As a PhD in Economics, I can swear Gary is 100% right on this

It took me 10yrs post-university to unpack the complex algebra and realise it’s largely irrelevant and conceptually straight forward (I work in economics for a living) then start challenging the assumptions. The political & media class drive me nuts with their blatant self interest, complicit stupidity & naive impact assessment. You hit the nail on the head with this piece. One of your best.

"It's hard for someone to understand something when their livelihood depends on them not understanding that something."

Its not only inequality that has been banished from economic discourse. Exploitation, rent extraction, imperialism, class warfare are a few honorable mentions.

I liked this one Gary. I am an ex professor myself. I would go further and say that the brutality of academic life (in your case, memorization of algebra) creates a personal "sacrifice story" that works to justify their privilege and understand the results of said privilege as the results of work and pain. Same goes for the parents who "gift" the house deposits to their kids and blow up house prices. They understand inequality as the righteous and proper result of what they see as their personal graft and forbearance. Keep plugging away here.

Speaking the truth even after winning the financial game, you legend.

That was terrifying. We need 'The people's School of Economics'.

The ability for the orthodoxies to establish themselves is insidious when it avoids asking the questions that Gary is able to talk about. Good on you Gary. Keep up the good work

I've been saying this for 10yrs, I even argued that all economics should have an ethical and anthropological dilemma built into equations. So fiscal decisions could be made from a realistically informed understanding. Would it. Change greed? Probably not. Yet it might bring the changes you are pushing. We'll done, don't give up. We need people like you.

We simply need a to ditch this old system. Career politicians shouldn't exist. They serve themselves with our money.

It feels like psychology and sociology are necessary subjects that need to be baked in to economics to have a more functional use out of it.

Illuminating as always, Gary. You really are one in a million. Thank you so much for everything you're doing!

Critical thought is critical. This channel is so important for society

Thanks for exposing the dark arts of the economist Gary. Very enlightening. What you say about indoctrination and privilege makes complete sense and confirms what many of us suspect.

When someone can explain something in a language that you can understand. You know they know their craft. Thanks for the video.

Good lad, Gary - keep up the hard work mate👍🏻

Great video as usual! A suggestion - you may already have considered it, but I suggest you try to get on to James O'Brien's radio show on LBC - he's an example of a mainstream media personality who shows at least some interest in inequality and his show has a large reach. It;s in all of our interest that your reach grows as wide as possible, best of luck!

The "not believing in cancer" analogy was the 🤯 moment for me in this video. Extraordinary as always Gary, hoping the views and exposure are steadily climbing for you and the Team. Let's all keep fighting!!

You speak the total honest truth and I applaud you immensely for that. Keep pushing this debate. Great video.

I knew poverty existed when I saw a man sitting on the floor at the back of the old Waitrose building on the Uxbridge Road in Hayes… I was about 3 when I knew something was wrong. I stood beside him, not in-front of him and I can’t remember what I said or what he said, but I know my mum gave him a fiver (in 1983) and they smiled. I remember my step dad asking why she did that and she said, ‘well’ and shrugged her shoulders… She had no reason or excuse, she didn’t care to defend giving money away. The rich are moronically vulgar in their decisions and quite frankly, classless. I just took it upon myself to look down my own nose at them…

It's fantastic hearing you talk about the role of education in this system that produces economists who are blind to the structural problems like inequality. I have witnessed the same issue for over 5 years working closely with economists young and old but I feel more hopeful now as I get to contribute as a teaching assistant to the University of Amsterdam on their new post growth entrepreneurship elective. A key task in the curriculum for the first cohort who has just completed the new programme has been asking them to suggest improvements to their respective degree courses including economics, finance and business administration based on what they learned during their time on the elective. It has been really uplifting reading students' responses who are shocked to have heard about anti inequality and non extractive businesses in practice for the first time, which challenges the orthodoxies that have been surrounding them entirely up to that point.

this is a war between rich and the workers they have lots but still want your money

Just trying to digest all your information, it's a selfish world we live in. Thank you for all you do Gary, keep on talking 👌

Gary. Again. Simple terms for us all to understand. Thank you for all you do

I would happily give my last penny to people who Care, educate, protect & do the right thing. I believe millions more people in this country feel the same, but instead that money has been mismanaged and stolen by our elected representatives. Change is required & fast. Thank you Gary, on 🔥,👌, ❤it.

I stumbled across a couple of your videos about 6 months ago. More power to your elbow, and I just wanted to thank you so much for your wonderful insights 👍 🙏

You’re a shining light Gary.

It’s great we have someone like you to spread awareness of this huge problem!👍

It is eye opening. Here’s the question: is there a way to stop rich moving out of county to tax heavens once we start taxing wealth?

I love waking up to Gary on a Sunday.

Ive didnt understood economics till you came along. Thank you Gary for adding to my awareness. As a self employed person I felt the inequality through Covid and beyond. Your videos are alleviating my confusion. I didnt want to admit my government is corrupt because its a scary thought.

Gary it's as clear as day the way you put it. Changing and clearing out these old ideas will be difficult but it needs to be done. Thanks Gary for highlighting this block in the road.

So refreshing to hear these ideas said out loud! I'm coming to the end of an undergraduate degree in PPE, and after the emphasis that politics and philosophy placed on critical thinking, questioning how concepts were used and understood, etc., it was really something to find myself studying a subject where the models are just taken for granted without any real scrutinty whatsover. Orthodox economics is so often regarded as a hard science, but I came away concluding that it's a psuedo-science at best.

Gary, love your stuff and totally understand your passion and how emotionally charged your discussions of the topic are, its a testament to how much you care about these issues affecting people and your personal experiences with them. I just had a piece of advice I wanted to give you that if you want to take on the powers and establishments that you are tackling in your TV appearances and content, rising above that emotional state and not engaging with control dramas is going to be much more effective at it. They feed off that energy, don't let them have it.

It is interesting. Myself from an analytical back ground I became fascinated by Brexit. Now, 7 years down the line with thousands of discussions, reading hundreds of books, I have dratically changed in how I perceive Brexit as the populist experiment it is. I have gone through every single thought on the subject. Like all Brexeteers to must be stupid, all Tories are corrupt etc etc. Now I am convinced there are 3 mechanisms. 1) greed ( brexit is funded by the extreme rich in order to make more money) and 2) the ideology that liberalism should promote total freedom/sovereignty and 3) people dragged into social media forming an opinion on complex matters to which they never would have been interest before the information era. These people never read a serious paper before but now think they know something. On the positive side; younger people have a better understanding of the world because they are tought to filter the internet. Thus there is hope. Gary is a good example.

It’s simple There’s a Big Club out there and we’re not in it 😀

Excellent video and explanation Gary of something that many people instinctively feel but can't explain. The feeling that 'something is rotten at the core' and you're right when you say that asking or even demanding the Govt and especially these criminal tories do something to correct this a waste of time as they don't know what to do, don't care or both. We deserve better.

Best part of a Sunday morning

Don't give up. Spread your word for all of us. We are not rich anywhere if we have people suffering across the world . Rich is a useful word to sustain the economic status quo, everywhere. The same goes for growth.

I’m think there’s a problem with education as a whole. We are all taught to regurgitate information without any critical thinking as to why is this information important, is this information the correct assumption, am I being lied to?

Brilliant work, Gary. This is our favourite video. You keep it super real!

Amazingly insightful Gary! On a much more basic level, my son who’s into politics (not sure where he gets it from ;) took economics as an option at school for GCSE. It was pitched by the teacher as being very political, looking at the politics of Brexit etc as well as macro economics etc… My son kinda hates it in practice cause as you said, it’s so mathematical and theory based rather than looking at the real world implications. And this is the very foundation of learning economics, let alone the abstract way into which it seems to devolve.

Thank you for this video, what you said about education reminded me so much of what I learned from the work of John Taylor Gatto and his analysis of the deliberate corruption of education

It is difficult to see a way out of this, we certainly can't vote our way out as we have no REAL political choice. All the major parties 'tinker' to appear different, but they are aligned on most things. The Industrial Action through the Trade Union movement my be our best (only) hope. We all need to continue publicising Gary's video's.

This is a great video. It seems to me traditional economists take no account of inequality and from what I can see, no account of environmental limits. I would love to hear your views on Kate Rawarth/Doughnut Economics, who is trying to get universities to teach people to think like 21st Century economists. This means meeting the needs of all the people within the means of a living planet. It would be interesting to hear your thoughts on this.

Nice one, Gary 👌👊 Making Sundays educational and inspirational...what a ledge 👍👍👍

Fantastic! This one was a real bell-ringer. The comment that economists are attached to their models not the inequality really struck me.

Always a good discussion to have and Gary gets his message across so clearly. There's a phrase that I learned many years ago - "turkeys don't vote for Christmas". It's true as well. People are not going to want something that negatively affects them. In some ways it's human nature to protect yourself. In order for the rich to be taxed more heavily, we need a government that is more reflective of society of a whole and that government needs to stay in power for the long term. If they're only there for five minutes, then changes can be reversed.

This was one of your best videos, Gary! It's easy for those not struggling to revel in the beauty of abstract systems.

Thanks Gary…. You are easy to listen to and understand… let’s grow this channel!

I have a masters-level education background in STEM- I'm wondering how many others do that watch your channel Gary and how many people don't- you're probably already on this but just thought I'd mention in case- worth keeping an eye on distribution of viewers maybe just in case you're preaching to the choir or you're able to target the vids more to those who need to see it w/ the algorithm. Just a thought. Thank you for your great work, as always, gives me a bit of hope back! Cheers

Legeeeend! Keep it going Gary! We need your voice out there loud and clear 💥 one of the very few people that has some real insight into what’s going on 💯

As ever Gary super informative and eye opening. Thanks for what you do buddy

What does telling the powers that be ‘fix inequality’ look like? The problem only way the listen is enough people protesting, striking but this government don’t even listen to that. They just change the law. Look at just ‘just stop oil’

The memorisation of complex alegra and macroeconomics as a whole sounds very vulnerable to automation.

Another great video Gary, thank you. Saw you a few weeks ago on Politics Now/Live ……it was pleasing to watch the other economist lassie, who was eloquently spewing out all the old tropes, squirming in her seat. She was out of her depth with you and she knew it. She looked terrified actually. You do well in debates, I really hope you get more airtime 👍

Wow this is so much deeper than I thought it would be.

A kick-ass video yet again, Gary! Thanks!

I was trying to have the conversation with a guy at work. He’s brain is so boiled. He said he hates the term ‘a pay cut in real terms’…………😅

I came across you via Lad Bible on tik tok tonight, i've subscribed to your channel, ive shared four of your videos to my siblings and I intend to buy your book. There's a lot to admire about you, massive respect and I wish you correct guidance, steadfastness on the course to justice and equality and great health. Ameen 🙏🏽

He has reached the tip of Bloom's taxonomy of understanding. I'd follow Gary's recommendations over Hunt anyday.

The most insightful voice I’m hearing, not only in economics but in politics. He’s fascinating.

Landmark post brah. Keep going man you’re chopping the chaos so the everyday people can understand the oppression and articulate it to others . Much respect.

Excellent analysis, as usual and as expected.

A breath of fresh air listening to you Gary. I have been saying it for years, the education system in many areas is rotten. A lot of people are so narrow minded and unwilling to pull themselves away from old ways of thinking, and doing.

It sounds like Gary needs to do the maths for, and create a new economic model. Publish, do the academic circuit to get it accepted. Then when it gets taught in institutions, change for the better can be considered

“It’s difficult to get someone to understand an issue when their paycheque depends upon them *not* understanding” ~ 13TH (Ava DuVernay).

You are so eloquent, passionate and informed, so considered in what you say, you even make ''f******g'' sound like an economics term. Keep shouting Gary. I've passed the video on to everyone I know. The first impressed response has just come back to me.

You are so right Gary, 1% of influential people care about the truth.

Wow. Just wow. This is powerful stuff. Thank you! Keep up the great work. You have my vote.

The most important thing for the Establishment is it's own continuation.

Brilliant video. Thanks Gary. Keep up the GREAT work 👌🏼

The first widely regarded answer to questions about this was published by Adam Smith in the Wealth Of Nations 250 yrs ago. There are many examples in the same vein - "government exists to protect the rich from the poor". The book it's taken from is regarded as a foundation stone of economics - but no-one actually reads or pays attention to what it says.

Great take as always, we need a wider perspective on wealth distribution.

Very interesting video. The focus is often on how much money there is in politics but there's obviously so much more at play here.

Thank you Gary, it is so nice to find someone with a conscious with intelligence and integrity.

We've got the same wallpaper! Nice video as per, mate. Keep talking sense

Thanks Gary a great vid. I have two points, firstly if you are the guy who benefits the most not only do you not care if the poor get poorer but you are also happy for them to become less educated, have less opportunities to get on as that would only cause competition to the children of the ones who benefit the most. So creating a feudal system is a perfectly reasonable rational if your the one who gets the spoils. Point two when John Mc Donnell outlined this as a problem our national media slammed him and the Labour Party for crackpot economic ideas and said if we followed their thinking we would all go to hell in a handcart and unfortunately the masses believed it. Which is why this government say they want levelling up but really they are happy to dumb down. A sad world. Keep up the good work.

Really interesting stuff! It would be good if you also addressed the standard response to the question - that taxing the rich results in a huge outflow of work from our country, and ends up being worse for everyone. What's frustrating for me is that neither side ever seems to explore this idea further. One side says it would happen, the other side says it wouldn't, but I don't think I've ever really seen a debate about it with any more substance than that.

Absolutely love this content. Spot on! 👏👏

Thanks gary for pointing these vitally important points out sometimes the obvious is the most important,we desperate need economists like yourself to point out that the system is their to work for the 1% Davos supper rich they are only in this game for themselves people are not going to stand for tjis much longer before we reject the system completely ♥️💎job mate.

I started Trading in Gold when I was 44 as a side-hustle, to raise money for my creative projects. I went into shock when I saw the light. My great Uncle was incredibly wealthy. He was an Assey Stripper and a friend of Jack Kennedys. He paid 99% in tax in NZ...in the 1950s....but only on the crumbs he kept Onshore. All his wealth was Offshore, where he paid more tax. Say no more.

I'm amazed how Trickle Down economics is till regarded as plausible despite being widely discredited and shown not to work by multiple studies looking at data over decades. Trickle Down economics is just another way to increase the wealth of the rich at the expense of everyone else.

6:40 - you just nailed it.

Happy Sunday Morning Gary. Inky here from Twitter. I try to tweet/tag something about you once a week. Thank you again for fighting the fight and educating many about MONEY/WEALTH/INEQUALITY /ALGEBRA - I know nothing about maths really, rubbish at economics - I got a grade C in maths O level #Useless at maths and no understanding of algebra at all. Until you came along explaining it all in layman's terms......, Thank you for your education. The best teacher of maths and numbers I've had in 50 years! Now - As Professor Higgins , from 'My Fair Lady' would say ''By jove, I think shes got it'' ! Thanks xx

You are very clear and persuasive, but in the media I keep hearing the argument that it is too difficult to tax wealth because wealthy people have the ability to move and shelter their wealth elsewhere. Perhaps like the multinational companies that structure business so that they claim they never made profit in the country trying to tax them, because it has all been moved to Belgium or somewhere else.

You are awesome, keep informing the public with your wisdom. Thank you.

Great vid as always Gary! Sad that the media class is reluctant to put someone on who doesn't fit their mould of an upper-middle class pundit. You have all the academic and more importantly, real world experience tto be taken seriously. Your predictions in your first vid in 2020 were bang on. Your talking points that make me listen and I'm no alone there. Good stuff

What a great a great analysis, thanks.

Excellent. Thanks.

Powerful talk Gary

Hi, Gary, while I do agree that our current financial institutions are intellectually bankrupt I also think there is a fundamental ideological issue. This revolves around the issues relating to what actually works and what does not!. Given a foundation on the principles of how things should work, some sort of idealistic prescription if and in so far as this does not take what people actually do properly into account it becomes functionally bankrupt as well. One of the underlying principles that is in play at this time is the concept that given the freedom to enhance their personal fortune entrepreneurs will 'generate' wealth the enriches everybody. This purely ideological principle has no foundation in reality, it is one of n-many things that does not work because people want it too, it works or does not work on the basis of what actually happens. There does seem tom be one underlying factor here relating to the strange way in which we have chosen a platform of prescriptive control that insists that people must behave as they should instead of a descriptive model which accepts that people behave as they do and we have to arrange management structures to accommodate reality rather that twist reality to fit our prescription. While I am satisfied that I understand how and where we have gone wrong because that understanding is based on an awareness of basic human nature, our fundamental biological constitution that severely inhibits our ability and inclination to be realistic when fantasy and desire are so much more popular this does not offer any insight as to what I think we should try to do about it!. What does intrigue me is that while so much is dis-functional in the upper echelons of our culture, that the style of government and management is not fit for any purpose life does s=till continue!, here there and everywhere ordinary people living ordinary lives organise themselves and assist each other in doing what needs to be done to operate all the services upon which we all depend!, there are glaring anomalies all over the place the worst ones being where the 'powers that should not be' actively obstruct development as distinct from normal exploitation. The fact that this energy and enthusiasm is so parasitised by the scum on the top of the pond is a scandal and one which I would be very glad to see better controlled and regulated there is little prospect of any thing like that happening while our politicians and managers are in thrall to cognitive delusions of power and control. The observable evidence of the corruption in those corridors of power is a symptom not the cause, it is the fact that even with the best will in the world there is nothing useful any of them can actually do within that system that creates the environment in which corruption thrives. This is the context in which the style of 'economics' that you speak of is made to function as a tool for opportunist exploitation. One of my favourites is the extraordinary way that the 'hospitality' industry can be described as as generator of wealth while public health services that help to keep people fit, well and productive are called an undesirable drain!, a perfect example of what you speak of!. Cheers, Richard.

Brilliant Video

Gary you are a man of sound common sense, I agree with everything you are saying also the altruism shines out loud and clear.

This is guy, in the short period of time I have been watching his drops, I have learnt so much and it makes me angry, I actually have a better understanding of economics bit by bit

Gary, this is so funny and relevant. Im a strategy manager who uses data to “win” market share. Therefore I use every tool in my box, ONS data, media messages etc. this allows me to predict and understand my consumer base. It’s wild to think the economics institution doesn’t understand this 🤯

Who will provide the Grand Design? What is yours and what is mine? There is no more new frontier! We have got to make it here. Satisfy our endless needs and justify our bloody deeds.... Thanks for your honesty, Gary; brutal, brutal honesty. Well done!

I was a high school science teacher, couldn’t survive on the crap pay and went into banking. This logic applies for all public sector workers, thanks for putting it into words

This is an excellent channel. VERY valuable information that you don't really hear.

Excellent!