The Diary Of A CEO with Steven Bartlett

EMERGENCY DEBATE: They Lied About The Economy Recovering! Is A Financial Apocalypse Coming?

Mar 20, 2025

Join economist Gary Stevenson, former financial trader and author, alongside serial entrepreneur Daniel Priestley, as they unravel the looming financial crisis. They discuss the unsettling truth about the economy not truly recovering and explore the responsibilities of government policies in worsening wealth inequality. Expect insights on the potential for a more severe financial crash than 2008, why millionaires are leaving the UK, and the struggles of new entrepreneurs in today's economic landscape.

02:25:57

Episode guests

Daniel Priestley

Gary Stevenson

AI Summary

AI Chapters

Episode notes

Podcast summary created with Snipd AI

Quick takeaways

Wealth inequality is affecting living standards in the US and UK, leaving many to struggle with basic necessities.

Systemic barriers hinder entrepreneurship, making it unrealistic to expect everyone to easily start a business without support.

Digital transformation is reshaping job opportunities as high-paying jobs move to lower-cost areas, threatening traditional employment.

Political engagement is essential to advocate for wealth redistribution policies and address systemic inequalities affecting the middle and working classes.

Adjusting tax policies to increase taxes on the wealthy is proposed to fund essential public services and support the working class.

Deep dives

Rising Wealth Inequality

Wealth inequality is increasingly affecting living standards in the US and UK, leading to a situation where many are struggling to afford basic necessities. The discussion highlights that the idea of entrepreneurship cannot be applied uniformly, as systemic issues contribute to growing disparities. Big governments and policies favoring the wealthy further exacerbate this situation. Experts argue for cuts in taxes for the working class while increasing taxes on the richest individuals to bridge this gap and provide better living conditions for all.

Intro

1min

Navigating Economic Challenges

16min

Housing Wealth and Generational Disparities

13min

Economic Disparities: The UK vs. US Debate

28min

Entrepreneurship in the UK: Navigating Challenges and Opportunities

21min

The Complexity of Entrepreneurship and Personal Agency

2min

Navigating Entrepreneurship and Economic Disparity

20min

Navigating Opportunity: Knowledge and the Tech Boom in Nigeria

2min

Exploring Economic Contrasts in the Philippines

2min

10.

Navigating Economic Pathways

18min

11.

The Shift in Entertainment and Entrepreneurial Struggles

3min

12.

Wealth Inequality and Economic Challenges

14min

13.

Examining Economic Policies and Wealth Migration

5min

Is the economy on the brink of collapse? Gary Stevenson and Daniel Priestley break down the emergency financial crisis no one is talking about

The Diary Of A CEO’s economics debate is joined by 2 experts: Gary Stevenson and Daniel Priestley. Gary Stevenson is a British economist, former financial trader, and author of The Trading Game. Daniel Priestly is an award-winning serial entrepreneur who has written 5 books on starting and scaling businesses.

In this conversation, Gary, Daniel, and Steven discuss topics such as, whether there is a financial apocalypse looming, if both the US and the UK are running out of money, how the next financial crash could be worse than 2008, and why millionaires are fleeing the UK.

00:00 Intro

02:10 Who Is Gary Stevenson?

07:30 Who Is Daniel Priestly?

10:04 The Importance of Economic Freedom

11:56 Who Are We Blaming for the Economic Situation?

13:32 The UK & US Debt We're Carrying From COVID

17:44 Is There Financial Security for Most of Us in 2025?

26:13 What Does Gary Think of Daniel's Views?

28:58 The Current Homeownership Situation

34:21 US vs UK Market With Building Technology

36:38 Taxing Billionaires

41:03 Do You Tax Their Value or the Countries Where They Trade?

45:36 Why Are Millionaires Leaving the UK?

48:49 Stopping Profit Shifting of Companies

52:40 How $10M+ Companies Avoid Taxes

58:01 Where Is the Biggest Amount of Money Going?

01:00:06 How to Bring Big Tech Companies and Entrepreneurs to the UK

01:04:45 Are Tax Evasions Causing Issues With NHS, Education, and Higher Crime?

01:10:31 Why Poor People Are Struggling to Build Wealth

01:19:49 Ads

01:20:53 How to Create Wealth in the Economy

01:37:17 Monopolies

01:40:18 Advice to Younger People

01:45:02 What to Do as a Young Person

01:47:12 Take Action: Play the Cards You Are Dealt

01:51:45 Do We Have Personal Responsibility to Change This?

01:54:05 Is the Current Education System Failing Us?

02:00:56 Inheritance Taxes

02:04:50 Ads

02:10:05 America's Approach to Building Wealth

Research Document: https://stevenbartlett.com/wp-content/uploads/2025/03/DOAC-debate-Gary-Daniel-Independent-research.pdf

Follow Gary:

YouTube - https://g2ul0.app.link/xdrUsPgERRb

Instagram - https://g2ul0.app.link/OoThWmfERRb

Follow Daniel:

X - https://g2ul0.app.link/3ui4EJjERRb

Instagram - https://g2ul0.app.link/Wa2RfsaHRRb

Website - https://g2ul0.app.link/jUbxNu8GRRb

Watch the episodes on Youtube - https://g2ul0.app.link/DOACEpisodes

My new book! 'The 33 Laws Of Business & Life' is out now - https://g2ul0.app.link/DOACBook

You can purchase the The Diary Of A CEO Conversation Cards: Second Edition, here: https://g2ul0.app.link/f31dsUttKKb

Follow me:

https://g2ul0.app.link/gnGqL4IsKKb

Sponsors:

Fiverr - https://fiverr.com/diary with code DIARY for 10% off your first order

WHOOP - https://JOIN.WHOOP.COM/CEO

Perfect Ted - https://www.perfectted.com with code DIARY40 for 40% off

Learn more about your ad choices. Visit megaphone.fm/adchoices

Remember Everything You Learn from Podcasts

Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.

The Diary Of A CEO with Steven Bartlett

EMERGENCY DEBATE: They Lied About The Economy Recovering! Is A Financial Apocalypse Coming?

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Rising Wealth Inequality

Critique of Entrepreneurial Advice

Impact of Technology on Employment

Economic Freedom Index

The Role of Personal Responsibility

Involvement in Political Processes

Barriers to Entry for Entrepreneurs

The Unsustainability of Wealth Accumulation

Adjusting Tax Policies

Future Predictions and Opportunities

Remember Everything You Learn from Podcasts