I would prefer you to make longer content so I can learn more…. There’s a gap in the market. Your the man to fill that.
@11JTmc2 жыл бұрын
Well said, it might be better for the algorithm to create shorter content but I love longer content! It seems that many channels are still successful while creating longer content
@wyrmie842 жыл бұрын
Fantastic Gary !! Your enlightning to listen to, not only because of your clear an easily understood explanations of economic cause and effect but because of the heart you show to the rest of humanity! People like you should be celebrated! Keep up the good work, and keep up the passion!
@HeatGeek2 жыл бұрын
You are so good! So glad I found this channel, common sense and logic driven.
@jebimasta46048 ай бұрын
Love when my KZbin bubbles collide! Hey HeatGeek!
@richardwells78832 жыл бұрын
I’d like to be wrong, but I suspect that a massive increase in interest rates will lead to cheap homes available through repossession. This will enable the richest people in the country to expand their assets and push current homeowners into renting. And again, the richest get richer. 😢
@demonbunnny2 жыл бұрын
I think what will happen is the rich folk will buy the properties, rent them back out to the people who lived there for way more than the mortgage is and universal credit and stuff will top up the income of the renters and all of us pay for that in our high tax, NI & extortionate VAT. so we are basically funnelling our money straight to big landlords.
@danielcollinson44562 жыл бұрын
That's the plan, and it'll work. My fixed rate runs out in early 2024. I doubt i'll be able to afford the mortgage by then
@mididoctors2 жыл бұрын
YES
@billyvernon15352 жыл бұрын
Spotted you on nevara. These videos of yours are diamonds. For me, you, like Russell brand ironically enough are putting words to things I subconsciously understood or witnessed and to have someone vocalise it like this is hugely commendable. They won't stop until people are dying and buildings are burning. That's my forecast. Upwards of some 500,000 odd have died from austerity and COVID collectively. 4.2 million child now in poverty. The wider community frankly don't care. And they won't care until it impacts them. I've recently called middle class wealth, the new lowerclass and their wealth, a superficial wealth that buys their complacency. Sadly I don't see that changing. But fair play for your empathy and decency in a world where there isn't much left. Thank you. Can't wait to read your book.
@paulinskipukprogressive49032 жыл бұрын
Gary, this is a great thing you’re doing - to share the insider financial knowledge You are helping to CHANGE THINGS
@aidand37102 жыл бұрын
Hey comrade, working class here from America. My partner and I had to flee to Mexico it’s getting so bad there. Rent is skyrocketing as you say and over a million have died from Covid. Hospitals are collapsing. My siblings have attempted suicide. You are right. Thank you for betraying your class to help spread the message. I know it is hard but every little bit helps. Revolution is the only way, to seize the means of production and our society back from the capitalist oligarchs for the working class majority.
@Afrobriit8 ай бұрын
Gary, thank you for your contribution to the struggle, as hard as things are, I genuinely believe that working class people will wake up one day, if we don’t it’ll be our demise
@SwingLow225 ай бұрын
"Nothing strengthens authority so much as silence." - Leonardo Da Vinci
@XBR4Da8 ай бұрын
I wish i found this channel years ago. You're content is so refreshing and really engaging. I really hope you give more reactions, especially as we get closer to the election
@kevinhayes78302 жыл бұрын
Brilliant Gary your a true working man's hero well done mate please keep the great work up buddy 😎👍
Glad you made the video, must be really hard. Better to know the truth then bury your head in the sand. Unfortunately ordinary people don’t know what to do even if they understand what’s going on. Good to know there are some well off people with a conscience. Ultimately won’t be good for anyone, rich, poor or in between.
@davebento15482 жыл бұрын
I hope you listen to what people have written in these comments because your voice is really important. Never worry about telling the truth and giving people the facts. That is the only antidote we have in the populist post truth world we live in. I am one of your early subscribers and I share your vids as often and as widely as I can. Thank you Gary.
@tessellatiaartilery81972 жыл бұрын
Thank you for deciding to make this video. It is a huge public service for you to explain your knowledge and insight. Your style and candid approach make it appealing to a wide audience. It might not be a feel good message you have for us but we need to understand and then share it with others. Your project here could potentially save thousands of lives and livelihoods if we are helped to make more informed choices at the ballot box, or even vote at all. Keep up the great work.
@jamieashton38352 жыл бұрын
Thanks Gary not many rich people have a conscience and support social justice thd working class must now fight against this totaly corrupt vile narcissistic tory criminal cartel
@carrollsylvia22 жыл бұрын
i've thought it for a long time,but hearing it from someone who has worked in finance is scary.what i thought was were fucked, and you have confirmed it. thank you Gary keep on going.
@paulinskipukprogressive49032 жыл бұрын
Keep doing more Gary - show us the money picture around the Conservative party
@jimisoulman60212 жыл бұрын
Great Video Gary. Thanks for sharing your thoughts and analysis. There are so many layers to the economic shit storm that this country is experiencing. One that I think is fundamental is the pervasive nature of debt - not just mortgages but other consumer debt, which has been the main way people in the UK have been supplementing stagnant wages for the past twenty-thirty years. We have experienced ridiculously low interest rates for the past 14 years meaning debt has remained unchecked. Now interest rates are spiking the chickens are coming home to roost. Can you make a video covering debt in general and how it has become an essential part of our economy? What debt is used for in working class, middle class households? Furthermore what can we do to free ourselves of debt?
@SuperCollyDolly2 жыл бұрын
Thanks Gary, I’m glad you decided to do this video 🙏I wondered what are your thoughts on David Graeber and his work? I’m struggling through his ‘5000 years of debt’ book, but I always receive massive hope from all his wrote ❤ ‘The morality of debt and the morality of work are the most powerful ideological weapons in the hands of those running the current system. That’s why they cling to them even as they are effectively destroying everything else. It’s also why debt cancellation would make the perfect revolutionary demand..’
@ritcha022 жыл бұрын
That sounds good. I’ve always questioned this idea of work. The currency of your life is your time and we accept that we must exchange it for tokens ‘cash’ which are made up by central banks. It’s the water we swim in so we can’t see another way. There are alternatives.
The cold-open is funny on this one, looks like you're taking a second to figure out how to speak politely about such a god damn disaster.
@debbiemiller1632 жыл бұрын
God bless you Gary. You are such a light in the darkness. Your passion and heart give me hope. Be gentle with yourself you are doing an amazing thing xx
@taylorjames19852 жыл бұрын
Hey thanks for this video, hopefully many more people will get to see this. Massive props to you too, you can clearly see the struggle internally you had with making it especially with yourself being so open about your background and upbringing. Keep on pushing the top content and education.
@lemongrabloids31032 жыл бұрын
I wish I could see more of Gary on TV discussions, but I can guarantee the media won’t allow that 😅
@chrisnewman52912 жыл бұрын
Really love your economic analysis. I did economics at A level and considered quiet successful compared to the people I grew up with in relative poverty, own my business and would be considered middle class on income scale. These mistakes for me go back to 2008 a time I was going to go to university but went the following year. The government has made huge mistakes time and time again over distribution of wealth and there will be a tipping point either in new government or revolution etc. Because of the government debt I think the bank of England is limited on how much it can raise the base rate to combat inflation, as I believe Western economies, especially the UK will be at risk of default. I do not see government debts ever being paid back under the current economic model unless they tax wealth and nationalise things like energy and use those profits for public services and social homes etc. I believe we are at the later stages of capitalism and the only way to save it is a dramatic re-distribution of wealth through taxation and nationalising many industry's and sectors including commercial banking. Money does not act like it, is suppose to in economics books under the free market model, it does not efficiently allocate scarce resources to those who need it most, liberal capitalism could never work because its built on flawd principles. Keep up the good work enjoyed your Novara media interview!
Very clearly put. Thank you. Keep going, you're generating word of mouth Historically, it's been the less educated, vulnerable working class that have been affected by redistribution. As time goes on, the need to make the rich more wealthy affects the educated middle class more- there are only so many assets to swallow. However, the higher the greed goes, the more likely this will be noticed by people with greater education and influence- the higher the chance for change.
@dazblade2 жыл бұрын
Dude... I think you and mick lynch should start your own political party... you'd get my vote. Love your stuff, and how you explain it. I just wish I could see how we could possibly get the rich to buy into what seems to be the only logical way to improve things... if we improve things for everyone, what a much better place this would be to live....
@the-green-racer6925 Жыл бұрын
I’ve just encountered Gary’s work and it’s a complete eye opener to what happening. I’m super happy I’ve stumbled across it.
@anasuzzaman35782 жыл бұрын
I can hear the passion in your voice! Keep up your good work
@pandora84782 ай бұрын
I love it that this guy hasn’t forgotten where he comes from.
@AdamBurgess-b9y7 ай бұрын
I've been trying to wrap my head around this relationship between wealth and poverty for years, and I'm not stupid. But you just summed it up beautifully... "Money is relative" That's it. In it's entirety. You're only a millionaire if I'm not.If we've both got a million you ain't got shit, and neither have I. Unless someone else comes along with nothing, then suddenly we've both got half a million. Wealth is utterly dependent upon poverty. But you can't tax extreme poverty or extreme wealth. So the ideal for the economy is to tax the poor just enough that they can afford to keep paying it without going under. That's why they offer me new credit cards, and overdraft increases, because my statistics show exactly how much debt I can shoulder without going broke, and exactly how much more I could take on if I were desperate. If this was heroin, the economy would be a pusher. Thanks @Garys economics. Keep it coming please. Gradually the information will filter through
@AdamBurgess-b9y7 ай бұрын
..Whwn I say you cant... I mean the extremely poor haven't got it and the extremely wealthy won't give it...
@patriciafanning66432 жыл бұрын
Hi Gary, thankyou for all the work you do in explaining 'market economics' in a way that makes it accessible and de-mystifying and debunking the often alienating language of how economies work - concepts that we really should have been taught in school, but that's another discussion. I particularly appreciated your analysis of the basic questions of where money injected into the economy ends up and who benefits, who loses, thank you
@Ianpact2 жыл бұрын
Having read through the comments, everything but one of what I thought to say was said. So, with that in mind, Gary, it's not your fault that people don't know about all this. You seem to want to carry a burden that is far to large for any one person or even a million. It is noble and righteous to want to do something about all this inequality but I urge you to never take so much blame upon yourself. Do what you can which is already far more than most. When you find yourself worn and withered, take a seat. Breath in the air. Get a drink. Look around and gather your bearings. When you are rested and ready, get back up and join back in. We will be happy for any assistance you are willing to give. Thank you for being a friendly and helpful voice in the wilderness of society.
@triggersw33502 ай бұрын
Yes, every one watching these videos should share them asap and tell people to look for them. Gary's Economics is such a brilliant header. catchy easy to remember and not off putting.
@stephenjones78042 ай бұрын
Gary Stevenson a secular apocalyptic prophet.
@01904bin2 жыл бұрын
Gary, I believe not only is it ‘right’ for you to make these videos I think it is your duty. Your videos offer informed insight into the complexities of the economic system and the real-world consequences of economic policies and decisions. Your videos help educate people that don’t currently understand or have had any education in such a complex topic that governs a large slice of their/our lives and forms a foundation to our society and culture. Well done, keep broadcasting and broadening awareness. 5 Star effort.👍
@vbvb41172 жыл бұрын
If you don’t make these videos they win. If we accept passively then they win. Nothing will get better by avoidance, not in this or anything else in life. We have two options, to do nothing or to do something. Only one of those choices have a guaranteed outcome. Doing nothing means nothing will change. Doing nothing means nothing will change. Of those two choices there is only one choice.
@christopherhoggins50082 жыл бұрын
Thanks for everything you do Gary. It really makes a difference.
You're doing good work friend. A writer friend recommended you to me and I now am recommending your work to others. You are doing everything you can so go easy on yourself there. There is on top of what you are saying struteral ineqaulity and a rigid class system in this country and at 80 with a politically active working class father before me I am highly aware of. (My Father was. in the CP and Labour before the War putting up such people as Professor Haldane the author of 'Being the Right Size.') I went to UNI in Montreal I could never have done here. Been successful in high skill jobs in Canada in Spain in Greece in Denmark but on returning to the UK I am again not allowed in the front door. The working classes are deliberatly disempowered as policy. So when such things as this arise we lack power. Our Unions have also been smashed.
@stephenfitzpatrick46322 жыл бұрын
Another brilliant analysis from Gary for ordinary lay people like me.
Great video Gary - explains the reality of what's coming !
@KetaManiacc2 жыл бұрын
Thank you very much for all your work Gary. Given the events of the last few weeks, I have been trying to gain a better understanding of the economic problems we all face, as I have often been so confused by the overly technical language used and just general seemingly complicated nature of the field. I'm well educated (studying for a PhD in chemistry) and pretty good at maths, but have always found it really difficult to get my head around macroeconomics and what different factors we should be concerned about. Your videos have been incredibly helpful at highlighting the problems we face, explaining what uber-wealth is actually like to someone who grew up somewhat poor and can't comprehend having that much wealth, and how important it is we tackle this for our future. Please keep up the good work xx
@muralidharr58862 жыл бұрын
Really appreciate your "key message" explanation.
@youcangetholdofjules2 жыл бұрын
Well done mate, that was very clear and direct. I have been Conservative all my life (just short of 50) like you probably a little more successful than I guessed things might go when I was younger, but the older I have gotten the more fragmented I have seen society become. The more detached from reality politics and commerce are getting - which culminated in someone like Truss ending up with the top job most recently. That she threw Kwarteng under the bus to survive another few minutes I guess will surprise no one. That the government somehow thought she had the goods for the job should cause some humility and reflection (no chance of that) when they inevitably throw her to the wolves and need to find the next arsehole. I would never vote Conservative again. Its humiliating living here now.
@onlyme12102 жыл бұрын
Thanks for sharing brother. I realize things are getting worse and you put meat on the bone. It's so sad that the working class keep voting against their own interests.
@BedheadJ2 жыл бұрын
Been waiting for this video! Please keep up the brilliant work Gary, your analysis is really important during such a difficult time.
@robertgrace61822 жыл бұрын
Even with my O level economics I’ve wondered for several years whether the government have already allocated land for shanty towns in the UK, because I could see them coming. When I’ve said this people thought I was joking or catastrophising because I’m not well off. I fear my prediction will soon come to fruition and we’ll find out.
@markwelch35642 жыл бұрын
Maybe they are already here, but hidden and scattered amongst everyone else Would you consider three or four people sharing a one bed flat to be shanty town conditions? Because such conditions have existed for decades, and are only getting more common
@IMO19642 жыл бұрын
I'm considering buying a bus to convert to living space. 1 years rent will do it but my credit rating is dogshit because I don't own a house and had a ccj against me I knew nothing about put on my last address from identity theft. Ccj just cleared. I've spent 3 months living in my van and 9 months paying for a premiere inn and b and b which uni credit say is not housing expenses.
@hilaryporter78412 жыл бұрын
I don't believe that you are limited in what you can achieve as you humbly said. I've always found it strange and wonderful how someone genuine like you comes over as utterly trustworthy and people recognise that quality. You will get your message over, of that I have no doubt.
@erskinelewis63652 жыл бұрын
Thank you. I now follow you on Twitter and will share your message. It is vital that our society’s mindset change’s quickly. 👏
You need more views! Try to get one of your vids to go viral... We need more of this
@thecollaborativenegotiator34202 жыл бұрын
I really agree with the sentiments expressed in this video. It is also worth making the point that richer people need poorer people to get wealthy too. This is the complete travesty of government policy, there cannot be any growth if ordinary people don't have money to spend. By and large the wealthy people who own factories, shops, restaurants etc also need those ordinary people to have wealth in order to sustain their businesses and wealth too. It is only a very select few even among the wealthy that are immune to this.
@ekenny34252 жыл бұрын
Thank you for making this video Gary. What you are doing is important. If you can get *me* to understand this issue, you can get *anyone* to understand it. I forward your videos and I ask my teenage daughter to forward them too. Take care ❤️
@skippy64622 жыл бұрын
Powerful and insightful. I hear many elderly people say that they're glad to be old and don't have the bleak future young people have.
@monikal.79982 жыл бұрын
Im sorry to say it loud but They and their children are the reason why their grandchildren will have a bleak future. WE can make it better for our future generations but we can't be bothered. Im so frustrated with people around me. They are busy watching stupid ticktokers but they are not interested in anything whats happening around them! Im on various "mums / family" groups and I can see posts about " how to stay warm without heating" or "how to save money on food " at least few times a day yet not once I've seen a post - "what should we do to change the situation"
@NicholasLovatt-jq2wc Жыл бұрын
Very human, very real keep fighting.
@k1ruffo2 ай бұрын
What you’re doing has a big purpose. Please keep it up. I couldn’t quite hear the message about wealth inequality until I heard it here. I know something is wrong because buying a house is out of the question even though I make a good living. Now it’s crystal clear why.
@noyhag2 жыл бұрын
Thank you very much Gary. I will pass this on.
@Patsy9502 жыл бұрын
I Saw you Gary in an interview with Owen Jones, an amazing person just like yourself. Please don't stop these informative videos we don't care how negative they are so long as they are facts and truth! They say the truth hurts, but so do lies! So please continue with the wonderful work that you are doing and thank you. 👍
@joshuaalfred83073 ай бұрын
You're a legend mate. Saw you on Damien Talks Money. You put a narrative to my long held feelings that things and getting harder and harder I'm sold on the vision. Well done mate, keep it up. One day I hope I can be just as influential. I have a feeling it will take many voices to make meaningful change.
@howtoin60secondsorless652 жыл бұрын
Really glad you made the video. Really well done explanation. I didn’t understand this at first but now I certainly do. Things have continued to get worse. Sharing is actually caring. Change can’t occur without knowledge. Thank you.
@psychedelatry2 жыл бұрын
Thanks Gary, again! I've learned a lot about how to think about economics from you and I was relatively well informed before I found your videos. Keep up the great work and don't be hard on yourself!
@psychedelatry2 жыл бұрын
As for getting your message out, your explanations are good but have you considered doing short (few minutes) infographic-like explainers for how greater inequality and inflation makes most people poorer? Could be good to get that crucial idea out there on social media and spread the recognition of that injustice
@carlrhodes3421 Жыл бұрын
Great Video Gary. Really appreciating everything you're doing to get all this vital information out to the people. Respect! 👍
@bobbauld48482 жыл бұрын
Gary, I understand your frustration in trying to explain the capitalist system flaws and i always encourage people who are genuinely interested to read Orwell's "Road to Wigan Pier" or, The Ragged Trousered Philanthropists" to fully appreciate that nothing has changed for the working classes ever!!!
@christinacramsie56462 жыл бұрын
The great money trick in Ragged Trousered Philanthropists is an eye opener. I read it and didn't quite get it, but then I found a video on it and totally got it.
@Knifeys2 жыл бұрын
We can fix the system! This is a positive message!
@adriancopland68432 жыл бұрын
This was a very painful watch Gary ,its not a time for wearing your heart on a sleeve, your not lost as to what to say ,putting it out there is part of Just being ,your work is invaluable no matter what the outcome!!!
@sheering092 жыл бұрын
Great explanation from you Gary as to why what is currently happening is happening. But if you, as an Economist and former trader can see this, WHY is this government STILL persisting in going down this road?? It's clearly not rocket science but basic economics! So, is it basic stupidity (god help us!) or is it just about lining the pockets of the party faithful?? In which case, our political system really is completely broken! 😢
@Neilhuny2 жыл бұрын
...trying to remember which Tory grandee commented on exactly that (Gary specifically) on Radio 4 ... Dominic Grieve? He said they don't believe that taking money from the rich and using it for the less well off via paying for government funded work like education, police, NHS etc does nothing to increase wealth of the country leading, in time, to loss of competition against other countries. I think that was the argument but it was a year or so back and I struggled to agree/see their point so haven't remembered it too well
@Ianpact2 жыл бұрын
"WHY is this government STILL persisting in going down this road??" Greed, arrogance, narcissism -- a refusal to accept that they have been wrong all this time. That they are not as great as they believe themselves to be. So, while there is certainly an amount of stupidity within, it extends from the belief that they and they alone are entitled to wealthy and power that they have attained as well as any that is available while also believing that all others are not. Anything that deviates from those beliefs and shows otherwise is simply something in the way and therefore any means needed to prop up the belief even if contradictory to the belief is acceptable.
@christinacramsie56462 жыл бұрын
Ppl think they are stupid or incompetent but need to realise that they are doing it on purpose. Cause stock markets to crash so tgey and their mates can buy up stocks then make money when they go up. Same with NHS it's all lip service saying they are for NHS want to fix it etc. Lots of the Tory MP's have shares in private healthcare, they ate just trying to make more money for themselves. It's not what they say its what they do.
@originaldexter93872 жыл бұрын
Thank you Gary ^^ don't usually subscribe to channels but your message needs to be amplified, too many people are resigned to the idea that this level of inequality has to exist
@WilliamAhlert Жыл бұрын
Thank you for bringing this to light! Please keep doing what you're doing and educating people. Every individual who sees your video is a massive success!
@annamariadangelo72962 жыл бұрын
Thank you Gary. I would like to share these videos you make with my 3 sons, but they need not only to listen, but visual aid too as that is how they are oriented. Please can you do that. I am sharing your videos with my friends and appreciate what you are doing. Greetings from Essex 🙏🏻😊
@darkangel6868682 жыл бұрын
Gary, you should always do these videos. The world needs them. Only a man who grew up in a poor household can have the empathy and compassion for suffering that you do. It’s sad to see that people don’t intuitively know trickle down was always BS. Look at places like India, it’s politics are like Truss, and look what a malfunctioning country India is. The fact that you got rich predicting the remarkably obvious, shows how intellectually challenged the average Joe is. That’s the saddest thing.
@austinsideburns2 жыл бұрын
The indian comparrison is not a very good point. One of India's (Vast & complex) problems is that it has been and still is a Kleptocrasy mascarading as the worlds largest democracy. The tax system there in theory actually does benefit the poor as they have a tax cap, so that the poor dont pay until they reach a certain point that will provide a reletivly comfortable life. The problem with this system is tax avoidence and a paralel underground economy.
@GalacticRadioNoise8 ай бұрын
Looking forward to the budget response from March 2024.
@shimmime2 жыл бұрын
Thank you Gary for taking the time to educate us. You could have chosen to keep your in-depth knowledge about the economy to yourself, so I'm eternally grateful that you choose to share it. Given people's reaction to the mini-budget, I think awareness of what's really going on and underlying consequences of government policy has increased, so don't give up. I am personally feeling overwhelmed by it all, and with the pound in freefall, I don't know how to protect my savings. Do you think it's likely that the BoE might freeze bank accounts as the central bank did in Cyprus 9-10 years ago?
@daviddevoy59662 жыл бұрын
Looking forward to your book Gary. Enjoy your channel, keep up the good work.
@MF_Omar2 жыл бұрын
Thanks for these vids Gary. I feel a little less terrified about the future, and still have some hope the good from amongst us will come together and sort this mess out.
@davidgrindlay51102 жыл бұрын
Thanks Gary, all sounds sensible to me. Budget mostly been rolled back by Hunt but still no plans for wealth taxes and/or closure of tax loopholes and tax havens most of which are under UK flag.
@Ken-sx6sl2 жыл бұрын
Brilliant video. A suggestion…Perhaps simple graphic representations of the info given would help us to understand and to pass on the message. If anyone here has those video-graphic skills, this would be a worthy cause for using them.
@bradbell40222 жыл бұрын
And this is *on* *top* *of* the self-inflicted cost of sanctions crisis!😳The Occupy movement after 2007 banking collapse explained much of the problem with gross inequality. That was their key message. But just because the best time to take action always seems to be 10 years ago, we can act now for the future. As the problem has grown more acute, perhaps more people will pay more attention. 'I can't afford to pay attention!'🤪Gross inequality is very bad for the economy as a whole. And it is directly correlated with poverty. More inequality = more poverty. And as seen with Occupy, the problem affects all the neoliberal countries (US/UK/EU/Canada/Australia/etc) so even *more* people. It's as if it's a problem with neoliberalism itself!🙀Thanks, Gary: important video
@StephenAnderson-l2l3 ай бұрын
Thank you
@Andyreally2 жыл бұрын
You’re definitely right to make this video Gary. Even at this stage, forewarned is forearmed.
@bigdaz72722 жыл бұрын
Most certainly yes. Everyone that see this who maybe thought the Government was telling the Truth may be more skeptical after watching this and maybe be able to make a little more sense of why what they are seeing with own eyes is different from what the government and mainstream medias picture they try to paint for you. Solidarity people. Fuck the Tories not the Country.