Steven
👤 PersonAppearances Over Time
Podcast Appearances
I've got family in Nigeria, which is where my family are from. I was born in Botswana because we were visiting there, but I've got family in Africa. Do you go to Nigeria much? No. I've got a home in Cape Town in South Africa, so I see that it's a great place if you want to see inequality. I think there is...
I've got family in Nigeria, which is where my family are from. I was born in Botswana because we were visiting there, but I've got family in Africa. Do you go to Nigeria much? No. I've got a home in Cape Town in South Africa, so I see that it's a great place if you want to see inequality. I think there is...
A naivety in this country, in places like the US, that the kind of inequality, the kind of broad poverty that you see in places like South Africa, in places like Nigeria, in places like India, can't happen here. It will happen here. That is the future of this country. That is the future of the US. And I'm not just saying that. I'm betting on it.
A naivety in this country, in places like the US, that the kind of inequality, the kind of broad poverty that you see in places like South Africa, in places like Nigeria, in places like India, can't happen here. It will happen here. That is the future of this country. That is the future of the US. And I'm not just saying that. I'm betting on it.
And I've been betting on it for 15 years, and I've been right for 15 years. That is what I'm trying to avoid.
And I've been betting on it for 15 years, and I've been right for 15 years. That is what I'm trying to avoid.
Daniel, where do you come from?
Daniel, where do you come from?
As we sit here today, can you give me the overview of your business success since then?
As we sit here today, can you give me the overview of your business success since then?
And when you think about the UK and broadly the Western world today, what is your assessment of where we're at as a country and what's concerning you? Because Gary expressed quite articulately that his big concern is that because of wealth inequality, we're going to end up in a similar position to the likes of India. What are you concerned about?
And when you think about the UK and broadly the Western world today, what is your assessment of where we're at as a country and what's concerning you? Because Gary expressed quite articulately that his big concern is that because of wealth inequality, we're going to end up in a similar position to the likes of India. What are you concerned about?
And who do they blame?
And who do they blame?
Gary, I'm sure you have a lot to say there. I know you both use the word collapsing. So you agree that there's a problem here. But I think you, from studying both of your sort of perspectives, you think that the solution and the cause of the problem is different?
Gary, I'm sure you have a lot to say there. I know you both use the word collapsing. So you agree that there's a problem here. But I think you, from studying both of your sort of perspectives, you think that the solution and the cause of the problem is different?
I mean, I put bets on. I put bets on. That's what I do. I put bets on. At the beginning of COVID, we knew the government was going to give an enormous amount of money out, total amount of money now, UK government deficit. Since the beginning of COVID, it's £1 trillion. US number is $14 trillion. That's, you know, £20,000 per UK adult.
I mean, I put bets on. I put bets on. That's what I do. I put bets on. At the beginning of COVID, we knew the government was going to give an enormous amount of money out, total amount of money now, UK government deficit. Since the beginning of COVID, it's £1 trillion. US number is $14 trillion. That's, you know, £20,000 per UK adult.
My background is I understand that when the distribution gets worse, when inequality gets worse, living standards fall. So when the UK government was going to give a trillion pounds out, all I wanted to know was who's going to end up with that money. That's all I wanted to know. And I mean, the US number, 13 trillion, 14 trillion, it's just outlandish.
My background is I understand that when the distribution gets worse, when inequality gets worse, living standards fall. So when the UK government was going to give a trillion pounds out, all I wanted to know was who's going to end up with that money. That's all I wanted to know. And I mean, the US number, 13 trillion, 14 trillion, it's just outlandish.