The Plan Is To Make You Permanently Poorer | Aaron Meets Gary Stevenson 

They seem to enjoy the privilege of selecting the names that appear on a Ballot. Democracy appears to have been sold to the highest bidder a long time ago.

Yep, that hit hard. Reality check, the rentier class is screwing us over.

Your mother does value her house more than the amount of the proposal? She's not selling...

this is capitalism but no one is ready to give up the tit

@@uncletrashero We as a society need to be very careful how we deal with this problem over the next few years. The last thing we need is for disillusioned people to start listening to the marxists.

Yes do that

My only criticism is that they talk about the homeowners getting hurt by the rise interest rates to give the rich more money but not how covid, inflation and energy costs have hit small and medium businesses too who even less protected from energy price hikes than households are; all of us will suffer when only the corporate monopolies (who have been making record profits in that time) are left standing...

@The violinist Perhaps small businesses should be the next topic. Like the original poster I’ve stumbled across this and it has been such an eye opener. I have believed for a long time now the system is bust, but to have it explained in such a way that I understood it was amazing by this guy. We cannot go on like this, something has to change.

@@fiddledotgoth Small business is ***d every time there is a crisis. It's built into capitalism. Unfortunately in the past this is the group that has backed fascism hoping that low wages and crushed trade unions will save them. Will that happen again ?

Wow this interview is making me depressed 😔.

They will always find a way to evade taxes, won't they...

It’s almost like we have taxes, but we refuse to actually tax those with wealth..

@@D-X-rt5qdthen we rescind their right to do business in our country. I’m ready to have a nation that strong arms business owners, not the other way around. Humanity has created trillions in wealth and yet it hasn’t been seen by the majority.

@@EroticInferno Sure, do you think that this gives the initiative to other nations such as China? Meaning they will have more power on the global scale.

​@@D-X-rt5qdright, cause our current system of installing despots with CIA coups, and reverse taxing the rich, has stifled China so effectively? Maybe look at what's been done in relation to the outcome you're hoping for? Capitalism breeds widespread misery. We are literally taught to be misers to survive this economy.

Xi Xinping said this, himself - "houses are for living in, not for speculation". And something like 90% of their population owns their home. I think they're onto something there.

​@@borbo23 China has a huge housing market bubble with whole towns standing empty. Now in the Eastern Europe countries people usually own their homes.

@@borbo23 Good lord, please don't put me and that authoritarian psychopath in the same sentence. *shudders* His statement is just proof that a broken clock is right twice a day.

The real problem lies in that the vast majority want it to be both. You can get a very cheap and affordable home all over the world quite easily but people, especially younger people, have an obsession with living in the London, Sydney, New York or Paris type places because that's where property is an asset rather than just a home. Even more compounded that we in the younger generation feel entitled to live in the same area of these asset cities as where our parents spent 40 years to get to. If you buy in a smaller place your asset will barely move in value but it will be a perfectly adequate home.

@@lesbo37 the problem if you are working in London or New York, you have to live there, or you'd spend your life traveling to work and back.

He's part of the rich. He made his millions.

That's very naïve of you to say. Everyone benefits from the working class being more educated. We're all on this planet together and an educated man produces more in any given economy.

Bitcoin

Most of the "rich" actually don't think about the poor or middle class as much as people would like to think, they're dealing with their problems just like everybody else. That they're "scared" of a smart, educated working class is a myth people like to believe to make themselves feel better, because the majority of what we consider rich are self-made -- they came from a smart, educated poor/working class.

@@jacobmorris3295 That's also naive...if the masses were educated enough to understand how and why most of them are being screwed they'd figure out a way to organize and transcend capitalism....which capitalists most certainly do not want.

Seeing this typed out is the saddest, yet probably truest, thing I’ve seen all year 😢

Nobody answered Alice's Question at the Mad Hatters Party when she asked why they kept moving round to another free seat when one place setting was trashed.

Just before covid, I attended a public meeting called by our local council refuse dept. Intended to encourage us to recycle, it turned out to be an exercise in self-justification by the bone-idle director of that dept. He tried to play the environmental card, but pressure from the audience eventually forced him to admit that - despite separate bins and collections - 75% of everything collected still goes to landfill.

Along with the fact that everything depends on growth... in a pretty much finitely resourced system.

Well, few things last forever. "Sustainability" was nothing you had to care about before the industrial revolution, as there were not enough humans to cause meaningful amounts of damage, let alone permanently. Even in 1800, less than one billion people lived on earth! In 1900, there were only two billion people on earth. Today, we are approaching ten billion people! That is the real problem. Humans typically did not have to think about a larger span of time than a decade at most. Historically, burrying waste somewhere or throwing it on the trash-heap was a perfectly reasonable strategy. It does not work as well as it did since the numbers of humans multiplied by the factor of 10 and since we have esoteric things like plastics or plutonium.

In particular the distinction that you can’t just increase the deficit without parallel taxes on the wealthy.

UK culture boiled down is basically wealth disparity. I'm English.

War is a racquet Written in the 1930s by a highly decorated US General Always follow the money.... The media are big business owned by billionaires Their customers are big business too The middle class & working class public are Being robbed ,misled, used & abused

All Men are Created Equal..................Right?

​​@@danielhutchinson6604you may be fortunate. However this is a credit based economy and its not easy to get credit and the interest is outrageous. Let alone the ridiculous down payment

This is rare to see amongst the wealthy that have distanced them selves from their minds and their pockets. Empathy can not be bought but taught

It appears both you and the moral, brave student, should might be good at political speaking. Create a channel.

This was exactly my experience with a business management HND in the 1970s, they were force feeding us all neo-liberal economics which was quite obviously deeply flawed and to a political end. Now we can see where this brain washing; selling us market concepts that don't stack up, can lead. Eventually I couldn't stomach any more from the system and dropped out to campaign for worthwhile social change advancing Gay Liberation. I know which cause has brought the greatest improvement in the human condition.

What happened to her afterwards? She is extremely based.

Sounds a bit like my masters at Oxford

Finally arts students have their day!

But at the same time he doesn't understand crypto. If he believes that money is rubber-banding then how does he not get that a limited supply of coins or in case of tokens that have unlimited supply the constant supply based on predefined rules, is not a legit store of value? I understand he is opposed to the gambling aspect of trading crypto. Volatility can eat you up both ways and there are no complex instruments like a volatility index to hedge against big market moves, that makes this asset class somewhat more dangerous. I also think that more tangible assets like housing should be prioritized but if you actually take him by his word and see that all asset classes have risen after the pandemic () then what about crypto? Isn't it wise to invest in an asset class that seems to be largely unaffected from macroeconomics and world events?

@@dang7824 Crypto is worthless for more practical grounded reasons, in my opinion. The abstract concept was very appealing, but the reality is hamstrung by: incredibly low adoption rates, extremely high operating costs, extreme systemic inefficiency, high and variable transaction costs, unreliability, volatility of value, hoarding instincts superceding actual spending and use, obscure technological gatekeeping (the vast majority of people will never access or use crypto currencies due to this), and excessive competition further reducing adoption and stability (there are now so many CCs that settling on one to use for practical purposes is basically impossible for the wider markets). All of these practical hurdles to widespread adoption mean that CCs don't actually get used much and are only suitable to highly niche applications, which in the long run means they actually have little practical value - they're more akin to funbucks or an in-game currency, but for those niche applications. The list of applications is actually dwindling, too, as ordinary material businesses experiment with them and conclude that they aren't competitive or optimal in the real world. Every company that tries CCs and then bails on the idea further erodes any perception of real-world relevance, and I think what we're seeing now is basically a slow-motion death spiral for the entire CC concept.

The crypto industry is a glance at globalization, we know the current system is flawed, and I also know that the crypto space is evolving much faster, the talented people are in fact working on a new financial system. Fiat is dead.

@MinusMedley The supposed success of crypto is nowhere in evidence besides heavily illegal international activities like drugs and human trafficking. Based on the past few years we have no reason to assume it will ever be used by anyone other than criminals.

It should be obvious, though.

Why not simply abandon the Wealthy Folks use of Capital as a measure of Value?

Same in a lot of big cooperations. In the form of daft ideas that destroy the company then they leave and do it somewhere else. Madness.

Gary Stevenson mentioned the Russell Brand Newsnight interview he did with failed economist Evan Davis, and where Davis produced a graph in an attempt to discredit what Russell Brand's points he was making, and Russell was making the most excellent points about capitalism and why we need a revolution. Russell was correct to mention that he did not need to see a graph which had nothing in common with his lived experiences in dealing with the E15 mums, who were all facing eviction, and a protest and campaign to keep them in their homes. Russell was a real comrade with ordinary working people at that time, and has done several documentaries exposing what was going on behind the scenes in order to disenfranchise the working class. Also what Russell was saying that anyone from either side of politics can produce a graph in order to support their beliefs, just like anyone from either side of the political divide can produce an opinion poll to support their beliefs, and we all know, there are many ways in which opinion polls can be manipulated in order to support the narrative that the company, or political party want to put out to the public. I think it is time for us all to get rid of the use of opinion polls, because it is obvious we have many reasons to disbelieve them. I think this was a very impressive interview by Russell Brand, and his views are what are driving people to protest all across the country, and, in fact, it is Russell Brand who I credit as being the first public figure to point out the truth to people of what was going on behind the scenes in politics, and who revealed the close relationship between some Labour MPs, the Blairites and the Tories.

@@nicolakirton2252 It's a shame he's joined the "right-wing anti-vax opinions for clicks" grift.

Until we have a fairer voting system the political system will be controlled by big money.

I can second that! He's only been on Novara a couple of times but I really like Gary's straight-up, no BS approach...

Just what I was thinking

I disagree I think ,he articulates it well,Well enough for me to understand how economics is inequality...

I was thinking exactly the same thing.

his grasp on buying property is a little weird to say the least...well he does acknowledge that a LOT of people simply cannot afford to. my own opinion hes just a trader who lucked out and his economics is dodgy in places to say the least

@@danteshydratshirt2360 please elaborate

Yanis is a smart Man.

Yannis Varoufakis and Grace Blakely are two of my favorite 'economists' Gary just joined the trifecta for me. Every economy is doing the same out-of-touch and shady business. America is in the same sinking boat. We desperately need economic revolution yesterday!

There's nothing like doing a survey of society by spending an hour at a Walmart looking around at everything without judging it. At $1.25 is the average plastic jug of water for sale. Next to it is a special bottle for $4 and the only ingredient listed is Himalayan salt. As usual the chief selling feature on the label is clear: Alkalinizing The value of something is what culture determines it to be. Technically it's more difficult more refined and more pure to make white table sugar granulated than it is to make cocaine found on the street. A poor person in Afghanistan gets a few hundred bucks for a basketball size chunk of opium that will be worth hundreds of thousands of dollars after it leaves his country as heroin in Europe us and places like Australia. The pirates and royalty in Rich themselves this way at the expense of their victims and we're supposed to admire and aspire towards these kind.

I bought my own house last year in July. I'm still totally on board with house prices going down

Well yeah they can’t get a loan if the banks don’t think they’re going to get their money back. Once upon a time we were so ready to leave our parents house and we probably lived on a peace of land with our entire extended family and community. Now we just throw ourselves to the wind with debt. Even taking out a loan to buy a 200k house is debt. It’s money you don’t have. Most people shouldnt pay over 70k for property. Prob should stop pushing kids out at 18. Let them work and help with bills until they can afford their own.

It’s gotta crash at some point

@@Madasin_Paine As opposed to what? Define how socialism would be better than Capitalism. I'm sure the 2 million migrants we have been getting every year since 2020 and the 1 million every year since 1990 would love to hear it, since they fled socialist nations to come here.

Capitalism died in 1890. And after the failure of the soviet union Europe and the rest of the world adopted the fascists style of socialism witch is government control of the free market. Government corporate collusion

Theory vs. Practice. You can read all the business and economics books you want , but you have to apply and yield the results to empirically assimilate knowledge through firsthand experience.

Brilliant 😂

@@mandalahigherplanes9044 Using big words without explaining anything, nice. That's what the big dogs do in politics.

​@@mandalahigherplanes9044riddle me this. If you base your currency on a limited resource what is going to eventually happen?

Leaving aside the 15.9% interest rate for the moment, what was the house price to gross annual salary multiple back then, in your case?

@@matthewhook3375 At that time the building societies would only lend a maximum of 3.5 or in rare cases 4 times my salary and 1 times my wife’s but of course she was a housewife so I could only afford a cheap terraced house in a small town, 45min commute from the town I worked in. The house price was £13,500 and of course we had the stamp duty and conveyancing costs on top.

@@majkollalo preaching to the choir sir/ma'am. I notice he's not incline to answer my question... I'd far sooner be paying 15.9% interest on a house that cost 2x my salary than paying 6-7% on a house that costs fucking 10x salary. You are quite correct - it's totally fucked. There needs to be a massive programme of social housing construction, on the scale that was done in the post-war period. This runaway train has to be stopped.

@@matthewhook3375 I have operated Trains for several Years, this is not anything like a train, but it does have momentum. It can be derailed by the abandonment of Capital.

@@majkollalo As Empires struggle to overcome the Resources that sustain their treasuries, we notice that the Humans they were supposed to serve are the victims. Look at Ukraine, like a scrap of meat tossed to the Greed of Empires. The Vikings, Mongols, Persians, Turks, Greeks, Romans, Brits, French and Germans ravaged the area for many centuries between Baltic and Black Sea. The US Empire now attempts to attack the Russian empire, just as all the other scion of the Romans appear to do. The US economy is the victim as the arrogant thought that a powerful nation can take as they desire from any source they see. The Empire is dying, what shall remain? Can we abandon Capitalism now?

This guys a legend, one moment he sounds like any random bloke off the street

well yeah ur saying obvious stuff, have you ever heard of 'thinking like an economist'? Economists have to go off assumptions and is therefore a social science not natural.

Got to have faith in gold oil and drugs

​@@tby1431 "Social science" isn't scientific either.

thats my point@@wilhelmvonn9619

The precursor to economics is philosophy. Your early economists were philosophers.

Why not? The powerfull can manipulate the perspective on reality with their media.That happens in so called socialist and so called capitalist systems.

Because we are at the very end of the cycle and in order to make a qualitative transfer to a new cycle we have to develop a new model (in my opinion both economical and social). And by that time it will be not easy for us.

@@vasyav92 I welcome it with open arms if it means my children can enjoy the next golden age.

I remember Econ 101 I asked prof to confirm or deny that actually the natural world -land material labor- is the source underlying all the wealth tracked in macroecon tables and charts and he said ‘no, value comes from marginal increase in utility from creative ppl applying their creativity to the raw material’ and it was just so obviously bullshit I couldn’t figure what to do with that except leave. Check out Alf hornborg The Power of the Machine or whatever he’s writing now to turn the whole thing on its head, something I found later

​@@vasyav92'The cycle' is also just a model from the past....

Nature can consume a lot of the Off Grid Homes in Western USA. The things that Humans can contribute to Society, are not measured by Capital.

I wanted to do same found land under 10k was afraid government would remove my caravan. The land is obviously not actually yours. One’s with planning run into hundreds thousands to millions . How you do it bud?

Vote out the anti-denocracy conservatives

@@smileyp4535 if you really believe that Labour would be any different you're delusional and part of the problem

Tell em to watch ZEITGEIST

@@Google_Does_Evil_Now oh you'll definitely know all there is to know bout our system and how it'd be easily fixed

Good idea about contacting MPs and arranging a chat after they've seen it.

Surely this just depends on what you're studying. My field is completely unrelated to economics so of course I don't know much economics.

@@pinklemonade8320 That's probably fair - my field is closely tied to economics though. We learn about how economics affects policy and vice versa, what wealth gaps do and how to interpret them. Lots of social stats. But it's wading through dense theory. Academics will tend to use long words when short ones would do!

@BillyFreethought I think to be honest it's because the economics I've learnt are all separated from real people. It's all policy, markets, cause and effect. Not much about what happens on the ground...!

@@vis7139 Here's some short words that those in power ought to really take to heart, - "People can only be pushed so far" and "we still know where the pitch forks are".

That says a lot about your actual education then.

I own a library that definitely costs more than your chain

Akala is sick, good taste.

People we like like things we like. Liked.

Consider that if we didn't live in the age of the internet we most likely would never have even been privy to this.

30% of American Millennials now identify as "Communist." A storm is coming. Eat the Rich.

The reward of investing oneself into one's career deeply is to learn all about it from light to dark. I've always been receptive to people tell me what they think deeply about their work. It doesn't not only is this about humanizing but it shows the interrelatedness and out of at least self-preservation and often likely more virtuous aspirations we find camaraderie and shared purpose and this is felt it needs to be controlled absolutely. It takes arrogant educated people with computers to actually think they can outsmart millions of years of evolution will and purpose while seeing themselves outside of it. When people realize how wrong they were things like shame and contempt isolate people and it's by opening up about what we do and who we are that we save all of us. If the last 3 years teach us anything is that exaggerating the annual pandemic is enough to railroad everything that matters economically. And if people think that most of what they have coincides with those economics there are essentially entrained entrapped and enslaved by it. When when people talk about something and get it right they're past the halfway point in solving the problem together and dissenting opinions from polar ends are like seasoning and enrich the odds when they are included in the balance. To take the long tails of society and label them as having disorders and drugging them and treating them differently is akin to being a disease itself and this is a great epidemic world. Where is all the successful news that empowers people especially when learned after bitter national experiences‽ If the repetitive take-home message is to buy their product and to do what they tell you and await them and not actually how you can empower yourself as billions of others have recently and you know public service has failed you. Corporate service shares more than half the blame. And the common public the rest. The worthwhile solutions that are peaceful and successful are obvious.

It has been a pleasure listening to him. Most of his former colleagues will keep this to themselves an instead try to make it sound as if it is the other people who are not working hard enough or who are not smart enough. I am an electronics engineer ,senior level and I can not afford a house. I go to view houses and I see taattered ,dirty places and then the price on them and I start to wonder what is going on? I am asking myself, if I can not afford a house as an engineer with what passes for middleclass salary, what is going to happen to teachers, diner ladies, school janitors, checkout staffs at super markets,etc? It scares the hell out of me.

Since the crash, I've been in the red. I’m playing the long term game, so I'm not too worried but Jim Cramer mentioned there are still a lot of great opportunities, though stocks has been down a lot. I also heard news of a guy that made $250k from about $110k since the crash and I would really look to know how to go about this.

There are actually a lot of ways to make high yields in a crisis, but such trades are best done under the supervision of Financial advisor.

Thats true, I've been getting assisted by a FA for almost a year now, I started out with less than $200K and I'm just $19,000 short of half a million in profit.

Impressive can you share more info?

When ‘Carol Vivian Constable’ is trading, there's no nonsense and no excuses. She wins the trade and you win. Take the loss, I promise she'll take one with you.

Ewe huemans should be aware that ewe are as such for allowing it...that system is not needed.....

Meanwhile the poor vote Conservative! The manipulation is deeper than most people realise. The lack of depth in discussion about economics just annoys the heck of me. Also the co-opting of Labour into the mess. Technocratic and no depth.

There is a reason he says throw out our textbook if your want to learn Economics. It is fake maths surrounded by manipulation.

@@deborahcurtis1385 Except it's a uniparty really, if you vote the other side, you'll get a different flavor of fuckery, because ultimately, all parties work for to the ultra rich, that's the catch

@@deborahcurtis1385 A lack of Money does not equal a lack of knowledge. Your generalizations may seem accurate, but the exceptions can shake the foundations.

Wait, tv?! Why would the owners of media let a truth-teller on?!

@@theresabarzee1463yeah, they don't want to scare the sheep.

As Empires lose the power to exploit, the costs increase. The end of Empires is never dignified.

Wasnt the USA going through the same thing long time ago? I am thinking van life for many not by choice?

@@colinl5985 In 1967 the USA was so short on Cash, the War on Poverty was cancelled. Mike Mansfield was forced to inform His Predecessor, that appropriation's were unavailable by Congress, due to a high level of spending to insure the Brown Bros of Houston got paid for contractor work in Military Infrastructure projects in Southeast Asia. The Brown Bros did finance a serious amount of LBJ's political carieer. Paybacks appear to be required in American Electoral Industry society..... Now the NATO Guys appear to be incapable of finding Ammo to send to Kyiv. The appearance of suspicious activity that indicates the presence of corruption, now seems evident as the Audits once again point to missing Trillions of funds in the Pentagon Books..... Economic War is Hell.

Right? I feel the same

@bina nocht same

I don't think that's what Gary Stevenson wants you to feel. I think he wants you to feel empowered. Because a lot of his main points here are not super-technical or incredibly complex. And he explains the unusual journey that he went on that led him to this level of understanding. Listen to his call to action.

Can you make your content accessible by formatting the auto captioning into closed captioning? It is extremely hard to enjoy your content having to keep concentration on the auto captioning and not be able to see your content properly sadly, it’s also why most of us don’t subscribed.

Exactly.

Harvey Specter stuff

You are willing become my wife?!

TAXES COF COF, the problem is that the system is centralized, central banks print money to give to the corporations in order to, "invest in tecnology" Capitalism is the default mode of humanity, its freedom to trade with each other. You are poorer because the gov wants you poor, not the "rich"

How is the air cleaner now that an investment banker is able to fleece regular folks just by riding hard on an accent?

OR - MAYBE if you start with a pie of 10 slices, & piss 9 of 10 slices up the wall in 100 years to accumulate wealth, we shall run out of pie?? The planet is the pie. The economy is a self-destruct system. But I get that you need some rich white guy to swagger these words to you to enable their validity.

this isn't the problem. it's just the tip of the iceberg. the decoupling of the financial economy from the real economy due to central bank policy is the root cause. read Michael Hudson

Rich people's kids don't have jobs: they own your buildings and collect your rent, they own stakes in companies and expect returns without any real value put in.

The world is a "mess" because of greed.. Did we forget???????? "power corrupts, Absolute power, corrupts absolutely" period..

It's been this way for millennia

But doesn't smashing the system that gave you that opportunity to flourish seem ironic? Whats the alternative? Everyone is entirely equal irrespective of their desires, their drive to succeed or their intellectual capcities to help in improving mankinds lot? "Men not having the same capabilities, if they are free, they will not be equal, and if they are equal, then they are not free." Sounds a lot like cheering on your own ensalvement and eventual premature demise. At least the eventual schadenfreude should make it all worthwhile.

@@blueanodized I'm not proposing to "smash" any systems my friend; I simply made a point about the lack of equal opportunities. My opportunity to flourish as you say arose because I'd previously served in an elite branch of the armed forces (now that WAS a meritocracy) and city law firms like that sort of thing. That alone highlights the issue. Without that I wouldn't have had a look in yet it was a job that I took to and could do standing on my head; it really wasn't that difficult and I can think of plenty of people from a similar background to me that would have done it better. My reference to a bullshit job refers to the David Graeber essay/book. It was a job where you could survive, and maybe flourish, by playing the system and saying the right things - a bit like Gary's view (and mine) of most academic economists. No real consequences for getting things wrong. Thanks for taking time to read my comment and to offer your own thoughts. I have no proposals for utopia; I simply believe in a fairer society.

@@blueanodized Google Reductio ad absurdum.

​@@blueanodized you have it backwards. The system which elevates us(those few who are elevated) is what will doom us. The need for increasing growth with increasing efficiency demands and continuously increasing population or increasingly brutal exploitation of labor and probably both. Anything else and capital accumulation slows down and the system will fight that like you fight to breathe. We get to have it good and those that don't are the threat if we step out of line even as we are ground harder and harder each year. There is nothing ironic about knowing the difference between comfort and security. What does it mean to be free in that quote? To buy a yacht while others can't even afford an apartment with their own toilet. Silly poets and economists should work real jobs and see how free their actual skill makes them.

@@blueanodized Yes, smash the system, it’s dogshit and it isn’t working and it’s very clear to anyone that can understand the world

No, we do not all reside in the same world. Not all ll.

​@@playriter3535You aren't rich!

Why were you that sheltered? Did you used to read at all growing up?

@@penderyn8794 I'm not sure what you mean

Absolutely 💯

Same. This cannot just stay here.

Agreed.

"Truth spat" You need to drop that sort of language if you want to make money

👍

I find a lot of more recently arrived immigrants don't really understand just how bad life has almost always been for the working class in Europe. It's always been a feudal system and still is. I recommend reading "The Ragged Trousered Philanthropists" , "The Road to Wigan Pier" and "The Condition of the Working Class in England" to gain more insight into what life was like for the 99% in the UK. Some, but not all, immigrants do not appreciate that the society we have today, with workers rights and the NHS and pensions, not to mention universal suffrage, were only gained by a ferocious struggle by the native working class against the aristocracy and the industrialists. We are rapidly back sliding to becoming the sweatshop of the world, with appalling living conditions and no health care.

who stated we had equality? who would want equality? why is equality good? what do you even mean by equality? equality is bs

@@James_36 -- Equality doesn't mean everyone having the same amount of money and property. Equality means everyone having a guaranteed living wage and access to the most basic necessities of life. If you think that is "BS", I've nothing more to say to you.

@@leftykeys6944 it is BS, because you are factually wrong, even other left wing ideologues will tell you how wrong you are

The trifecta of the plutocracy is interest inflation and taxes to insidiously acquire all the creative wealth and perceived wealth possible exponentially well while the victims forget and the perpetrators build upon their knowledge. Look at the value of the data mind by the Black rocks and Google's of the world. See how they and real estate developer types benefited so much from the tax cuts anticipating a huge wealth transfer rather than changing the tax laws to compensate and to keep things more equal and meritocratic rather than reward greed and punish virtue.

Why do you keep sending me strange comments!

I agree with Yanis Varoufakis because all shops and other economic outlets are moving their bricks and mortar online now. That is why there are virtually no shops on the High Street now.

Message is the same regardless of the specifics . Do you wait until the cupboards are completely empty or mere days before ? Sooner or later it will be time to eat .

Why is it their job to make anything better?

@@stuartfury3390 because they have all the power and are hoarding more and more of it for themselves? i mean, duh? how do you expect powerless people to make things better without taking some of that power back? do you have any comprehension of just how bad inequality has gotten? If you don't want the responsibility that comes with controlling 90% of the wealth on the planet, maybe you should give up some of that wealth... Or there will inevitably be some form of revolution and the wealth/power will be taken back. History repeats.

@@powerbeard5653 What country do you live in?

It’s not that they haven’t noticed. The TORY party have done this by design, to transfer wealth from the working population to the already wealthy.

@AcidOllie I think they do notice. They just don’t care.

Yes, that is exactly what life is: a combination of Monopoly and Risk. Financial power and military power. The laws of the land are the rule book which tell you how to play the game. Those laws tell you where to live to avoid tax, which businesses to invest in and get Government grants etc. The rules are very specific. They tell you which industries pay decent wages, they tell you you need to be married before you have kids, they tell you exactly how to win the game. Some read the rules and play the game as it's intended, others want to play a different game, even though there is no other game to play.

You moved to Oz? The developed world everywhere is the same.

@@monkmodemalik8225 No not Australia. The country I moved to has one of the lowest crime rates on the planet. In my town the crime was so low they reduced the police station to 3 days a week. 3 years later it was closed down completely because the police had nothing to do. We have first class health care which is free, the lowest wage is £18 per hour with most jobs finishing at 3pm. Everyone has 8 weeks paid holiday and a good pension. The elderly are treated like first class citizens with the care homes like palaces. The nurses who work at the care homes are among the highest paid jobs and are highly respected. The elderly are seen as; if it were not for them we would not be here so they deserve t be treated well in their later years. The sick and the disabled have the best care I have ever seen. All the public transport runs efficiently and some of them loo brand new even after 20 years of use. I could go on but I think I made my point. Sorry, but it is not the same everywhere.

@@adamatherton8562 I'd like to ask what country you emigrated to? as I have been trying for years to get out of the UK as I could see this coming.

@@betterlivingprosperity7927 Probably Suisse or Norway/Nordic’s going by the description.

@@adamatherton8562 You've moved to a richer country. Kind of undermining your point

Thank you, you are the real MVP 🙏

Ł

economics ARE a ponzi scheme.

you are the backbone of the society. thank you.

Thank you.

So true!

The new Labour Party took over from the wig part in the 19 century The wig Partie was the free market Party (capitalist) main voter was worker and employees.Labour crush the wigs and became a socialist Party (misdirection) then divided worker and industrialist and the free market died. The tories was always against the free market because they were all aristocratic

Cuts through the nonsense and explains the effects it really has.

Binged it today 😂

What's his channel called? His name? Can't currently look as watching.

Garyseconomics

@@annamann1425 Thanks!

I studied Econ before they adopted Fiat Dollars in 1971. The end appeared to begin as that change in economic theory was accepted.

Yes. This. Same.

Perhaps hyperfocus.

Sorry but this guy remains a capitalist at heart and is therefore part of the problem not the solution. I'm autistic and only managed 25 minutes owing to this realisation.

@@Antraeus Yes, but the fact remains that this is the society we live in. Until that changes, which I'm all for, we should at least be doing a much better job of it than we currently are

@@_Raven_ Lord what hope is there? We are slaves and we should be extricating our minds from the Satanic Machine!

Neither idea makes sense. 1. The rich will just leave to more civilized climes like Eastern Europe and Dubai where the Government doesn't steal your money. Already happening, so that old, antiquated and asinine idea is out of the window. All it does it chase away the few people actually paying all the tax and subsidising everyone. 2. Money to pay people comes from money received via business. How exactly can UK businesses increase their profits at such a rate that they can afford to pay much higher wages in a globalised economy where most people are poorer that the average UK citizen, and in a country with mass immigration which drives wages down?

⁠​⁠@@scartissuefilms The ultimate flaw within the system is its goal. Constant growth. Society is now organised around this goal. Second thing i've noticed that unemployment, recession, high interest rates, slow wage increase is a deliberate part of the system and what keeps it turning its gears. Without these small "flaws" the system would collapse. I can't articulate myself better this late into the night but yeah you had an interesting comment

@@shueibdahir The end of Empires always appears to have a lot of crabby old Farts like Victor Davis Hanson complaining about the filthy Poor. the British did it, the Romans most certainly bitched. Now we see the USA Empire disintegrate. This Empire seems just like the others.

None of this can work without the majority of people changing their value system, without that the greedy people will just flee and call it "theft". Unfortunately I think bad things need to happen to a lot of people (including rich people) in order for things to change.

​​@@scartissuefilmsCapital flight, just like the trickle down effect, has been largely proven to be a myth. _Place_ still matters to the super rich. Plenty of good studies on this, in reputable, peer reviewed, academic journals. Take a look at them.

Net is

I expect he knows, but it is remarkable how unusual it is to hear "experts" point out money is actually worth shit.

I don't think he unwittingly does anything

You think he hasn't read marx ? I think most people in economics have at least glanced at his works same with engels

It used to be called Serfdom

BBC is a scam

I unfortunately don't think they're stupid &/or naive, I unfortunately think most are complicit.

@@sregan5415 absolutely, they’re paid and otherwise compensated for spinning fictitious financial orthodoxy

Or?! Too rich...?

@@sregan5415 Good point, although the duly elected member for North Cornwall definitely fits my descriptor more appropriately.

grew up in council estates thinking i would only ever get a job in a factory or a call center, thank fuck i never grew up poor in east london thinking i would be a banker, getting kicked out of school for drugs then get accepted into the london school of economics, only to be an investment banker, truly speaks to the underclass of england.