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
Wealth inequality is...
is not an abstract thing all right there exists a certain amount of physical wealth in this world land houses building natural resources you know skyscrapers you know all of these things and and all of those resources are owned by somebody and the wealth distribution is who owns those resources
And on top of the distribution of the literal ownership of real physical resources, we also have debt, which is a zero sum game, which is some people are in credit and other people are in debt, right?
Low wealth inequality means the resources are owned in large part by ordinary people and governments.
Okay, yeah, there are some people who own a bigger share, but broadly everybody owns a bit.
And low wealth inequality means that you don't have one group of society heavily indebted to a tiny minority.
high wealth inequality means the vast majority of the assets in this country in the world are owned by a tiny minority of people and also the majority of people are indebted by a large amount to the very rich this is literally what wealth inequality is and i want you to understand
that wealth inequality is not just about wealth, it is about power.
Because who owns the resources is who is allowed to consume and who is allowed to decide how the physical resources of the physical world are used.
and if you have governments that own a big chunk of wealth and are not massively indebted to the rich then governments have a lot of freedom to do what they want and that is why in that post-war period you know from the end of the second world war up until the 80s when western governments owned large amounts of wealth and i want to make it clear this is about owning productive assets you know schools and hospitals and land and houses right when they own those assets
The ownership of those assets, combined with the lack of being massively indebted to the rich, gave them the power to provide ordinary people like your parents, like your grandparents, with things like education and health care and housing and affordable food.
They own the assets.
The assets produce the things that you need so they could provide you with the things that you need because they own them.
now your government does not own those assets those assets are owned by the rich and on top of that your government is in debt to the rich which means that your government needs to pay a significant amount of interest to the rich every year and what that means is your government and essentially you as a taxpayer
have become in a very real way slaves debt slaves to the rich you don't own assets anymore they own the assets you need the assets to live and you need to pay them x amount of money every year on on top of the money you need to get access to those assets because not only do you not own the assets you are in debt to them so there's no point
If you don't want your government.
government to be totally dominated by a bunch of traders in the city then don't give all of your assets to 20 guys you know i did my video last week on on elon musk right i just what i'm trying to do the whole thing i'm trying to do on this channel is to make you realize wealth inequality is not some abstract thing it's about who owns your country it's about who owns your planet who owns your houses who owns your food who owns your ability to produce all of the things that you need right so
there's no point what really frustrates me is i continually see people like upset about the consequences of extreme inequality which is we don't get any access to things that we need housing education healthcare food you know leisure time anything opportunities
but unwilling to fight the obvious cause, which is again, I'll show this graph.
You've given them all of your assets.
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