Azeem Azhar

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The 2025 Edelman Trust Barometer, which is a trust barometer run by a big public relations firm, shows a high level of grievance worldwide, particularly against the wealthy and governments.

How can markets traditionally quite poor at addressing inequality tackle this grievance given the potential negative consequences?

Well, that's a doozy.

Over to you, Paul.

Yeah, I guess the question is, what is the external impetus that

that drives that.

And I think there is, you know, there is a sense amongst perhaps technologists that that impetus will be, will come because technology will solve, you know, every, every problem.

But of course we do find ourselves with a situation where dynastic persistence of ultra high wealth in the U.S.

is, is pretty substantial.

That's grim humor.

There have been a load of questions about debt.

So I think we should turn to those.

I'm just trying to read my notes.

Alan Greenspan used to say, we don't know the max, the level of maximum federal debt.

And I hope we never find out because when we do, it will be too late.

And I guess this is directly to you, which is what is the max according to Paul or what is the ideal level of debt?

Although, I mean, in the UK, of course, we got heavily punished a couple of years ago when two prime ministers back, it's hard to keep track, really spooked our debt markets.

And in a sense, we've got the hangover today.

And I guess the Chinese are contending with a whole slew of other debt problems