Steven

I'll defer to you guys on that. You know, I'm not a businessman. I'm an economist. That's what I am. You know, I made my money by being an economist. I'm a very, very good economist. My predictions will be right. People can go and watch my predictions at the beginning of COVID. I predicted the entire COVID crisis exactly correctly in May 2020. You know, this is, you know, I'm good at this.

And listen, I'm never going to come here and say I'm a better businessman than you. I'm pretty sure that I'm not. I'm a very, very, very good economist.

And listen, I'm never going to come here and say I'm a better businessman than you. I'm pretty sure that I'm not. I'm a very, very, very good economist.

100%, 100%. Because you know, and I'm sure you know, if you're average British or American, if you don't do that, you're not going to be able to turn the heating on. You have to do it. You have to do it. And I've never once, and I think my opinions are often mischaracterised as being anti-ambition. You've read my book. Do you think I'm anti-ambition? No.

100%, 100%. Because you know, and I'm sure you know, if you're average British or American, if you don't do that, you're not going to be able to turn the heating on. You have to do it. You have to do it. And I've never once, and I think my opinions are often mischaracterised as being anti-ambition. You've read my book. Do you think I'm anti-ambition? No.

I work my tits off to make money, and I want every single young person in this country to be able to make money if they want to, if that's what they want to work towards. But we've created a society where it's almost impossible for young... Listen, I've been there. I've been at LSE. I've been at Oxford. I've been in the city. I've been in the media. I've been in politics.

I work my tits off to make money, and I want every single young person in this country to be able to make money if they want to, if that's what they want to work towards. But we've created a society where it's almost impossible for young... Listen, I've been there. I've been at LSE. I've been at Oxford. I've been in the city. I've been in the media. I've been in politics.

All of the guys at the top are a bunch of rich idiots. We are not allowing these smart kids from ordinary backgrounds to get into those spaces. Why do we pretend we're not doing that?

All of the guys at the top are a bunch of rich idiots. We are not allowing these smart kids from ordinary backgrounds to get into those spaces. Why do we pretend we're not doing that?

Do you think that starting a business... is a realistic high success probability chance of ordinary poor people becoming rich.

Do you think that starting a business... is a realistic high success probability chance of ordinary poor people becoming rich.

Is that a thing that our viewers can do and most of them will end up rich?

Is that a thing that our viewers can do and most of them will end up rich?

There's a really interesting stat that says globally around 65% of ultra high net worth individuals are self-made. Approximately 19% primarily inherited their wealth and about 16% inherited wealth, but significantly grew it through their own ventures. So 65% of the ultra high net worth individuals globally are self-made.

There's a really interesting stat that says globally around 65% of ultra high net worth individuals are self-made. Approximately 19% primarily inherited their wealth and about 16% inherited wealth, but significantly grew it through their own ventures. So 65% of the ultra high net worth individuals globally are self-made.

Does that not mean that if I want to become an ultra high net worth person, it's going to come down to...

Does that not mean that if I want to become an ultra high net worth person, it's going to come down to...

Listen, we are just come off the back of the golden age of capitalism when ordinary people like my dad, you know, I grew up in Ilford. It's in East London. It's a very immigrant area. Most of my friends I grew up with come from Pakistani Indian immigrant backgrounds. They came over with nothing. They worked really hard. They made money. They had their own assets.

Listen, we are just come off the back of the golden age of capitalism when ordinary people like my dad, you know, I grew up in Ilford. It's in East London. It's a very immigrant area. Most of my friends I grew up with come from Pakistani Indian immigrant backgrounds. They came over with nothing. They worked really hard. They made money. They had their own assets.

We had a period where ordinary people could make money and could make wealth. So obviously we are now in a period where there are rich people who made money during that period. But it's over now.