Gary Stevenson
speaker
5,834 appearances
16 recordings
3 series
first heard Apr 2026
last heard 26 Jul
Gary Stevenson’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 16 in all, peaking in Jul 2026 with 6.
Appearances
because when you look at the long term trajectory of not just UK government wealth, but basically every Western government wealth and also not just UK government debt, but long term UK government debt, there has clearly been a long term strategy of Western governments, both on the centre left and the centre right, to basically this save assets and become long term dependent on increases of borrowing.
So what this means is, whereas governments used to own assets, which meant they could provide you with public services using those assets, they have chosen to get rid of those assets, transfer those assets to the wealthy and replace the way that they fund your government services
rather than providing you government services using assets that they the government own they now provide you government services by borrowing money from the rich and they borrow more and more money from the rich every year and especially whenever there is any sort of long-term major crisis 2008 covid you know even now the iran war and the energy price crisis just that just came out of covid every single time that happens
The structural response of the UK government, of the US government, of Western governments, you know, Biden did this enormous thing, Joe Biden in the US.
The structural response of governments
Well, because it's not even a left-right issue because Donald Trump has also, again, significantly increased borrowing.
Whenever anything happens in politics or in economics, political parties of the centre-left and the centre-right respond by trying to borrow money from rich people.
Now, if your whole economic plan for 40 years has been we're going to give all of our assets to rich people and just borrow money from rich people,
you can't really turn around and say well you know because you and this this is the reason why
I campaign for and have campaigned for such a long time on the necessity of taxing rich people.
Because once you move into this situation where the assets are increasingly owned by rich people, assuming the thing which is obviously true, which is you regular people need access to assets like buildings, like hospitals, like schools, like food, like homes, like water, like energy, you need to have some way of getting access to those assets.
And you basically have a choice to make, right?
Which is either you tax rich people or you borrow from rich people.
And I sometimes get very frustrated because I've been trying to convince the UK political left for more than 10 years now, since way before I started this channel, that they need to be more serious.
about building their capacity to tax the very rich and in many cases there has there's not been much appetite for that and now we have people on the left who have have not really supported our campaign to build structural capacity to tax the rich and have built their whole economic long-term plan on borrowing from the rich turning around and saying well who gives about the bond markets you
If your entire economic strategy is to borrow money from rich people, then you will be a slave to the bond markets.
And if you do not want to be a slave to the bond markets, the only way you can do that is to sort out your capacity to tax very rich people.
These guys own all of the assets.
If you are unable to tax them, then you will be unable to access the physical assets and wealth that you need to sustain a good economy without borrowing from them.
And you will continually be a slave to the bond markets.
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