Garys Economics Are Labour unlucky (or are they just rubbish)?
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Oct 5, 2025 The discussion explores whether Labour's struggles stem from bad luck or ineffective leadership. It critiques their failure to address rising inequality and the missed opportunities that could have averted economic crises. Historical parallels to the collapse of empires highlight the urgent need for new economic ideas. Gary urges the public to advocate for tax reform and empowers the intellectual elite to recognize the systemic failures at play. The message is clear: true change requires addressing wealth concentration head-on.
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Falling Support Was Predictable
- Labour's rapid fall in popularity was predictable because rising inequality and weak government finances would drive falling living standards.
- Gary Stevenson predicted this pattern years ago and argued Labour's unpopularity follows from that structural economic shift.
Reclaim Wealth Through Tax Reform
- Fixing the cost-of-living crisis required reclaiming wealth via the tax system rather than treating public funds as irretrievable.
- Gary Stevenson urged taxing the rich to restore government capacity and prevent slashing services or taxing the middle class.
A Cross-Party Systemic Failure
- The failure to address growing wealth concentration is shared across major parties and countries, not unique to Labour.
- Gary Stevenson frames the problem as a systemic misdiagnosis by the entire Western political class.
