Garys Economics Are we living through a new Victorian era?
Dec 28, 2025
Exploring modern parallels with Dickens, the hosts discuss how we might be experiencing a new Victorian era characterized by technological wealth inequality. They emphasize that technology doesn't automatically resolve poverty and stress the importance of historical precedents for change. The conversation highlights the desperate need for collective action amidst rising economic anxiety and societal divisions, ultimately advocating for a renewed focus on dignity and community to drive meaningful progress.
AI Snips
Chapters
Transcript
Episode notes
Wealthy Nations Can Still Have Mass Poverty
- Poverty can exist in the richest, most technologically advanced countries.
- Technological progress alone does not automatically reduce inequality or eliminate poverty.
Technology Isn’t An Automatic Fix
- The Industrial Revolution increased productivity but didn't guarantee better lives for workers.
- Gary Stevenson warns that current tech booms (internet, AI) risk repeating that pattern without policy to address inequality.
Post‑War Taxation Built The Welfare State
- Post‑WWII Western governments dramatically expanded living standards despite huge debts.
- Gary Stevenson points to that period as proof taxing the rich and bold policy can transform societies quickly.