Garys Economics
Garys Economics
Gary Stevenson
Gary Stevenson – inequality economist, former trader and author of The Trading Game – explains how real world economics work.
Why you should watch my documentary that's out this week
Weds 8 July 9pm: when my new documentary will air on Channel 4 in the UK. We'll also put it out on this Youtube channel from Sunday 12 July. x
Jul 5
19 min
Do bond markets control the government?
The UK and other governments owe a huge amount of debt, mostly to the rich, known as bonds. Changes in interest rates on these bonds can cause economic and political crises, as happened with Liz Truss. Gary explains how to understand these bond markets – and whether we can take back control from them.
Jul 2
1 hr 1 min
Elon Musk is the world's first trillionaire. How scared should you be?
If unstopped, the trillionaires will eventually have no choice but to take everything from you, your children and your grandchildren. Here's how it happens (and how to stop them).TAX WEALTH NOT WORK tshirt: https://shop.garyseconomics.org/CHAPTERS(00:00) Intro(00:21) What is a trillion?(03:03) What does Musk own?(06:56) Should you be worried?(13:00) They will own everything(16:27) Victorian levels of poverty will return(18:17) Do you want your kids to own things?(21:08) Is this a new feudalism?(26:31) You will lose to the trillionaires(28:33) Colonialism and the Industrial Revolution(34:35) Tax wealth not work(36:21) My predictions came true(38:45) What are you going to do?(43:32) More in common with each other than with Elon Musk 
Jun 21
46 min
Why does The Economist hate wealth taxes?
The intelligentsia are going all-in against wealth taxes. Are they just trying to mislead us, or do they have valid criticisms? Get TAX WEALTH NOT WORK t-shirt and stickers – https://shop.garyseconomics.org/CHAPTERS(00:00) Intro(00:55) Are we a meritocracy or an inheritocracy?(06:53) Inheritance tax vs wealth tax(12:27) Would it deter innovation?(18:52) Taxing the most productive people(21:07) The Economist’s integrity(22:21) What our intellectual elites think(25:40) Confused or misleading?(27:30) They are trying to distract you(28:42) Why journalists bat for billionaires(30:26) If you have less than £10m listen to this(34:47) Wealth taxes are NOT far-left(36:56) We need the intellectual classes(38:45) They are scared we’re going to WIN 
Jun 14
41 min
A wealth tax in the UK is becoming unavoidable
Are we about to get a new Prime Minister in the UK? The change in leadership may be the best chance we've ever had of winning wealth taxes in this country. And it could be a blueprint for other countries around the world.Chapters(00:00) Intro(00:36) UK situation(02:18) Who will be the new Prime Minister in the UK?(03:41) A poisoned chalice?(07:57) Strong position to get wealth taxes(11:13) I will back Labour if they do this(15:45) Adopting our political framing(22:01) Would Andy Burnham really be different?(25:11) The markets refuse to lend the UK anymore(28:09) What happens if we DO get wealth taxes?(31:01) We need to tackle long-term problems(34:13) MY PREDICTIONS(34:57) The progress we’ve made
Jun 7
39 min
Why Jeff Bezos wants to cut your taxes
The world's fourth richest wants your taxes cut to 0. Why did he say this last week – and should we believe him?T-SHIRT: get the Tax Wealth Not Work t-shirt https://shop.garyseconomics.org/ Chapters(00:00) Intro(02:43) Why Bezos wants lower tax(06:34) His real argument(09:12) How they distract you(12:51) They think you’re stupid(14:04) Tax wealth not work(16:59) “Everyone hates government”(21:45) Blaming politicians(23:50) The broader context(26:04) How billionaires are making you poorer(28:37) The 5 Whys(32:44) What progress have we made?
May 31
37 min
The economist billionaires fear: this is how we get a wealth tax. Meeting Gabriel Zucman
Gabriel Zucman is the most important economist in the world today. And the one billionaires fear most. His wealth tax proposals have passed France's lower chamber of parliament – and will likely be signed into law in the coming years. Here's his advice for how we can tax the super rich more in the UK and other countries.CHAPTERS(00:00) Intro(02:57) Who is Gabriel Zucman?(07:14) Why universities ignore inequality(14:05) What is the problem?(20:12) How we tax billionaires more(26:51) Gabriel’s billionaire tax in France(27:46) Learn from taxes in past(30:14) The current situation is radical(33:29) Wealth is concentrating at the top(39:07) How the UK can adopt this tax(46:02) Message to The Rest is Politics(50:12) Final message
May 24
52 min
This is the only way to stop the far right from taking power in your country
Parties like Reform have a clear message on why living standards are collapsing. And this is why they're growing. If you want to stop them you have to reverse falling living standards.Chapters(00:00) Intro(02:21) Falling living standards are driving this(07:38) What’s happening in the UK?(09:19) Left and Centre need to unite(15:41) This is the last chance(17:14) You need to act now(21:25) Learn to communicate(26:11) Do not look down on the public(31:52) Hatred will destroy us(35:00) Message to Reform supporters(38:57) Hope
May 17
41 min
Why do asset prices keep going up?
Global stock markets are at all time highs. Gold has doubled and silver tripled in the last two years alone. What's behind these moves? Shouldn't economic crises like Iran be pushing asset prices down? Is now a good time to invest?(00:00) Intro(01:34) Global asset prices(03:45) How 2008 crisis pushed prices up(09:00) Do interest rates matter?(10:24) What COVID did(13:00) WHY asset prices go up(18:27) Crises push up asset prices(20:18) How should YOU react?(23:07) A distribution crisis(27:49) Will asset prices KEEP going up?
May 10
28 min
Will elections this week bring down the Prime Minister?
Elections in the UK this week may change everything. With prediction markets saying Labour are facing wipeout, is Sir Keir Starmer about to resign? Who will take over? And what does that mean for the next general election? Gary sets out his predictions for the next week, year and 10 years in British politics. Help us get a lobbyist: join our Patreon or make a one-off donation.Chapters(00:00) Intro(02:47) Will Starmer go?(09:09) WHO you should vote for(10:22) Scotland and Wales(11:34) The next UK Prime Minister?(16:44) Best way to get wealth taxes(21:16) What I predict will happen (35:30) What you can do
May 3
37 min
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