"The worst thing that the rich ever did to the poor" | Gary Stevenson and Abby Innes
3,188How is economics, as a field, responsible for our current predicament, and our failure to do anything about it?
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Once Citibank's top trader, Gary Stevenson now campaigns to highlight wealth inequality. In 2021 he was one of 30 millionaires to sign an open letter calling on Prime Minister Rishi Sunak to increase taxes on the rich. Join Gary Stevenson for an in-depth conversation on why the powerful often gain increasingly more power, and how we can restructure our economy and society to prevent this.
#economy #economics #inequality #rich #poor
00:00 Introduction
00:13 The state of economics
02:28 Political economy
03:31 How do financial markets think about poverty?
04:59 Our spiritual problem
05:59 The worst thing that the rich ever did to the poor
06:16 The history of homo economicus
07:58 How we overcome selfishness
Gary Stevenson is a British economist, former financial trader, and YouTuber known for his economic analysis and activism against economic inequality. Interviewed by Abby Innes, an Associate Professor of Political Economy in the European Institute at the LSE. She is the author of Czechoslovakia: The Short Goodbye (Yale University Press, 2001) and Late Soviet Britain: Why Materialist Utopias Fail (Cambridge University Press, 2023).
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