Garys Economics

Wealth inequality is skyrocketing globally, yet it remains largely overlooked by economists and media alike. A critique challenges the narrow mathematical focus in economic education, suggesting it skews perceptions of pressing issues. The discussion draws parallels to Copernicus to emphasize the need to question outdated models. Additionally, reliance on interest rates in crises is scrutinized, revealing the flaws in mainstream thought. Ultimately, the podcast advocates for increased public awareness to tackle the widening economic divide fueled by elite interests.

The discussion delves into the political strategies of ultra-wealthy individuals, focusing on the influence of figures like Elon Musk. It examines how their financial power can sway politics, particularly through funding anti-immigration parties. The podcast highlights the alarming connection between wealth inequality and declining living standards. Listeners are urged to recognize the manipulative tactics billionaires use to divide the working class, stressing the necessity for unity and collective action to combat rising inequality.

UK government borrowing costs spiked on Thursday with a panic in the bond markets, and the pound fell. Are we facing a new Liz Truss moment? Gary filmed an emergency video to address what's going on.

Updating you on what's happened over the past 6 months. And what'll happen in 2025.

I've been away but we're going to try to change things in 2025. Support Gary's Economics on Patreon.

The conversation dives into the harsh realities of a broken economy and the urgent need to navigate through it. Wealth inequality takes center stage, raising critical questions about taxation and accountability. Personal anecdotes reveal the moral dilemmas faced in finance during hard times, as stories of rising from poverty unfold. The struggle between selfishness and community duty is examined, drawing on literary examples. Finally, the emotional toll of economic collapse is addressed, emphasizing empathy and the need for collective support in challenging times.

An update from Gary.

Discover the stark contrasts between equal and unequal economic systems and their effects on financial security and social mobility. Learn how wealth concentration shapes consumer behavior and employment prospects. Dive into the mechanics of wealth inequality, revealing how it’s perpetuated by transfer payments and leads to economic disparities. Explore the significant consequences for disadvantaged populations as wealth continues to flow from the poor to the rich.

This channel started 4 years ago today. Which of my predictions came true?

"They'll leave" is the most common response in the media if you suggest a wealth tax. But will they?