One of the most powerful and meaningful interviews. Gary is a force and James O’Brien needs to have him on his radio show every time there’s a budget, every time there’s news on economy, and every time a Government makes decisions on wealth and Tax. We all need Gary’s voice heard.
That sounds like a great idea. All those people that the BBC etc interviews after budgets and economic crises always look as though they live in a very wealthy background and Gary comes from the sort of area and income that many people do.
@@juliewake4585 The way he describes being in the trading floor with a bunch of millionaires and learning if you want to learn about the economy, go out there and ask normal people about it... makes total sense.
His book’s well worth a read. Hope he eventually goes into politics and goes a step nearer to fixing the economy. Can’t see anyone else even remotely willing to do this. It’s dog eat dog in the political world for fame and fortune. Gary’s had both so would be an excellent leader or, at the very least, a thought provoker. I look forward to following his life stories.
Professor of macroeconomics William Mitchell (Bill) is one of the world's leading hexerodox economists. He has been writing about this for years. He warned about the 2008 GFC and many more, he has always been right. He is warning again just like Gary. The problem for decades has been group think concerning neoliberel policies that have shaped our economy. Reclaiming the State is an excellent book that I would recommend both for students of economics and the general public for further understanding in this field. It's purposely written for the ease of general understanding. (no mathematical skills are required, it's more like a story of how we got here and how to change for the better.) A great accompanying book for Garys. The history would help traders to understand the whole economy and it's complete structure. I would recommended both.
Totally, it is the framework that government policy is applied to globally. It shows all possibilities with in that framework, like there is no need for unemployment, there is no need for austerity. It's great that Gary has provided a platform were economic truth is not removed. @@HistoritorJimaldus
The problem is if a politician ever manages to break through and try to reverse inequality (most recently Corbyn) public school boys in the media like O'Brien do everything in their power to stop it happening. Hypocrisy of James nodding along here is maddening
@@lenwilkinson672yes. “A conversation between a journalist or radio or television presenter and a person of interest, used as the basis of a broadcast or publication…” In what way does this not meet that definition?
@@perrymason866 I am guessing he would like to see more searching questions. JoB doesn't have the intellect to challenge anything Gary says. For example: 6:04 "We know the government makes a loss here".... which underpins his assumption the rich must have made a profit. But by his own description, the government printed the money via the BoE and made no loss. The loss was to anyone that held cash as the value of the cash was reduced by the subsequent inflation caused..... its not the poor who have large cash saving btw. 8:34 Enormous increase in house prices down to inequality....... but house prices keep rising purely because of a mismatch between supply and demand. We haven't built enough houses to keep up with the massively increasing population. FYI Around 65% of people own their own home. Then there is the bit where he is saying luxury goods were the only ones shut down...... but people couldn't go to their local pub, go to the cinema, watch sport etc..... it's just not true that the effect of lockdown was to shut down only luxury goods. It shut down anything that involved physical/social interaction. Yes, we need less inequality. But the real problem is every growing government. Government is captured by the rich and powerful. The rules of markets and laws are written in their favour for their benefit. We don't live in a capitalist system with true competition anymore. That's your real problem. And yet the public are demanding bigger and bigger government because they think it will protect them, govt doesn't work for the people. If you read this far well done :)
if we had Gary Stevenson for any of our journalists, you know, just some guy that can actually stop and look at it all and go "hey, wait a minute", media might have done literally anything about this, at any time, any of the many times it had millions of opportunities over the last 10 years. Instead I remember them talking up about benefit cheats, justifying austerity extremism, quoting politicians going "got to have a strongeconomeh", bullying striking doctors, nurses, teachers, pulling the confused wince face at anyone that wanted to vote out the Tories, platforming pavlov's dogwhistle, only to then rhetorically ask people, who don't have platform to give to dogwhistles, why is it that they salivate, every time the dogwhistle whistle gets blown - which, if they checked what their trade is up to, any week, every week of the year, all year, every year, at any time over the last few decades, they'd have noticed how often it gets blown. But, "what I can't understand, is -and I hope you can help fill me in on this, is how can you, (just some member of the public with an opinion); *how can you say that?*", saith the platform, as-if it doesn't know.
Easily one of the best (possibly even *the* best) episodes of Full Disclosure I've listened to - and I've listened to a lot. What Stevensn has is *insight* - he's got the ability to see something and explain it so it becomes obvious to other people. An incredibly rare ability. Thank you so much for this interview.
What an amazing man Gary is. Not a fan of James O 'Brien but you conducted this interview so well. You should do more of these .. I feel Gary's pain he is still so vulnerable . I wish all the best for him. ...
Martin Lewis is great but I wouldn’t put them in the same category. Martin teaches how to “survive” the rat race, while Gary has actual world changing solutions.
What a lovely lad. He’s laying himself bare. He really cares about society. We need him and more like him, who have clout and will speak out against the social injustices that are growing.
Best interview I have listened to on you tube. The interviewer was not afraid to ask hard questions and the down to earth fellow was brave enough to answer them. Honesty and integrity. A1
I’ve been following Gary for quite some time, and it is refreshing to hear a refined definition of what we all suspect to be the reasons behind our declining living standards. He is relaying a simple and compelling message to anyone who has the sense to listen, that is, that unless we end the overbearing burden of wealth inequality, our children and grandchildren will continue to experience ever worsening standard of living. However, each time I listen to him I’m filled with despair, because I understand that none of the people who could actually bring about a change in direction are paying any heed to what he presents as the patently obvious. Even Labour, a party born from the desire to create a more equitable society, cannot bring itself to detach from the pervasive scourge of Thatcherite neoliberalism, and stem the flow of wealth from the masses to the engorged few. I will trudge into the polling booths this year in a bid to oust a Tory party in its death spiral, but there will be be not an ounce of hope going into that x against any candidate that can rid us of our Tory MP. The next Labour government will merely better manage the decline that we will continue to endure until the world comes to its senses and listens to the likes of Gary Stevenson and acts upon his sensible and practical suggestions.
Mrs Thatcher was never neoliberalist, neither was she a scourge. She believed in peace and freedom, prosperity for those who earn it, family values and a small government . We need her back.
@@stuartbritton4811 she was instrumental in unleashing the hands-off deregulation of the financial sectors, which ultimately led to the banking crash of 2007/8. She is not coming back, due to the fact that she is long dead. We continue to deal with her ongoing legacy of the impoverishment of the middle and working classes, while a select few take an ever larger share of the stagnant and often shrinking national cake.
I am one of those people who begged you to interview Gary after listening to him for the last year and a half. I knew you would really enjoy talking to him. 😊 You're welcome.
@@JamalBrown-k1x I could answer that for you - that's what taxes are for. When the government promises to cut taxes to appease voters, what it's actually doing is cutting its own budget, therefore offering to make your public services and public sector departments actively worse. And people vote for this because they think 20p in their pocket a week is worth losing bus and hospital services. Maths GCSEs are obviously not forthcoming
@@JamalBrown-k1xit prints money.. problem is that it doesn't continue to circulate and it instead is rather stockpiled by the uber wealthy.. and accruing interest all the while.
@@JamalBrown-k1x Taxes, but the rich that benefit from the lack of government funds wouldn’t tax themselves or their friends. So they will find ways to make more cuts and tax the lower classes. But they can only get so much out of us before either the bubble bursts, or social uprising. They’re playing a dicey game, and there’s only one generation left in it before something severe happens.
Simply amazing!! I heard Gary Stevenson before and I love how clearly and openly he speaks. I can imagine it's difficult to confront yourself like that! Much love, Gary!
James: As an American who listens to you live almost daily, I want to thank you for your work and especially for interviews such as this. LBC is my portal to the world away from the mainstream US media and you and your colleagues are simply brilliant. Gary: I'm 62 years old, studied finance in university, worked in banking, and have spent the last three decades of my life trying to make sense of this world; these sixty-three minutes have just made everything crystal clear. I am now a follower and believer! Can't wait to read your new book (and also hear it in your own voice.) Bravo!
Hope you enjoyed his book as much as I..if only the American and British middle classes had been introduced to these principles in grammar school, the world be a better place right now. 😊
First if all i get a vibe he does this for personal gain, second what is inequality even ? Nobody is entitled to anything, 50% tax is already super criminal what else did you want
@@BambotbWhat 50% tax are you referring to? Top income tax rate in the uk is 45% for £150k and over. Income taxes don't do much for inequality anyway, it's the accumulated wealth we need to address.
he gets what? I dont see him helping the poor, I see him helping himself by peddling his phoney book onto people poorer than him, some care that. Are people better off financially buying his book or are they now poorer? so he is the largest hypocrite known to man
@@matthewwatt2295 what is inequality even ? how about we apply inequality in school everyone get an A then :D the best student have to give grades to the less privileged students :D also how about passport inequality africa should have same passport power as the UK :D
@@James_36 he is a liar he said in one video he made 11 millions off japan eartquake then in another 6 hahaha clearly an evil pos in it for himself, you can never trust anyone who lies about such things
Best interview i have seen on UT for a long time, Mr Stevenson he was to run in UK Elections I think he should because he is the only one that could make a change.
Gary is probably one of the most important people of our age. Everyone needs to listen to what he has to say, particularly those on the left of politics who could be in a position to make change happen.
This video crosses all borders and boundaries, it affects us all and should be shown across all professions, schools and universities including LSE. I’ve always wondered how the finance industry is allowed to create products that are essentially worthless, wrap them in shiny wrappers and people who are managing real money like pensions buy them without any investigation as what they’re buying, ie just taking a shiny triple A wrapper or similar as sufficient to proceed. There’s more due diligence in buying a used car where at least it checked over for rust etc. But on the subject of shiny wrappers hiding junk within, we can expand this out to the food, pharma, defense and political industries…. Thank you for sharing.
"In this culture we give to young people especially young men but not just young men that tells them "You are the money you make" and if you don't make money you're a failure, and if you make money you're great, and simultaneously gives them virtually no realistic chance of making money, you are kind of training a psychopathy into these guys because you put them in an impossible situation." To me the most profound statement in the interview that Gary has said.
I loved these, but for me it was also "if they had won they would stop" when referring to the motivations of the rich... Wow that's so true about the mentality of these people. At that moment I realized that much like Gary was at his lowest, they are mentally ill. I don't mean that in a disparaging way, I think they literally have emotional deficiencies that require treatment... Yet we've idolized them and put them in charge of everything instead. 😮
It isn't culture, it's biology. Women desire status so they pick men with higher status. Money, fame and power are the key status indicators so young men will chase those things. Money is the easiest of the three to get so young men become obsessed with money. Gary is very intelligent but his understanding of the world is one dimensional. Also, every economist I have ever spoken to is obsessed with distributions. Don't put people on a pedestal just because they are gifted and say things you like. He is another finance bro collecting a cult following because he is certain he is smarter than everyone else.
@@SurmaSampo "Gary's view of the world is very one dimensional" immediately following "It isn't culture, it's biology", probably one of the most one dimensional views of the world 😂 Make it make sense!
@@DrPhoerrets If it replicates across cultures it is biology dude. It is also backed up by evolutionary psychology. If you think biology is unidimensional you might need to go back to school dude.
There he is, an extremely intelligent young English guy who openly declares how he benefitted massively from his closeness to immigrants. Some idiots won't even have them as neighbors
@christopherdresser8061 and yet with an aging population, living longer, we literally won't have enough tax payers to be able to pay for retirees pensions or have enough health care workers to look after them without immigration. Where are your figures to prove there's too many people for the amount of jobs available? If that's true, in an aging population, then there's something fundamentally wrong with the economy and it probably has something to do with what Gary's saying about wealth and assets increasingly being concentrated up, in fewer hands, stifling growth
@christopherdresser8061over 250,000 adult social care positions available right this second, through out the UK. I’ve been a recruitment manager in 3 sectors and “30 applicants per job” was rarely the case and, when it was, 20+ of those applicants would not be adequately qualified to do the job.
I just wanted to say. THIS is what Jeremy Corbyn was advocating. Tax the super-rich more to address the wealth inequality. But he got destroyed by the label of anti-semitism and behind that were the media. Would you rather be like the USA or Norway?
Not that O'Brien would ever credit Corbyn. He got what he wanted when Corbyn was defeated in 2019. Despite his complaints, the value system of the likes of O'Brien prefers Tory rule rather than anything like democratic socialism.
USA and Norway extract huge amounts of hydrocarbons. It was the left that demanded during Covid that everyone stays at home dependent on government subsidies.
@@michaelrch . I wonder if his views could be changed from his conversations with people like Bernie and Gary? After all, he is the product of his environment...as are we all. Rather than just blaming O'Brien for his opinions, it may be better to explain where his blind spots are, and how changes could be made which would create a better society. Listening to his radio show, it appears that he would welcome a more equitable distribution of wealth, if only to improve the lives of more people. The most successful societies are those where wealth inequality is the lowest.
@@curmudgeon1933 no, these people never change. They are big and bold and radical when there is zero chance of any change (like now), yet when the establishment is not entirely safe and there is a risk of it being challenged then they suddenly full fully behind the establishment to destroy the threat.
One of the reasons JC was defeated so badly - even though if only a few thousand people had voted Lab things would have been very different, is that even seeing JC as fundamentally right, there was always something that didn't feel quite right with him, media bashing apart. BJ was the opposite. He knows how to use the media for his profit, and he did. All his mandate was pure propaganda and posturing for self-serving only goals.
Followed both of these guys and am so pleased they’re sharing a platform. Gary knows the nuts and bolts of why & how we’re being ripped off.. Hope Keir’s lot are listening with a notebook.
Gary criticise and want to “tax the rich”, but he don’t get into specifics how it should be done. The problem is that “taxing the rich” will not solve any problem whatsoever. Even if you get in some more tax in the beginning you will soon run out of rich people to tax and you are back at square one. You NEED rich people to invest.
I kinda wish Gary wouldn't swear so much on other shows (this one was fine, btw!) I'm not offended by it (I'm working class and swear lots too, so don't think I'm a pearl-clutcher), but sometimes it's to the point where it's distracting and detracts from his message. A few f-bombs thrown in to emphasise important points is a nice bit of punctuation, but you can't do that when you say it every 3 seconds.
Gary is the smartest guy ive ever met, but it always his humour and infectious laugh that I always remember. Hes the biggest brain and biggest heart in Britain.... keep it up bro youre smashing it...
Awesome! So glad this interview happened. I'm a big fan of Gary's because he talks sense and he has an honest heart. it's great to see him being recognised. That was quite emotional at times.
It has been a pleasure to listen to the conversations between a talented journalist and a skilled interviewer. It reminds me of the Brian Walden interviews from the 70s and 80s, where prominent figures such as politicians and educators would sit down with the former MP for about an hour on a Sunday morning. He would ask probing questions about the current issues of the day and allow them the opportunity to speak at length. It's great to be able to listen to two people having a conversation, with one explaining their viewpoint and the other skillfully extracting information as a journalist out of the interviewer.
and by the way, I am sorry to break some terrible news: the world is not as we would like it to be, or as it "should" be. that's why religions promise heaven and people believe in such superstitions. there is a human drive toward belief in utopia, and socialism is a perfect example of this. socialism replaced christianity in the west. now after 200 years it is easy to see it is just one more myth, not based on truth and reality
Housing should be a human right and systems , education should be built around this , Instead of politics being about the distribution of suffering as it is at this time
@@jakefarronmerlin7963 he understands the economy better than 99.9% of people... he is exceptionally intelligent (i.e. a genius). You speak as if he's some half-assed door jockey for a nightclub.
What a refreshing change! Two clearly intelligent people, quite happy to talk and listen. The subject matters important of course, but the way it's discussed should be an example shown to others who pupport to have open, long form talks. Love it. Well done gents
Absolutely fascinating conversation and totally get and understand the message. Just very very sad that as soon as the video finished it was followed by an advert for Assets for Life - how to buy more and more property!! Who chooses where these adverts go?? A GREAT VIDEO, WELL DONE GARY FOR CHOOSING TO SPREAD THE WORD 👏🏻👏🏻👏🏻
Excellent interview. Bought the book. Read it. Powerful, shocking, gut-wrenching and mesmeringing turn. Anyone hwo has ever worked in the banking sector from 2008-2014 should read this. And if you weren't, you should read it anyway.
This is a really great interview. James O'B asking great questions to get the best out of Gary and his insights and personal story. I've been watching and following both of these guys since covid times and I'm truly delighted to see them both together at last.
James’s relatability to Gary’s upbringing added an extra dimension to this interview. Much respect to Gary for sharing his personal battles in a sincere and powerful way. Truly inspiring
Thanks for having Gary on. I'm American and had never heard of him before so I appreciate the introduction. That was weird to hear about LSE and many Brits not knowing about it.. I'm just a regular middle-class guy and I've known since I was much younger that the London School of Economics was basically the British version of something like Wharton Business School over here in terms of it being a ticket to any high paying job in finance / business etc.
1. The Finance Industry is more embedded in American society than in British society. For much of our history, most working class people didn't even have a bank account, until relatively recently. So likewise, investing was something rich people did. 2. Most ordinary British people aren't even aware of the LSE, unless they are exposed to economic ideas. So, many wouldn't even consider it as an option. And Class is still behind a lot of the social inequality here. Middle class kids have the network knowledge that supplies such information. Working class kids are being segregated, and unless Mum and Dad have it, or if they're lucky to get someone who wants to foster their talent, they're ending up stuck at the bottom. 3. I found out about the LSE because my only outlet was education, and I have clung to that most of my life. But being born poor of illiterate parents, and, as I have discovered, neurodivergent, I can honestly say that the Education system in the UK is more akin to The Sorting Hat in Harry Potter now, than an arena to foster individual talents. I had to motivate myself to do that, because opportunity is often implicitly and explicitly rationed. And our culture is schizophrenic. They talk about meritocracy, but for that to work, you need a confident society. And instead, it's crippled by anxiety and insecurity. So, "I'm alright, Jack. Pull up the ladder" is interspersed with destructive, often needless crises of confidence amongst our elites, based on fear and insecurity, who then turn to social darwinism to massage their egos and to destroy the competition. Hence the rationing and fixation on scarcity. (Perhaps Hobbes has been too influential in some ways). The bright kids discarded as a result of this process don't get a chance to shine, so they find it in other means. Many ultimately in unsustainable, unhealthy, and self‐destructive ways. Gary knows the cards fell right for him. That's why he's a mix of arrogant self assertion and humility. He's been back home to where he grew up, and he's seen the results of people not being allowed to have enough. It's bad. And there's even less opportunity now, than there was before.
When I was homeless, I realised that there was only me that could change. Gary speaks the truth and gives hope in a hopeless world. So happy you interviewed him.
When you are homeless, your friends, family and network don't help you. Well, not long term. You can live by blaming others, especially when it's actually their fault. The point is that Garry and James mostly focus on the practical reality rather than the fiction out there. @@JamalBrown-k1x
Cheers to you both for such a nice discussion, for a non british speaker Gary is sometimes hard to follow and he speaks so fast. It´s cool to listen to his line of thought, when I can understand what he says.
Absolutely brilliant as always Gary and great interview by James. Could so relate to what Gary said about not knowing what your options were or certain uni's etc. I'm 37 and only found out what erasmus was a few years ago. Don't not remember any guidance from school or college about options and ended up doing a degree I didn't enjoy and with a huge student loan. Now it's too late to be able to do another degree or training as it's so expensive. Its almost like they don't want working class kids to do well 🙃
Student loans are another way of embedding inequality. If you have to borrow to get a decent tertiary education, it limits your ability to progress at the same rate as someone whose parents were wealthy enough to pay for you. In the last 14 years, funding has been reduced to further adult education ( different to tertiary education) to limit any chance of advancement for those who wish to improve their lot in life while you work elsewhere so as not to fall into significant debt . Both methods are to reduce competition between those who were lucky enough to be born with privilege against those who have ability. The system is rigged against those who didn't win the genetic lottery of who your parents were.
Nice seeing a really solid interviewer like James chat to Gary and try to get some interesting new thoughts and perspective out of it, I think saying how the social contract is broken kinda nails the state of things tbh
He's on Novara this evening too. The interview he already did with them is one of the best, most informative interviews I've ever seen. Really looking forward to the follow-up.
Fantastic and profound interview, thank you! It cuts to the heart of reorienting from the search for resources to the search for meaning in living through accord with ones values as opposed to at odds with them. It's a very different poverty that I imagine a lot of rich people aren't attuned to understanding but feel deep down and only know to acquire more in an attempt to sate that deficit. It really addresses a lot of profound and important questions we all should be addressing actually. Gary is a really thought provoking person - we could do with more people in the political sphere like him that have been there, seen the inner workings of the system but recognise that while they could profit from it, the value of a stable, cohesive and happy society is worth way more than the individual's personal desire for more.
He's absolutely right and the first thing I said when the Furlough was suggested, "a foolish proposition you give borrowed money away with no return on productivity automatically means inflation." But my question is why did the Bank of England put interest rates up when the argument for the last 15 years or so, they've banged on about low interest rates are the fundimental control of inflation? Makes no sense🤔
Great interview James with Gary.Gary, poverty is traumatising and the struggle without a safety net, however talented is terrifying because it is a long way down.The underlying injustice of innequality eats away at the heart.
New to the channel. Rough watch because it seems Mr. O’Brien enjoys the sound of his own voice more than the story of his guest. There are so many points in this interview where he tries to lead Gary’s answers toward his personal perspective on Gary’s story…Jesus Christ man…
Increasingly infurating watching James talking about the 'struggle to communicate' the economic plight of young people. THIS WAS WHAT JEREMY CORBYN WAS FOR. And you smeared him relentlessly.
Absolutely! “If nobody tells you how do you know?” I always try to enlighten people but I find it so frustrating that there are many who just won’t share. It would make life so much easier.
Brilliant interview, but James wasted so much time talking about Gary's background instead of discussing in detail the problems and solutions to wealth inequality. Would need a second interview.
Love this conversation!! The story about getting the math exam @20:40, where right is right and wrong is wrong is the pure essence of this man. And is why coding, and programming is such an important part of how the new financial system will be built. Code is law.
In the discussion about the decline of mental health, economics is often overlooked. I want to shout at people "no, the kids aren't anxious because they've been on twitter too much today, it's because they have no hope of a stable and secure future, their life feels like cigarette climbing a slipping bank of shale"
I am very new to the trading scene, watched an almost 2 hour tutorial on how to trade options, but I still don't really get it. I really want to learn how to properly do it. I read these charts wrong most times. Do you ever trade for others? I'm interested. I have about $95k set aside to test the financiaI market waters.
Options are not like normal financial instruments. Even in the normal structure they are complicated. You cannot expect to understand them from 2h video. Especially if you want to do more than hedging.
It's really not as difficult as many people presume it to be. It just requires a certain level of diligence, which is something ordinary lnvestors lack, and so a financiaI advsor often comes in very handy.
That’s why I make it a point to speak with a financial advisor before choosing any investments. I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends. In addition they have access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made about millions working with my advisor for over three years now.
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
![[TH] FS vs BME - VCT Ascension Pacific - Lower Bracket Final](http://i.ytimg.com/vi/wnygqsR2Fig/mqdefault.jpg)
One of the most powerful and meaningful interviews. Gary is a force and James O’Brien needs to have him on his radio show every time there’s a budget, every time there’s news on economy, and every time a Government makes decisions on wealth and Tax. We all need Gary’s voice heard.
Absolutely
That sounds like a great idea. All those people that the BBC etc interviews after budgets and economic crises always look as though they live in a very wealthy background and Gary comes from the sort of area and income that many people do.
@@juliewake4585 The way he describes being in the trading floor with a bunch of millionaires and learning if you want to learn about the economy, go out there and ask normal people about it... makes total sense.
@@fang_xianfu it really does
Love that, 100%
Jesus Christ. This was about 12x more thought provoking, moving and educational than I expected. So glad to have stumbled upon this.
12x? Not 10x or 15x? 😂
I'm excited that there seems to be movement to actually defend ourselves against the destabilization of wealth disparity to our system!
@@Natty183if you’re using Fiat currency system tools to do it…the likelihood you’ll actually find a way is minuscule.
Buy his book.
His book’s well worth a read. Hope he eventually goes into politics and goes a step nearer to fixing the economy. Can’t see anyone else even remotely willing to do this. It’s dog eat dog in the political world for fame and fortune. Gary’s had both so would be an excellent leader or, at the very least, a thought provoker. I look forward to following his life stories.
Glad to see you interviewing Gary. He speaks a huge amount of sense
The most sense compared to these corrupt Economists
Professor of macroeconomics William Mitchell (Bill) is one of the world's leading hexerodox economists. He has been writing about this for years. He warned about the 2008 GFC and many more, he has always been right. He is warning again just like Gary. The problem for decades has been group think concerning neoliberel policies that have shaped our economy. Reclaiming the State is an excellent book that I would recommend both for students of economics and the general public for further understanding in this field. It's purposely written for the ease of general understanding. (no mathematical skills are required, it's more like a story of how we got here and how to change for the better.) A great accompanying book for Garys. The history would help traders to understand the whole economy and it's complete structure. I would recommended both.
@@maria8809ttthe writes about MMT right? MMT makes the economy make so much sense
Totally, it is the framework that government policy is applied to globally. It shows all possibilities with in that framework, like there is no need for unemployment, there is no need for austerity. It's great that Gary has provided a platform were economic truth is not removed. @@HistoritorJimaldus
The problem is if a politician ever manages to break through and try to reverse inequality (most recently Corbyn) public school boys in the media like O'Brien do everything in their power to stop it happening. Hypocrisy of James nodding along here is maddening
"They get paid more to bet on it than they do to fix it."- there it is.
They need to dig in more to that I thought
One of the best interviews I’ve ever sat through and I’m 74, should be mandatory in schools.
Should be mandatory at labour conference too ✅
Labour and the Tories follow the same path. That's one of Gary's points.@@davidalderson7761
@51maineroad. Interview ? Really.
@@lenwilkinson672yes. “A conversation between a journalist or radio or television presenter and a person of interest, used as the basis of a broadcast or publication…”
In what way does this not meet that definition?
@@perrymason866 I am guessing he would like to see more searching questions. JoB doesn't have the intellect to challenge anything Gary says. For example:
6:04 "We know the government makes a loss here".... which underpins his assumption the rich must have made a profit. But by his own description, the government printed the money via the BoE and made no loss. The loss was to anyone that held cash as the value of the cash was reduced by the subsequent inflation caused..... its not the poor who have large cash saving btw.
8:34 Enormous increase in house prices down to inequality....... but house prices keep rising purely because of a mismatch between supply and demand. We haven't built enough houses to keep up with the massively increasing population. FYI Around 65% of people own their own home.
Then there is the bit where he is saying luxury goods were the only ones shut down...... but people couldn't go to their local pub, go to the cinema, watch sport etc..... it's just not true that the effect of lockdown was to shut down only luxury goods. It shut down anything that involved physical/social interaction.
Yes, we need less inequality. But the real problem is every growing government. Government is captured by the rich and powerful. The rules of markets and laws are written in their favour for their benefit. We don't live in a capitalist system with true competition anymore. That's your real problem. And yet the public are demanding bigger and bigger government because they think it will protect them, govt doesn't work for the people.
If you read this far well done :)
The world needs more Gary Stevensons
About 10 million more in fact.
Those that advocate using a third party to steal from one group to give to another?
if we had Gary Stevenson for any of our journalists, you know, just some guy that can actually stop and look at it all and go "hey, wait a minute", media might have done literally anything about this, at any time, any of the many times it had millions of opportunities over the last 10 years. Instead I remember them talking up about benefit cheats, justifying austerity extremism, quoting politicians going "got to have a strongeconomeh", bullying striking doctors, nurses, teachers, pulling the confused wince face at anyone that wanted to vote out the Tories, platforming pavlov's dogwhistle, only to then rhetorically ask people, who don't have platform to give to dogwhistles, why is it that they salivate, every time the dogwhistle whistle gets blown - which, if they checked what their trade is up to, any week, every week of the year, all year, every year, at any time over the last few decades, they'd have noticed how often it gets blown.
But, "what I can't understand, is -and I hope you can help fill me in on this, is how can you, (just some member of the public with an opinion); *how can you say that?*", saith the platform, as-if it doesn't know.
Easily one of the best (possibly even *the* best) episodes of Full Disclosure I've listened to - and I've listened to a lot.
What Stevensn has is *insight* - he's got the ability to see something and explain it so it becomes obvious to other people. An incredibly rare ability. Thank you so much for this interview.
I agree!
I agree.
Great comment, I agree. Not only does he possess that rare ability, but he also genuinely cares.
What an amazing man Gary is. Not a fan of James O 'Brien but you conducted this interview so well. You should do more of these .. I feel Gary's pain he is still so vulnerable . I wish all the best for him. ...
Ditto to this comment. I only came here thinking Gary was going to rip James a new new one .. 😂. But he sat there and listened for the first time
Brilliant as always Gary. If only more people would listen to you. Thank you for the interview James.
Need more people like Gary Stevenson and Martin Lewis serving the people rather than big business
Martin Lewis is great but I wouldn’t put them in the same category. Martin teaches how to “survive” the rat race, while Gary has actual world changing solutions.
What a lovely lad. He’s laying himself bare. He really cares about society. We need him and more like him, who have clout and will speak out against the social injustices that are growing.
Best interview I have listened to on you tube. The interviewer was not afraid to ask hard questions and the down to earth fellow was brave enough to answer them. Honesty and integrity. A1
I’ve been following Gary for quite some time, and it is refreshing to hear a refined definition of what we all suspect to be the reasons behind our declining living standards. He is relaying a simple and compelling message to anyone who has the sense to listen, that is, that unless we end the overbearing burden of wealth inequality, our children and grandchildren will continue to experience ever worsening standard of living. However, each time I listen to him I’m filled with despair, because I understand that none of the people who could actually bring about a change in direction are paying any heed to what he presents as the patently obvious. Even Labour, a party born from the desire to create a more equitable society, cannot bring itself to detach from the pervasive scourge of Thatcherite neoliberalism, and stem the flow of wealth from the masses to the engorged few. I will trudge into the polling booths this year in a bid to oust a Tory party in its death spiral, but there will be be not an ounce of hope going into that x against any candidate that can rid us of our Tory MP. The next Labour government will merely better manage the decline that we will continue to endure until the world comes to its senses and listens to the likes of Gary Stevenson and acts upon his sensible and practical suggestions.
Exactly. His message resonates so well because it's the truth we are living.
Very well said and I have to agree with everything you've said.
100% agree except there’s no way I’m debasing myself by voting for Labour and endorsing this duopoly further than I already have.
Mrs Thatcher was never neoliberalist, neither was she a scourge. She believed in peace and freedom, prosperity for those who earn it, family values and a small government . We need her back.
@@stuartbritton4811 she was instrumental in unleashing the hands-off deregulation of the financial sectors, which ultimately led to the banking crash of 2007/8. She is not coming back, due to the fact that she is long dead. We continue to deal with her ongoing legacy of the impoverishment of the middle and working classes, while a select few take an ever larger share of the stagnant and often shrinking national cake.
I am one of those people who begged you to interview Gary after listening to him for the last year and a half. I knew you would really enjoy talking to him. 😊
You're welcome.
me too
In one of these interviews, can you please get the interviewer to ask. How would the government fund its self if it can't borrow or inflate.
@@JamalBrown-k1x I could answer that for you - that's what taxes are for. When the government promises to cut taxes to appease voters, what it's actually doing is cutting its own budget, therefore offering to make your public services and public sector departments actively worse. And people vote for this because they think 20p in their pocket a week is worth losing bus and hospital services. Maths GCSEs are obviously not forthcoming
@@JamalBrown-k1xit prints money.. problem is that it doesn't continue to circulate and it instead is rather stockpiled by the uber wealthy.. and accruing interest all the while.
@@JamalBrown-k1x Taxes, but the rich that benefit from the lack of government funds wouldn’t tax themselves or their friends. So they will find ways to make more cuts and tax the lower classes. But they can only get so much out of us before either the bubble bursts, or social uprising. They’re playing a dicey game, and there’s only one generation left in it before something severe happens.
Simply amazing!!
I heard Gary Stevenson before and I love how clearly and openly he speaks. I can imagine it's difficult to confront yourself like that! Much love, Gary!
Glad I decided to watch this, on a par with Bernie's interview. Thank you James and Garry. Will make an effort to watch Gary's channel.
OMG, so glad this interview happened, one of the best interviews without doubt.
I could have listened to Gary for another few hours - what an interview, what a guy!!
Agreed!!!
But how would the government fund itself, without making huge cuts, because it shouldn't borrow or inflate ?.
Subscribe to his channel
James:
As an American who listens to you live almost daily, I want to thank you for your work and especially for interviews such as this. LBC is my portal to the world away from the mainstream US media and you and your colleagues are simply brilliant.
Gary:
I'm 62 years old, studied finance in university, worked in banking, and have spent the last three decades of my life trying to make sense of this world; these sixty-three minutes have just made everything crystal clear. I am now a follower and believer! Can't wait to read your new book (and also hear it in your own voice.) Bravo!
I'm proud to say my daughter works for LBC.
Hope you enjoyed his book as much as I..if only the American and British middle classes had been introduced to these principles in grammar school, the world be a better place right now. 😊
Beautifully put John. Respect.
Gary is extraordinary. He gets it. Thank you both.
First if all i get a vibe he does this for personal gain, second what is inequality even ? Nobody is entitled to anything, 50% tax is already super criminal what else did you want
@@BambotbWhat 50% tax are you referring to? Top income tax rate in the uk is 45% for £150k and over.
Income taxes don't do much for inequality anyway, it's the accumulated wealth we need to address.
he gets what? I dont see him helping the poor, I see him helping himself by peddling his phoney book onto people poorer than him, some care that. Are people better off financially buying his book or are they now poorer? so he is the largest hypocrite known to man
@@matthewwatt2295 what is inequality even ? how about we apply inequality in school everyone get an A then :D the best student have to give grades to the less privileged students :D also how about passport inequality africa should have same passport power as the UK :D
@@James_36 he is a liar he said in one video he made 11 millions off japan eartquake then in another 6 hahaha clearly an evil pos in it for himself, you can never trust anyone who lies about such things
Best interview i have seen on UT for a long time, Mr Stevenson he was to run in UK Elections I think he should because he is the only one that could make a change.
Gary is a voice that needs to be heard! Share far and wide!
It's all lies. You don't give up a job trading.
@@Mark-jb1fj you do if you have a soul 🤷♀️
@@Mark-jb1fjI'm a bit suspicious too
@@Mark-jb1fjwhat exactly is the lie?
@@Mark-jb1fjhe still trades. Not sure why this contradicts what he says
You're an absolute hero who's experience and wisdom should be capable of guiding all people in all walks of life. Thankyou.
Gary is probably one of the most important people of our age. Everyone needs to listen to what he has to say, particularly those on the left of politics who could be in a position to make change happen.
Possibly the best podcast interview I’ve ever listened to
Let's hope Gary's views can translate into meaningful change within our political system.
I could listen to Garry until the cows come home, he speaks so much sense. He’s also passionate what happens to normal people.
This video crosses all borders and boundaries, it affects us all and should be shown across all professions, schools and universities including LSE.
I’ve always wondered how the finance industry is allowed to create products that are essentially worthless, wrap them in shiny wrappers and people who are managing real money like pensions buy them without any investigation as what they’re buying, ie just taking a shiny triple A wrapper or similar as sufficient to proceed. There’s more due diligence in buying a used car where at least it checked over for rust etc. But on the subject of shiny wrappers hiding junk within, we can expand this out to the food, pharma, defense and political industries….
Thank you for sharing.
"In this culture we give to young people especially young men but not just young men that tells them "You are the money you make" and if you don't make money you're a failure, and if you make money you're great, and simultaneously gives them virtually no realistic chance of making money, you are kind of training a psychopathy into these guys because you put them in an impossible situation." To me the most profound statement in the interview that Gary has said.
That is both insightful and frightening
I loved these, but for me it was also "if they had won they would stop" when referring to the motivations of the rich... Wow that's so true about the mentality of these people. At that moment I realized that much like Gary was at his lowest, they are mentally ill. I don't mean that in a disparaging way, I think they literally have emotional deficiencies that require treatment... Yet we've idolized them and put them in charge of everything instead. 😮
It isn't culture, it's biology. Women desire status so they pick men with higher status. Money, fame and power are the key status indicators so young men will chase those things. Money is the easiest of the three to get so young men become obsessed with money.
Gary is very intelligent but his understanding of the world is one dimensional. Also, every economist I have ever spoken to is obsessed with distributions.
Don't put people on a pedestal just because they are gifted and say things you like. He is another finance bro collecting a cult following because he is certain he is smarter than everyone else.
@@SurmaSampo "Gary's view of the world is very one dimensional" immediately following "It isn't culture, it's biology", probably one of the most one dimensional views of the world 😂
Make it make sense!
@@DrPhoerrets If it replicates across cultures it is biology dude. It is also backed up by evolutionary psychology. If you think biology is unidimensional you might need to go back to school dude.
Serendipity was mentioned in this interview. I'm ever so glad it appeared on my YT feed. There is simply so much food for thought here.
There he is, an extremely intelligent young English guy who openly declares how he benefitted massively from his closeness to immigrants. Some idiots won't even have them as neighbors
He also predicted that rising inequality would mean a rise in the Far Right and racism.
@christopherdresser8061 and yet with an aging population, living longer, we literally won't have enough tax payers to be able to pay for retirees pensions or have enough health care workers to look after them without immigration. Where are your figures to prove there's too many people for the amount of jobs available? If that's true, in an aging population, then there's something fundamentally wrong with the economy and it probably has something to do with what Gary's saying about wealth and assets increasingly being concentrated up, in fewer hands, stifling growth
I’m
Sorry to break it to you - but he’s not English. But yeah he’s not brown basically.
@christopherdresser8061over 250,000 adult social care positions available right this second, through out the UK. I’ve been a recruitment manager in 3 sectors and “30 applicants per job” was rarely the case and, when it was, 20+ of those applicants would not be adequately qualified to do the job.
@christopherdresser8061 Did you watch the interview? You'll find the answer to your question there.
What a fascinating interview. An hour well spent for sure!
I am going to save this interview for when my nephew is a bit older to listen to. Brilliant thanks
I just wanted to say. THIS is what Jeremy Corbyn was advocating. Tax the super-rich more to address the wealth inequality. But he got destroyed by the label of anti-semitism and behind that were the media. Would you rather be like the USA or Norway?
Not that O'Brien would ever credit Corbyn.
He got what he wanted when Corbyn was defeated in 2019.
Despite his complaints, the value system of the likes of O'Brien prefers Tory rule rather than anything like democratic socialism.
USA and Norway extract huge amounts of hydrocarbons. It was the left that demanded during Covid that everyone stays at home dependent on government subsidies.
@@michaelrch . I wonder if his views could be changed from his conversations with people like Bernie and Gary? After all, he is the product of his environment...as are we all. Rather than just blaming O'Brien for his opinions, it may be better to explain where his blind spots are, and how changes could be made which would create a better society. Listening to his radio show, it appears that he would welcome a more equitable distribution of wealth, if only to improve the lives of more people.
The most successful societies are those where wealth inequality is the lowest.
@@curmudgeon1933 no, these people never change.
They are big and bold and radical when there is zero chance of any change (like now), yet when the establishment is not entirely safe and there is a risk of it being challenged then they suddenly full fully behind the establishment to destroy the threat.
One of the reasons JC was defeated so badly - even though if only a few thousand people had voted Lab things would have been very different, is that even seeing JC as fundamentally right, there was always something that didn't feel quite right with him, media bashing apart. BJ was the opposite. He knows how to use the media for his profit, and he did. All his mandate was pure propaganda and posturing for self-serving only goals.
Followed both of these guys and am so pleased they’re sharing a platform. Gary knows the nuts and bolts of why & how we’re being ripped off.. Hope Keir’s lot are listening with a notebook.
Gary criticise and want to “tax the rich”, but he don’t get into specifics how it should be done. The problem is that “taxing the rich” will not solve any problem whatsoever. Even if you get in some more tax in the beginning you will soon run out of rich people to tax and you are back at square one. You NEED rich people to invest.
Whats more amazing here is the fact that Gary didn't drop the F word - Anyone who watches him knows xD
lol true
That was very refreshing!
He drops them carefully
Every other f King word.. 🤣
I kinda wish Gary wouldn't swear so much on other shows (this one was fine, btw!)
I'm not offended by it (I'm working class and swear lots too, so don't think I'm a pearl-clutcher), but sometimes it's to the point where it's distracting and detracts from his message. A few f-bombs thrown in to emphasise important points is a nice bit of punctuation, but you can't do that when you say it every 3 seconds.
This interview was worth every second, time well spent
Fantastic interview with Gary! He's been doing a great job and more people need to hear more about what he's attempting to highlight
25:04 This is the line! This is why everyone should listen to Gary.
A remarkable young man.
We’re entering a neofeudal era.
Gary is the smartest guy ive ever met, but it always his humour and infectious laugh that I always remember. Hes the biggest brain and biggest heart in Britain.... keep it up bro youre smashing it...
Awesome! So glad this interview happened. I'm a big fan of Gary's because he talks sense and he has an honest heart. it's great to see him being recognised. That was quite emotional at times.
Brilliantly captivating. Thanks for this. Gary has switched me on to trying to understand fundamental inequality in my country.
Great to see Gary being heard on this platform ☀️
Kudos to O'Brien guiding this interview so expertly and deepest thanks to the exemplary Stevenson. Bringing him up to anyone who'll listen!
Thanks for this! Gary is brilliant..!
It has been a pleasure to listen to the conversations between a talented journalist and a skilled interviewer. It reminds me of the Brian Walden interviews from the 70s and 80s, where prominent figures such as politicians and educators would sit down with the former MP for about an hour on a Sunday morning. He would ask probing questions about the current issues of the day and allow them the opportunity to speak at length. It's great to be able to listen to two people having a conversation, with one explaining their viewpoint and the other skillfully extracting information as a journalist out of the interviewer.
Smart guy. Made some very salient points that make a lot of sense
So refreshing hearing somebody with Gary's accent and relative youth speak with so much clarity. Very rarely do you see James in aw of his guest.
Welcome to the 2024 edition of "Das Kapital". Nothing has changed because the game has not changed.
100%
Yes surely the answer is going back to precapitalist times 😂😂
@@AppearDispairDisappear-xi1gtThe answer is socialism, you can even keep markets and money
@@BongShlong naive. you do realize socialism has been tried a few times, right? you guys need to wake up and read beyond your bubble
and by the way, I am sorry to break some terrible news: the world is not as we would like it to be, or as it "should" be. that's why religions promise heaven and people believe in such superstitions. there is a human drive toward belief in utopia, and socialism is a perfect example of this. socialism replaced christianity in the west. now after 200 years it is easy to see it is just one more myth, not based on truth and reality
Fantastic interview. Gary is incredible at explaining important and complex subjects in simple ways. Much appreciated.
Housing should be a human right and systems , education should be built around this , Instead of politics being about the distribution of suffering as it is at this time
Nothing is a 'right', we only have privileges.
Who pays for your human right to housing?
Who pays for the housing? Come on, answer the question.
The very best ever interview
Thank you
Oh wow… this is a turn up. I’ve been listening to him since lockdown
Enlightening genius.
Can't wait to read the book.
Why can't Gary be Chancellor?
What exactly is genius about him?
@@jakefarronmerlin7963 he understands the economy better than 99.9% of people... he is exceptionally intelligent (i.e. a genius).
You speak as if he's some half-assed door jockey for a nightclub.
What a refreshing change! Two clearly intelligent people, quite happy to talk and listen. The subject matters important of course, but the way it's discussed should be an example shown to others who pupport to have open, long form talks. Love it. Well done gents
I'm so glad these 2 have met. Gary deserves a lot more recognition for he's insight into the economy. 👏👏👏
Mind blowing message and an incredible human..Most charismatic, articulate and inspiring man I've come across in a long time.
Great interview , James O’Brien you one of the best honest journalist out there in Uk respect bro
He really isn't honest.
He defends his liberal capitalist establishment views, come what may.
Gary credits Banks as taking him out of poverty but I say it was him - he is incredible and it’s so interesting to listen to him
Absolutely fascinating conversation and totally get and understand the message. Just very very sad that as soon as the video finished it was followed by an advert for Assets for Life - how to buy more and more property!!
Who chooses where these adverts go??
A GREAT VIDEO, WELL DONE GARY FOR CHOOSING TO SPREAD THE WORD 👏🏻👏🏻👏🏻
Wow - that was something quite special! I'll definitely be following Gary's TH-cam channel now.
Excellent interview. Bought the book. Read it. Powerful, shocking, gut-wrenching and mesmeringing turn. Anyone hwo has ever worked in the banking sector from 2008-2014 should read this. And if you weren't, you should read it anyway.
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This is a really great interview. James O'B asking great questions to get the best out of Gary and his insights and personal story. I've been watching and following both of these guys since covid times and I'm truly delighted to see them both together at last.
James’s relatability to Gary’s upbringing added an extra dimension to this interview. Much respect to Gary for sharing his personal battles in a sincere and powerful way. Truly inspiring
Thanks for having Gary on. I'm American and had never heard of him before so I appreciate the introduction. That was weird to hear about LSE and many Brits not knowing about it.. I'm just a regular middle-class guy and I've known since I was much younger that the London School of Economics was basically the British version of something like Wharton Business School over here in terms of it being a ticket to any high paying job in finance / business etc.
1. The Finance Industry is more embedded in American society than in British society. For much of our history, most working class people didn't even have a bank account, until relatively recently. So likewise, investing was something rich people did.
2. Most ordinary British people aren't even aware of the LSE, unless they are exposed to economic ideas. So, many wouldn't even consider it as an option. And Class is still behind a lot of the social inequality here. Middle class kids have the network knowledge that supplies such information. Working class kids are being segregated, and unless Mum and Dad have it, or if they're lucky to get someone who wants to foster their talent, they're ending up stuck at the bottom.
3. I found out about the LSE because my only outlet was education, and I have clung to that most of my life. But being born poor of illiterate parents, and, as I have discovered, neurodivergent, I can honestly say that the Education system in the UK is more akin to The Sorting Hat in Harry Potter now, than an arena to foster individual talents. I had to motivate myself to do that, because opportunity is often implicitly and explicitly rationed. And our culture is schizophrenic. They talk about meritocracy, but for that to work, you need a confident society. And instead, it's crippled by anxiety and insecurity. So, "I'm alright, Jack. Pull up the ladder" is interspersed with destructive, often needless crises of confidence amongst our elites, based on fear and insecurity, who then turn to social darwinism to massage their egos and to destroy the competition. Hence the rationing and fixation on scarcity. (Perhaps Hobbes has been too influential in some ways). The bright kids discarded as a result of this process don't get a chance to shine, so they find it in other means. Many ultimately in unsustainable, unhealthy, and self‐destructive ways.
Gary knows the cards fell right for him. That's why he's a mix of arrogant self assertion and humility. He's been back home to where he grew up, and he's seen the results of people not being allowed to have enough. It's bad. And there's even less opportunity now, than there was before.
@@BigHenFor I'm saving your response. Excellent explanation 👌🏿
You can get into high finance from any decent STEM or economics degree from a top Russell group university , combined with internships
Gary is a genius and a very interesting person. Great show.
When I was homeless, I realised that there was only me that could change. Gary speaks the truth and gives hope in a hopeless world. So happy you interviewed him.
If Government can't borrow or inflate, how does that help the homeless.
When you are homeless, your friends, family and network don't help you. Well, not long term. You can live by blaming others, especially when it's actually their fault. The point is that Garry and James mostly focus on the practical reality rather than the fiction out there. @@JamalBrown-k1x
Wow, you changing made housing cheaper? How did that work then?
I think you have missed the context of my comment and added on according to your viewpoint. I cannot reply to your headvoice@@SimothyInOz
Not at all. Most people have housing issues because of the housing cost..they cannot "change themselves" to make it cheaper@@dauterive
Cheers to you both for such a nice discussion, for a non british speaker Gary is sometimes hard to follow and he speaks so fast. It´s cool to listen to his line of thought, when I can understand what he says.
Thanks Gary for sharing your story.
It's motivated me even more to believe in me. ❤
Absolutely brilliant as always Gary and great interview by James. Could so relate to what Gary said about not knowing what your options were or certain uni's etc. I'm 37 and only found out what erasmus was a few years ago. Don't not remember any guidance from school or college about options and ended up doing a degree I didn't enjoy and with a huge student loan. Now it's too late to be able to do another degree or training as it's so expensive. Its almost like they don't want working class kids to do well 🙃
Student loans are another way of embedding inequality. If you have to borrow to get a decent tertiary education, it limits your ability to progress at the same rate as someone whose parents were wealthy enough to pay for you. In the last 14 years, funding has been reduced to further adult education ( different to tertiary education) to limit any chance of advancement for those who wish to improve their lot in life while you work elsewhere so as not to fall into significant debt . Both methods are to reduce competition between those who were lucky enough to be born with privilege against those who have ability. The system is rigged against those who didn't win the genetic lottery of who your parents were.
I’ve followed both James and Gary for such a long time, two people who’s opinions i massively admire. Great to see these two minds connecting ❤
Gary is such a fantastic human. I wish there were more of him.
Fantastic interview, keep pushing gary
Nice seeing a really solid interviewer like James chat to Gary and try to get some interesting new thoughts and perspective out of it, I think saying how the social contract is broken kinda nails the state of things tbh
He's on Novara this evening too. The interview he already did with them is one of the best, most informative interviews I've ever seen. Really looking forward to the follow-up.
What an amazing guy,thanks for having Gary on James,certainly food for thought
Fantastic and profound interview, thank you! It cuts to the heart of reorienting from the search for resources to the search for meaning in living through accord with ones values as opposed to at odds with them. It's a very different poverty that I imagine a lot of rich people aren't attuned to understanding but feel deep down and only know to acquire more in an attempt to sate that deficit. It really addresses a lot of profound and important questions we all should be addressing actually.
Gary is a really thought provoking person - we could do with more people in the political sphere like him that have been there, seen the inner workings of the system but recognise that while they could profit from it, the value of a stable, cohesive and happy society is worth way more than the individual's personal desire for more.
love him, gary is so enlightening
Best interview yet. Gary needs to be heard and heard loudly!!!!
He's absolutely right and the first thing I said when the Furlough was suggested, "a foolish proposition you give borrowed money away with no return on productivity automatically means inflation."
But my question is why did the Bank of England put interest rates up when the argument for the last 15 years or so, they've banged on about low interest rates are the fundimental control of inflation?
Makes no sense🤔
Great interview James with Gary.Gary, poverty is traumatising and the struggle without a safety net, however talented is terrifying because it is a long way down.The underlying injustice of innequality eats away at the heart.
Gary is an amazing young man!!
Excellent interview, thanks, just pre-ordered 😊
New to the channel. Rough watch because it seems Mr. O’Brien enjoys the sound of his own voice more than the story of his guest. There are so many points in this interview where he tries to lead Gary’s answers toward his personal perspective on Gary’s story…Jesus Christ man…
Sometimes James on your radio show I disagree with your politics , but here interviewing Gary Stephenson I'm with you , great interview .
Increasingly infurating watching James talking about the 'struggle to communicate' the economic plight of young people. THIS WAS WHAT JEREMY CORBYN WAS FOR. And you smeared him relentlessly.
Just come across this guy omg so spot on n wot a walking angel.❤
We love Gary!
Absolutely! “If nobody tells you how do you know?” I always try to enlighten people but I find it so frustrating that there are many who just won’t share. It would make life so much easier.
Brilliant interview, but James wasted so much time talking about Gary's background instead of discussing in detail the problems and solutions to wealth inequality. Would need a second interview.
Love this conversation!! The story about getting the math exam @20:40, where right is right and wrong is wrong is the pure essence of this man. And is why coding, and programming is such an important part of how the new financial system will be built. Code is law.
In the discussion about the decline of mental health, economics is often overlooked. I want to shout at people "no, the kids aren't anxious because they've been on twitter too much today, it's because they have no hope of a stable and secure future, their life feels like cigarette climbing a slipping bank of shale"
Both can be true at the same time.
Heading straight to buy his book. What a powerful conversation.
Every day a school day with Gary around. 👍
I love Gary. He not only makes economics interesting but understandable. Absolutely sound bloke 👌
Awesome interview of a fascinating guy. Loved this. Gary could change the world! You never know who listens to this
Gary has more charisma and knowledge than the entire houses of Parliament
I am very new to the trading scene, watched an almost 2 hour tutorial on how to trade options, but I still don't really get it. I really want to learn how to properly do it. I read these charts wrong most times. Do you ever trade for others? I'm interested. I have about $95k set aside to test the financiaI market waters.
Options are not like normal financial instruments. Even in the normal structure they are complicated. You cannot expect to understand them from 2h video. Especially if you want to do more than hedging.
It's really not as difficult as many people presume it to be. It just requires a certain level of diligence, which is something ordinary lnvestors lack, and so a financiaI advsor often comes in very handy.
That’s why I make it a point to speak with a financial advisor before choosing any investments. I’ve been using one since the pandemic, using profits oriented tactics and minimizing risks as a buffer against inevitable downtrends. In addition they have access to insider knowledge and analysis, making failure virtually impossible for them. I’ve made about millions working with my advisor for over three years now.
@@mikegarvey17Could you possibly recommend a CFA you've consulted with?
"Gertrude Margaret Quinto" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment
Brilliant Guy