Everything They Tell You About the Economy is WRONG | Aaron Meets

[@macgp44]

Gary alone can't save us, but his great efforts over the past few years is giving us a chance to save ourselves. Thank you Gary!

[@andresgarciacastro1783]

He's growing soo fast too!! Let's help spreading the ideas!

[@theauldscientist]

Knowledge is power, and nobody apart from Gary is spreading the knowledge, he's so important to our kids futures.

[@HannesRadke]

I really hope he will become the next John Maynard Keynes in 20 years (ideally sooner).

[@laneeleanor]

Everyone in a democracy has some agency, no matter how small. I love that information is being shared about the reasons for rising inequality and the consequences for the vast majority of British people but he is not the only source of information, to rely on one person as a saviour is not a solution. In my opinion critical mass is what is needed for change.

[@Nika_Scott]

I'm 1 minute in and I disagree with almost everything he's said 😂

[@Taqa-w3p]

Hello, Gary. I'm Japanese, and I have to say, your Japanese is really impressive! I didn't expect to suddenly hear the word "hikokomori" pronounced so perfectly on the show.

[@dbz9393]

Gary is genuinely an impressive person the guy just gets barriers put in his way and his massive brain just bypasses them all

[@orzotubephi9328]

I'm curious, do the stuff he talks about also apply to Japan?

[@seawavechau]

He worked in Tokyo for some time I recall.

[@duxnihilo]

@@orzotubephi9328 I would GUESS so. But probably not as severely. Japan's decline has more to do with the US forcing them to appreciate the yen through the Plaza Accord.

[@MP-mr8rj]

@@Taqa-w3p not so keen on speaking Italian though 😂

[@Colston3]

This is the best Downstream yet, talking about the true problems we face. More content needs to be at this level of reality.

[@frusia123]

Hear, hear.

[@wolfgangscheurer8601]

damn right !!!!

[@martinrobinson9061]

We’re with you Gary mate.

[@juliewake4585]

Yes all the way.

[@JimboJimbo-i4i]

Brexit means brexit

[@howdan1985]

No we're absolutely not.

[@jasonhaven7170]

​@ Nigel Farage will worsen wealth inequality.

[@jasonhaven7170]

@ Brexit made everything worse

[@JenHamon]

I appreciate you clarifying that the "rich" are families with massive amounts of assets rather than higher-income workers like doctors. A big problem in American politics is the poor being under the misapprehension that professional workers that earn a decent wage are the problem. People with no concept of the difference between a million and a billion dollars think everyone with more than them is "rich" and it seems to block useful coalitions from forming.

[@skyblazeeterno]

True. Here in the UK the average income is approximately £30,000 a year so imo people earning over £100,000 are rich and can afford to pay a bit more tax. But the super rich are beyond that and sneaky so you'd need to tax assets namely property

[@artschool673]

Well, yeah, but there is also a problem that you seem to fail to see, which is that those with high salaries do not think that the system has to change because they are fine. I mean, probably the "useful coalitions" aren't formed because the high earners do not see themselves in trouble and do not give an eff about the rest as long as they keep earning what they are earning.

[@CnutLongsword]

@@skyblazeeternoand people on 100k pay around double the tax, around 40-45% of their income, which is a lot at 100k. Why people with millions/billions pay less tax than someone earning 30k is the real issue.

[@brainbane8550]

Noone should be a millionaire. Anyone earning £100k or more is able to live a very comfortable life.

[@skyblazeeterno]

@CnutLongsword they pay in tax bands so they NEVER pay 40% tax on their entire earnings. I do agree with your last point about the super rich though

[@MargaretDeakin-d6m]

Aaron this was one of my favourite interviews with Gary.

[@johnners911]

He is definitely a lot more comfortable with himself these days when it comes to speaking publicly.

[@MargaretDeakin-d6m]

Hi Gary, this old lady is not expecting you to save us all. Thankyou for telling the truth about economics, educating people is the start of self-empowerment.We all have to work together to gain some political elbow to have an effect and make changes. It is time for a more progressive party to be formed. Be happy, stay hopeful, be generous and loving ...and dont let the Bas___s grind you down.

[@PROMETHEUS20890]

There's already a more progressive party, one which will do something about the climate emergency

[@bevneesam7994]

Us old ladies listen and see young ,intelligent, humble people like Gary,with integrity and a moral compass and it gives us HOPE ❤ for our children and grandchildren.

[@tamashumi7961]

Gary is anything but humble though.

[@restrictionmars4288]

​@tamashumi7961 true enough, but at the least he stays largely focused on his own area of expertise, and he doesn't elaborate his views as part of a wider left/right ideological bent. Y'know, he's not trying to tell you how to live your life, just "this is the problem, this is how to fix it"

[@Geokinkladze]

How many old ladies do you identify as?

[@parisiteparis]

@@Geokinkladze possible all of the 89 people that have liked the comment

[@Geokinkladze]

@parisiteparis you think? 🤔

[@mrfieldy03]

One of the most important voices in Britain right now.

[@TheBlokeNextDoorMusic]

If you don't escape poverty, it ends up killing you earlier than your peers. We grew up poor. My dad died aged 52, my younger brother aged just 45. I worked hard & escaped. But some people just don't achieve it.

[@evelyncraig7243]

I have been in poverty all my life .but I make sure I adjust and survive. If you are willing to not worry about having the materials things like smart TV .computers ect .you can just get by

[@TheBlokeNextDoorMusic]

@@evelyncraig7243 I've got a good job, but my childhood means I am always hunting out a good deal. This is the richest my wife & myself have ever been, which is weird considering COVID & the cost of living crisis - but with various pensions pots, we won't be dying poor.

[@couldntfindafreename]

@@evelyncraig7243 Yes, until you don't. There is a point where you have to choose between accommodation, heating, food and medicine...

[@camillapalmer82]

Rest in peace to your dad and brother. That’s really sad. All the best to you and your wife. Poverty is entirely unnecessary.

[@TomRaine]

You have to change, find what works and you can make more money from (or lose less money on). People throughout history have had to adapt to survive. If you're sat there thinking i'm the victim of capitalism and thats why i'm stuck here you're screwed.

[@LibertyVoice-bx6en]

We are in the 1920s. The parallels are scary

[@roscojenkins7451]

And now the Bill Gates and other billionaires own the majority of farm land... Ya know... The food we will struggle to afford

[@TomRaine]

Yes, the roaring 20's actually, i think it seems to rhyme.

[@PeppermintPatties]

I read lots of Charles Dickens and see the parallels, and that was 200 years ago. It's scary.

[@henriikkak2091]

1920s inequality, 1930s politics

[@bonitajanssen745]

@@henriikkak2091 Drumpf will “fix it”.

[@denismichaeljames]

Gary has been predicting these systematic problems for so long now. Thank you for having him on. We are hopefully going to see a lot more of him. He’s super smart, and let’s hope he can help the younger generation to get motivated, to understand how this political system will only change when people wake up and challenge governments to tackle inequality and tax the super rich. He is a great advocate for working people. None of us truly know how Trump is going to perform? could it all come cascading down?

[@StrayChoom]

He reached near the same conclusions Marx did. The asset rich = owning class, owning class = bourgeoisie. He’s more or less a modern overhaul of Karl Marx. A trendier version. And it’s obvious why people hate Marx. Same reason they’ll slander Gary. Bro’s telling a set of obvious truths, then everyone powerful will be like “YoUr JuSt JeAlOus OF oUR WeAltH”

[@user-xy6ey7fc6f]

Too late to tax the super rich, a lot of them have left the country to Dodge being taxed, it's all rigged in favour of the rich

[@lalec589]

Since 2011, it's unbelievable how we kept hearing the saying "if you tax the rich they will leave" from many struggling to make a living.

[@MP-mr8rj]

They are leaving now though?

[@jasonhaven7170]

@@MP-mr8rj They're not being taxed...

[@semod8614]

@@MP-mr8rj That's good. Not like they get rich by helping everyone. They get rich by consuming resources.

[@suprfoodie]

in switzerland, the same argument is used. however, we do have wealth tax, at least.

[@TomRaine]

But the stats say they are leaving, UK is one of the top countries that they are leaving from.

[@eclectic-lee]

The GOAT guest

[@PROMETHEUS20890]

What's GOAT?

[@eclectic-lee]

@@PROMETHEUS20890 An acronym for Greatest Of All Time!

[@testpm-il7qq]

HELL YEAH!!! Gary's first interview got me into Novara Media

[@lololop58]

💯

[@lalec589]

100% agree with Gary's Facts-Based reasoning. Thank you for exposing the super-rich BS propaganda.

[@evechina118]

This guy so sweet ! I mean I know he speaks about serious stuff like economy and politics, but the way he is so honest and the way he speaks Japanese ! Wow ! So genuine and kind and beautiful human being !

[@Caius1930]

Do you speak Japanese? What do you think of his accent and fluency?

[@santacarlatwilight13]

The more I watch Gary's videos, the more I am in absolute awe of how incredible he is. Hope is a dangerous thing, but I feel some when I listen to him.

[@occupationallystrong1606]

I am a Doctor of Physical Therapy. I worked at quite a few large corporations in healthcare. I thought if I worked harder, I would see bigger returns. I found out 2x the work yielded a 1% difference in my salary. Conversely, if I worked out in the gym, even with diminishing returns, I could compete on a national and international stage

[@yaznin2474]

if we could get all the Andrew Tate "fans" to engage with Gary instead we could have a brighter future as a country, keep up the good work Gary. We need change and in order for that to happen we need the young to wake up and face the ugly truth.

[@RajuAhmed-sy7ys]

We all need to promote Gary as well

[@craivold]

Was introduced to Gary via your first video with him a couple of years or so back, followed him ever since! Has a great way of making sense of the current world we are in and I'm behind his message. Lets take our wealth back ✊️

[@tersecwalsingham5778]

Gary's insights are so good and well explained. I would also say he's improving in delivering the message as well. Great stuff.

[@mikezooper]

True but the angry thicko mob blame the vulnerable, so we’re doomed.

[@brainbane8550]

What's the message apart from do nothing and cling to liberal individualism?

[@tersecwalsingham5778]

@brainbane8550 The goal is to try and get it in to the public debate that wealth inequality is a problem in our society so we can put pressure on politicians and potentially get some kind of wealth tax. A bit of class consciousness would also go a long way in other areas we well. For Gary personally he believes if he grows his message and channel he might be able to get in the ear of the government given his expertise in the field and also his following.

[@masiosare3307]

In 1972 I came to Mexico taught English and have been here ever since. At the age of 75 I realize it's the best decision I ever made in my life

[@hscha2085]

I’m very excited to move out of the us. Your comment gives me hope

[@TomRaine]

Good on you pal, but some people are sat here thinking they're the victim and they can't do nothing.

[@MsMattmatt24]

@@TomRaineona group level, they are right, isn’t it? There are just a few tickets left for the ride. Most won’t get it. You surely don’t advise a lottery game as a solution, are you ?

[@MbisonBalrog]

Then why so many Mexicans illegally come to El Norte?

[@pjpredhomme7699]

It sounds like you have lived a fabulous life - that is more valuable than whatever trading commodities can do for you.

[@hafunland894]

I am American working class have done 40 years of hard labor (concrete, framing, roofing, etc...), and I admire Gary Stevenson very much! He is a working-class bloke as you guys, I believe call them. Thanks Gary from the bottom of my heart! Thanks for telling the bare warts and all truth.

[@davidmcculloch8490]

Bernie Sanders is saying the same thing about inequality and the desperate conditions for the working people making up half of the population.

[@thomashenderson3901]

Bloke is the right word, and I applaud you for using the right language!

[@hafunland894]

@@thomashenderson3901 Thanks!

[@camillapalmer82]

I live in a small town in rural Australia and we just won a massive battle against a Chinese plastic recycling plant that was trying to buy land and build a huge facility on the outskirts of our town and which would have greatly polluted out air and water ways. Through a really powerful grassroots and community led effort we won. Just making this comment because we need to be inspired by small positive wins. Community is currency. We need to fight for our resources and for our futures. Fight fight fight. Find a way to fight. We can do this.

[@Frazinator1869]

Let's hope your community in Australia would fight just as hard for their environ if the mega corp had been from the US.

[@pjpredhomme7699]

Absolutely - congratulations I can tell you that in the USA you could never win something like that - I suppose it depends a little on what state it is - but mostly the corps are going to win every time .

[@BunnyRabit-yo3lx]

Oh no! I feel conflicted because we need plastic recycling to be done in Australia (not by a Chinese company though) but I don't want your environment to be polluted. That's not OK. I never thought about the pollution that comes out of recycling plants. They need to take corporate responsibility dealing with the waste they produce.

[@FabAudioBooks]

Fantastic - good on you! Power to the People!

[@tonioinverness]

Yes yes yes and yes!! I find that when I watch a Gary video I have to keep stopping it every 3 to 4 minutes because the knowledge per second is so damn dense. Takes me two hours to get through a thirty minute video. And worth every minute.

[@olguiq1013]

Same ❤

[@MargaretDeakin-d6m]

Its so true about escaping poverty being almost impossible.Gaslighting young people by telling them that if they work hard enough they can get a rich life is cruel. Us baby boomers could mostly improve our lives by working hard, to a degree. Now, those opportunities are absent.Liz Truss complained that people just do not want to work in the UK.That is untrue, but people have become beaten by the rubbish jobs and poor pay.A universal income would be more honest, allowing people freedom to find happiness in other ways, or innovate and create things. Employers would be forced to offer more attractive conditions and pay to attract workers. At present the Bank of England threaten us continuously about raising wages and effects on inflation. Corporations want low wages to pay their shareholders more and more.

[@rustyscrapper]

If you work 70 hours a week and stay single you can be middle class, kind of😂 Getting married is a poverty sentence. The fastest way to get divorced is save money. Women can't think long term and unspent money is basically cruelty to them. The only relationships I see where the women doesn't leave is when they are broke renters financed cars and net worth is negative so in a divorce she gets half the debt. Then they mysteriously don't want to leave.

[@robbiewalker8403]

Is this woman in the room with us now ​@@rustyscrapper?

[@MargaretDeakin-d6m]

@rustyscrapper 🙏🤎 best wishes to you, and stay healthy. Feeling good helps us all get through these challenging times.

[@TFD.aep2]

@@robbiewalker8403crying bro😭

[@PROMETHEUS20890]

Universal income won't work while housing costs are so variable You need Universal services, including free housing

[@lorrainetullett2880]

God this government (Uk) surely need someone like Gary….trouble is he’s too honest & doesn’t mince his words. Go Gary, we need you & your voice.

[@MalcolmMXTaylor]

Great job getting Gary on!!! He needs more and more exposure especially in the next 2 years!

[@lonevoice]

Wealth inequality is a real problem as it drains the active economy and stokes up asset prices. What about the drain on the economy from US private equity hoovering up UK businesses on the cheap? Angus Hanton's book "Vassel State" is a real eye opener.

[@jamesellison3580]

Same horse different jockey

[@TomRaine]

The other way around, wealth inequality is a symptom of asset price increases.

[@lonevoice]

@@TomRaine The main problem with the wealthy is that they are unable to spend enough. Even when they spend a lot and as much as they want, they always have a surplus of income over expenditure which they then invest. They buy assets such as shares and property and with rising wealth inequality there is an increasing amount of money chasing a relatively fixed amount of assets. The consequence is that asset prices increase. The other side of this is that with increasing wealth inequality there is an increasing flow of money from the wealthy out of the active economy into asset purchases and asset prices. It then becomes an increasing drain on the active economy and becomes increasingly problematic to manage. It is the flow of money out of the active economy that is the real problem. There is of course a further knock on effect in that assets such as property then give rise to increased rents etc. This further increases the income of the wealthy and an even grater flow into assets but at the same time the active economy takes a further hit as increased rents diminish the spending power of the population.

[@mousquetaire86]

Aaron interviewed Angus on a previous episode.

[@sugoruyo]

@@TomRaine it's a feedback loop.

[@cemellialpay]

This guy is fantastic when talking about difficult subjects with great clarity.

[@stegemme]

Gary's videos should be part of the national curriculum from year 9

[@DL-hu9yw]

Fantastic conversation. Stuff like this saves democracies. I will donate now.

[@coopsnz1]

Big government the problem not capitalism that 3000 franchise closed in 2 yrs

[@Frazinator1869]

Ethical capitalism must be THE only capitalism; anything else leads to dystopia.

[@McCloudious]

Love seeing Gary around. Hit that like button purely to get more eyes on him. Great man doing great things.

[@erisu69]

Always have time for Gary - his insights are excellent and so desperately needed today. If there's a way to vote for his ideas in four years I'll do it.

[@billykotsos4642]

IEA fella you brought on your previous episode can’t even comprehend such a discussion. He has never been taught these concepts in lectures so he simply can understand whats happening.

[@oliverselle2861]

Hi Gary, I'm a big fan of your work and have been following your channel for about 2 years. After growing up in the UK I left in the early 90s because I felt that it was financially easier to live in Germany. Now Germany is following the UK in the downwards spiral. Prices are going bonkers and people in the middle class are loosing their stuff. Seems your message is applicable in most western countries. So keep on spreading the word.

[@jasonhaven7170]

Stop blaming "immigrants". Focus on the rich.

[@TomRaine]

Actually it's applicable worldwide. Thats why a national solution like taxing the rich will be useless.

[@wolfgangscheurer8601]

german here. you are damn right!

[@pjpredhomme7699]

This same thing is happening to varying degrees in all western democracies. They are all based on the same capitalist system - lead by the United States the large multinational corporations have situated themselves within these countries -in such a way that they make record profits - and contribute minimal to the societies/ countries and constituents they are in.

[@lorrainetullett2880]

Excellent chat guys….really warmed to Gary. My now deceased husband was a stockbroker & started in the 70s. A very different world to that which we have now. He was honest, moral & fiercely protective of his clients. The whole industry has changed beyond recognition.

[@davidc4408]

How so?

[@icu00000]

'Once you take wealth taxes and taxes on the very rich off the table, you are left with nothing but bad choices' So true, and exactly the reason I didn't vote for this Labour government. They either lack the courage to do what is required, or they don't understand the situation. Either way, they don't deserve our support.

[@evelyncraig7243]

No party will ever tax the rich .it's always been that way for centuries

[@johnners911]

@@evelyncraig7243 We used to tax wealth massively in Britain, and in the USA. It's only a recent phenomenon that we haven't tried to recoup some of our wealth in taxes.

[@Seeker2324]

It’s not about courage. They are part of the system. Parties and elections are simply the camouflage with which to hide plutocracy.

[@Ayeyermaw]

I no longer vote. Why would I vote for self-serving millionaire politicians and a system that doesn't work for ordinary people and our infrastructure and hasn't for decades.

[@edmurth]

@@evelyncraig7243look at tax rates post WW2 in both the US and UK, those tax rates built the middle class, created the baby boom etc.

[@susanmiller14]

Having followed your journey from the start, I am delighted that your message is finally gaining traction. You are so obviously correct! Find a way to move the dial and make the change we all desperately need!

[@olguiq1013]

Thank you for having Gary on. I hope more and more KZbinrs invite this brilliant, honest man educating us on the reality of our woes.

[@jayl5009]

It's not a question of taxing the rich more. It's about being able to tax the wealthy in the first place...

[@RayGoodspeed]

Gary on top form, clear and engaging. Excellent interview. Of course, if you really do try a wealth tax, then the backlash from the super-rich will be so serious (and terrifying) that you may just have to seize their assets and be done with it. And for that, you need a mass movement

[@danieltownsend5435]

I'd agree, except to add that a mass movement equates to a revolution. The 1% won't hand over an increased portion of their wealth willingly.

[@georgeleach2208]

Gary said tax their assets in UK that they can't remove.

[@edmond5713]

@@georgeleach2208 I wonder how many super rich would hold their assets under their own names? Which Uk assets you would like to hold?

[@Betweoxwitegan]

​@@edmond5713It doesn't matter if they hold them under their own name or not... Most will probably hold it under a trust, holding company and their family but that's irrelevant, it's still going to get taxed at source either way.

[@edmond5713]

@Betweoxwitegan It may also put more tax on those honest hard-working business people. It may harm them, and eventually harm … What made them super rich? The super rich invest on the high growing business that UK may not really have. It is proved by FTSE 100. Look at its past 20-year performance.

[@Betweoxwitegan]

@edmond5713 I don't see how taxing the super rich will negatively affect 99% of people, it will actually help small businesses by increasing aggregate demand as poorer people have increased access to capital, this increases the velocity of money and increases economic efficiency The super rich don't just get wealthy by investing in high growth businesses, they get wealthy by avoiding tax, exploiting workers, nepotism and corruption. Your assumption is that 1) high growth businesses are inherently good 2) investment in those high growth businesses is inherently good and 3) Those businesses are growing due to a beneficial manner, these three assumptions are unfounded most of the time. Yes giving out loans to startups is good but it's not necessarily good to invest in them for equity and then just because a business grows quickly does not make it good, if it produces net negative externalities then it obviously makes it bad. You simply have too many unfounded assumptions, rich people aren't necessarily rich because they benefited society, businesses aren't necessarily good because they're growing quickly and increasing the effective tax rate on profitable businesses and wealthy people isn't inherently bad because it reduces market instability

[@williammcilwain620]

Maybe start by taxing the royal assets

[@LeviticusStroud]

The section on the gym being more popular because it is a way to have some control and have an outlet where you can work hard and actually get a proportionate return is a good insight. We can also see the same thing in the hikikomori. They aren't merely withdrawing to a room to do nothing, they are moving to a place they have control of to do hobbies where if they want to 'study' their hobby to become an expert in it, they can. This is also where Tate and similar get their audience- telling them that the lack of control and ability to progress they are experiencing is someone else's fault. Unfortunately they put the blame on a particular group, usually one even more affected by this, rather than the system itself.

[@ganley2217]

In Robert Sapolsky’s book ‘Behave’ he mentions that studies have shown how subjective or perceived inequality is a much stronger predictor of the negative health outcomes of poverty than the absolute poverty level and I always thought that was super interesting

[@PeterHooper-y1t]

Great book

[@stefanwells8318]

I think inequality is a symptom of the main global problem, which is, the application of Neo-liberalism as the driver of capitalism.

[@Ocean_drifter97]

Yes, exactly! And 'austerity' will result from this. The Gov't can't really go 'bankrupt', as such, as it can always create money to spend - that's the point. (As long as it has a legally ratified budget, it can instruct the BoE to create and spend it. Tax revenue helps balance that expenditure. The Gov't is never actually called on to pay the difference; the 'national debt', as it's termed, is not repaid in practice. )

[@araonna]

It’s not a global problem. It’s the western world problem. Where oligarchs own everything, and 95% of population are poor.

[@420haxx]

I have come to the same conclusion, the consistent and rabid application of Neo-Liberal ideology is the the root cause of so many ills that plague the west in modern times.

[@Seeker2324]

It’s not a global problem : It is a Western problem. As he said, they would never allow this to happen in China. China deflated their housing bubble precisely for this reason, however painful in the short term, and however unpopular with the wealthy and the multiple-propertied classes. This is why China is so demonized by the Angloamerican media : because their system is the polar opposite of the Western system which makes the rich richer and keeps the majority in increasing servitude and poverty. As has been remarked for decades, poor Americans consistently vote against their own interests. Because they have swallowed the Kool-Aid and believe all the narratives.

[@ED-209UHD]

Global 😂🤦

[@ArshanArt]

Gary and Richard J Murphy have given me a great education on how things actually work

[@HistoritorJimaldus]

Add Stephanie Kelton to that list, MMT knowledge is important too

[@ArshanArt]

@@HistoritorJimaldus🙏🏼

[@mickhills6288]

And me. Watch Prof Richard Wolff as well

[@sukotu23]

@@mickhills6288 Richard D Wolff is brilliant. Fantastic economist and socialist.

[@brianadlich4406]

Michael Hudson is the best currently. He’s a dinosaur though. Gary is a capitalist seeking reform. He isn’t “the left”

[@rickferyok2462]

Gary is brilliant. The best economist I know of, and I've listened to a lot of them over many years now.

[@recycledpaper]

The trouble is that not only is there income equality between people there is also income inequality between countries. The rich countries out bid the poorer countries for their resources. The UK takes the soil and raw materials of poorer countries to supply us with food, materials and energy. This transfer of these resources creates the UK consumer economy and is the root of neo-colonialism and the destruction of the global ecosystem.

[@John-bc9ml]

Just finished his book. Read it in 2 days. Fantastic read.

[@GillianLownes]

I used to hate Novara it was just too ‘left’ to the point it was stuck in this ideology and not moving with the times But I must say thanks to bastani it is now my favourite Intelligent neutral informed honest journalism Thank you so much for bringing this to people’s attention Keep up your standards to this level you will go far and hopefully do your part in changing the world Love it thank you

[@Fjord66]

We need radio stations in rural and poor areas broadcasting this kind of content 😮

[@rand0mati0n]

Honestly the audio book for The Trading Game is so, so satisfying to listen to. You never get a proper London accent like that for audiobooks and it works so well.

[@simosg1991]

Really hope we get to see more of Gary on day time TV panels. More people need to hear his message!

[@abc-zz5zf]

Gary - you are a great person. Thank you for telling the truth and making people aware.

[@ShiftyGeeza]

It's interesting, yet unsurprising that not a single major political party even addresses income inequality. And Starmer just said a few weeks ago at an investor summit that he looked forward to working with Blackrock to transform the UK. Unbelievable!

[@RajuAhmed-sy7ys]

Not a single political party or media outlet pick up on the growing growth inequality - is because they are run by the billionaires.

[@zidermakesispooky]

I feel like I go to work every day for nothing, everything I earn just goes on survival so it's very difficult to have any sort of motivation and I imagine I'm not alone here. Something drastic needs to change for this malaise to be lifted in the UK.

[@chancellor3122]

It's survival at this point. Until it becomes survival for those pulling the strings nothing will change.

[@jaysphilosophy1951]

He's the only economist talking about this.....He shows true character....Gary you are a good man.

[@jercasgav]

Check out a few other folks that speak out on these issues like Gary does: Economist Richard D. Wolff. He hits on the same things as Gary too. Economist Joseph Stiglitz also mentions similar concepts too. Robert Reich is another economist, and was also former Labor Secretary to President Bill Clinton. They all do a great job at explaining similar concepts. Kudos of course though to Gary too! He really has a unique back story, worked in big finance, and he is by far the youngest one speaking out which is great. He has a flair for explaining these concepts in a different way.

[@gallunciello]

YES! Novara and Gary the lethal combo we need 💥

[@mikezooper]

People won’t listen. Civil war will probably happen (awful!). Fascists are rising. I reckon they’re all on Telegram plotting. Scary.

[@hl24681]

Gary, you are endearingly humble when it comes to speaking languages! What an inspirational person you are! Another great Downstream. Thank you, NM!

[@stevenkerber8724]

Fuck yeah. Another Gary interview. This guy is the truth.

[@froggy2341_]

I love listening to Gary speak, he talks so much sense 👌

[@Madaboutmada]

Pure gold at minute 53. Thank you for calling out the truth in a way that anyone can wrap their head around.

[@kevinmcgovern762]

Spread the word Gary we’re behind you

[@khadeejahpatel2015]

I felt like I was at a really great dinner party, talking about real issues. Thanks for the great conversations- Gary and NM

[@dawidstanczak8707]

I love that whilst watching this video KZbin algorithm fed me adverts on how to leverage tax laws to avoid paying tax on a property portfolios 😂😂😂

[@youthculture523]

Garry you are 100% correct about taxing the rich, but regarding migration as a policy, it has the following effects which shouldn't be ignored completely: - Suppress wages (supply/demand). - Reduce rental vacancy rates (they need somewhere to live). - Increase tax rate (good for federal government). - Increase strain in infrastructure and healthcare (not federal govt problem but becomes state's problem). - Increases house prices (in the case that wealthy migrants encouraged to come over and buy property - like in Australia).

[@pauloloughlinGuitar]

I found myself riveted by this conversation - brilliant !!

[@taranehahmadi-parker1412]

Thanks

[@zakairherar5250]

I think you should be the prime minister of the UK you know what is the problem in this country.

[@BunnyRabit-yo3lx]

I could listen to Gary talk all day. He's such a breath of freash air. 👍👍

[@N34R4T0M4T]

Gary is a smart and cool dude. I respect him for having the UK’s best interest at heart.

[@samuelallen8945]

always PUMPED when you get Gary on

[@philipnorthfield]

Thank you Gary and thank you Novara, undoubtedly the best most insightful voice in economics today. I have been a subscriber since the early days of both of your channels I hope to watch your continued growth and rise to prominence. Distribution matters! 👍

[@chipperrobinson4663]

Very good. Best interview in months. More like this please

[@nealmctaggart7229]

I think a good investigation into the term: “status anxiety” as the obsession with wealth and the symbols of status: house, kids, money etc. there is life outside of this. Don’t corner yourself in.

[@FLYGRDN]

The driving force behind those stuck in the veneer of life purpose described in the trainspotting monologue

[@smellythejelly]

Gary Stevenson’s insights are a wake-up call on wealth inequality and the systemic issues fueling it. His straightforward critique of how resources are hoarded and how policies fail to address the root causes is both refreshing and alarming. Love the part where he explains why the rich keep getting richer and the rest are left competing for scraps-it’s a stark reality we need to confront. His analogy of housing being a hedge, not an inflation buffer, is pure gold. Thanks for shedding light on topics mainstream narratives often miss.

[@liamhansell]

Always got time for Gary 😎👍🏻

[@raptorhacker599]

One of the best interviews on finance i have seen.

[@lukeolley5219]

Quality. Gary is a hero and we love him

[@GeorgeBritton611]

This is the most important guy on the internet right now

[@NihilisticG0d]

Everyone everywhere should watch this. These are issues which affect 99% of us

[@Madaboutmada]

Hey Gary & Aaron, If you haven't spoken to her yet, please interview Madeline Pendleton, author of "I Survived Capitalism and All I Got Was This Lousy T-Shirt". She's got an incredible story and actually has a highly successful and equitable business model here in the States.

[@anthonywaterhousr4198]

The “resources,”, were what we had as a nation of communities , wealth as “commons”, nationalised assets, municipal wealth like council housing and other assets, even MacMillan recognised this as the nations “family silver. All benefited from this, perhaps not always competently used. You can add to this the de- mutualization . All these processes involved the fire selling of common assets to those with the ability to buy . This launched the increase of wealth inequality. This policy was helped by funding from North Sea oil. That’s gone , we are left with the rotten fruits of Thatcherism .

[@bradmodd7856]

The UK is wealthy, imperial money is still there, wealthy nations are suffering from being on top because our economies are not growing compared to the emerging economies. The poor will have to pickup the slack. Best plan is to be like Gary and not be poor yet have time to be sympathetic and politically active.

[@sedgieroobets]

We need a new conversation about property rights. This is one of the foundations of democracy which is why many people get very anxious when you talk about 'taking away, or heavily taxing, assets'. But it needs to be reframed - as Gary has done elsewhere - that the rich have in fact taken away (or simply been given, by useless successive governments) our assets, which were previously held in common through our government.

[@lesterksi4521]

Thanks Gary! Your enlightenment is gold!

[@mattwright2964]

This interview is probably the most important interview out there at the moment. Great stuff, if you also added stuff about the failure to talk about the real economy, regional inequality etc it would really nail the problem that the UK is in. In the industrial revolution it was driven by investment in innovative entrepreneurs actually making things with an aspiring working class and a growing middle class driving it along. That aspiration was also driven by the desire for better standards to solve societal problems which in turn created growth and reinvestment. We now have a hollowed out middle class, a poor working class, the super rich and lazy passive income with accumulated assets. Economic talk is of fiscal tinkering not the real economy and society. This is not sustainable.

[@EMEL-hr4ut]

I like this guy. Gifted but modest and certainly informative

[@edwinsargent9105]

Rachel Reeves should meet Gary. I'd want him as a SPAD.

[@asher8464]

They don't want him because they aspire to the "rich" club themselves.

[@shimes424]

Gary is pretty much the reason I watch this channel Great talks on this channel, and Gary is one of the best

[@chadapol8056]

We're with you Gary - here's to you getting so big so that the governments can't ignore the people.

[@lewisyoung2247]

Heart of gold!

[@thechosenwon6762]

Gary it's time to start our own political party

[@alchemydp]

Best truth teller there is. Rock on Gary!

[@danielmoir13]

Gary for Chancellor, Zarah Sultana for PM!

[@davidpalk5010]

But what we're certain to get is Farridge, Anderson - and Braverman when she finally jumps ship - because the masses have bought into the scapegoating of immigrants.

[@ianbaker8243]

Thank you for this. It should be watched by everyone! Thank you Gary for your thoughts and insight!

[@nyokosuzi-k2i]

I honestly can’t believe this book isn’t getting more attention The Censored Guide to Wealth on Bovolorus really opened my eyes

[@alexisgoodwin]

spam alert

[@philipgraham3350]

First time commenting here; fantastic interview. So, I’m a expat Brit living in Japan teaching at a national university; we get subsidised accommodation - the equivalent of 75 quid a month. This is pretty normal here for people working in the civil service, for companies, etc. Makes all the difference; I earn ok money, nothing special, but decent, and that rent means I can lead a decent life. Aside from everything that Gary is saying, giving people affordable housing would be a big help. I get it - Japanese demographics are not the same - but surely we can do what we used to do and give working people at least the option of affordable housing… And great Japanese language skills from Gary!

[@conradtill851]

Hi Gary, i grew up in a council house. Thatcher allowed them to be sold off. That was the problem. Councils cant afford to do it and landlords find it too risky. I think its got to the point that the state has to take responsibility to provide the housing so people can move to where the work is. Cheers Conrad

[@Tufas]

At 100% debt/GDP and 5% yield the British are pumping 5% of GDP in government guaranteed basic income perfectly proportional to how much money one already owns, you could not devise a more regressive policy even if you tried. This is literally basic income proportional to how much you already have. Absolute insanity, how is inflation supposed to come down when you pump 5% of GDP into the economy just through interest payments?

[@Ocean_drifter97]

OK, but why do we need inflation to come down? It's not very high.

[@belindathorne9784]

Before covid economists were saying we need to raise the 2% inflation target, in order to erode debts.