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Gary Stevenson: Why Left and Right Economic Policies Are Doomed to Fail

Gary Stevenson, a former Citibank trader turned inequality expert, delivers a hard-hitting two-part series exposing why both left- and right-wing economic policies are bound to fail. After making a fortune predicting economic downturns, Stevenson realized that rising inequality is the root cause of economic dysfunction. Now, he’s breaking down how mainstream policies—regardless of political affiliation—fail to address this growing crisis.

In Part 1, Stevenson dissects Labour’s economic approach, which he calls “managed sensibilism.” Their plan? Borrow a little more, tax a little more, and invest a little more—an approach that economists praise but one that has already failed in the U.S. and Germany. While GDP growth and unemployment figures look strong, ordinary people are struggling with rent, bills, and even food. The real issue is inequality—and Labour, like Biden’s Democrats, is ignoring it.

Instead of taxing the wealthy, Labour will either borrow from them—an increasingly difficult task—or raise taxes on working people, making living standards even worse. And with the UK in a much weaker borrowing position than the U.S., their strategy is set to fail even faster. The rich continue to absorb wealth like a black hole, while the middle class shrinks and the poor fall deeper into financial despair.

This episode lays the groundwork for Part 2, where Stevenson will examine the right-wing economic model and why it, too, is destined to collapse.

Watch now and join the discussion—are Western economies trapped in a cycle of failure, or is there a real way forward?

#Economics #Politics #Inequality #GaryStevenson #WealthInequality #FinancialCrisis #MiddleClassCrisis #CostOfLiving #RichGetRicher #EconomicJustice #TaxTheRich #WealthDistribution #GlobalEconomy #UKPolitics #USPolitics #EconomicGrowth #GovernmentFailure #MoneyMatters #PoliticalEconomy #IncomeDisparity #SocialJustice

Neither my matriarch or patriarch grandparents used any #banks in their entire lives - they never trusted banks. They only kept cash & gold assets, hidden away in multiple spots. My matriarch grandparents buried lots of their funds. Same with my patriarch grandparents - they also kept #cash under floorboards & other secret spots in the home. I'm kinda like my ancestral grandparents, I tend to keep cash hidden away, just in case & never really trusted banks.

*looks at time* this is probably the Worst Time to send up a beg post but here's a signal for like us$100 (+tax and fees) so I can renew my walmart+ for us. I'm going to Try to do the W+ Assist route which will make it half price but if that fails.... full price I guess. (We're disabled enough and live inconveniently enough to all the walmarts in the valley that w+ is actually v handy to have and has more than paid for itself in savings.)

Cashapp $Inoru - or if you prefer venmo, toss it to @wheretherider ; just make sure the subject w+ renewal or something along those lines.

Equally relevant for people with #MEcfs in Ireland, and indeed others with #chronicillness

From Long Covid Advocacy Ireland:

For those #LongCovid patients & may not who have had to deal with prescription costs before, or claiming tax relief on health expenses, check out this page on our website.
*also includes info on items not covered on DPS/GMS
#Ireland #MoneyMatters
longcovidadvocacyireland.com/u

#CFS #PwME @longcovid

Long Covid Advocacy IrelandFinancial Pressures of Long CovidBy adminlcai