The Asset Economy

"I call it this is because asset prices have increased enormously in the last 30 years and wages have only increased a bit we have moved into a new kind of economy where increasingly the work that you do is not really that important for determining how rich you are, increasingly the only thing that matters is how many assets your family has"

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SOCIAL MEDIA:

Performed by Gary Stevenson
GARYSECONOMICS

Produced by Simran Mohan
MOHAN MEDIA

TIMESTAMPS
0:00 - Introduction to The Asset Economy
1:19 - Family Help
4:50 - Rich Hoarding Assets
6:08 - Assets Become Unaffordable
8:18 - The Position for Older People
11:30 - A Message for Young People
13:50 - Individuals vs Collective
16:00 - How to Protect Your Wealth

[josephasghar]

This is sounding very much like a polite incitement to revolution. As a parent, I very much approve.

[njscorney]

I have been struggling for years to find an economics perspective that rings true. Yours is it Gary. Thank you so much.

[emiliaerle]

Finally a take on economy from the standpoint of working and dispossessed people. Thank you for creating this content

[nathanielroach]

I've been collecting and reading books about inequality since around 2014, but I am poor and have lived in public housing most of my life. No-one around me ever seems interested in engaging in these issues, and I guess because of my position in life not many people listen to what I have to say. Although I get a lot of personal satisfaction studying these issues, I feel like I have been investigating this stuff in a vacuum. It is so refreshing to hear this information coming from someone people might actually listen to. It's also been helpful to consolidate some of my own knowledge. You put things in a way that is easy to understand and relate to. When I saw you on that BBC panel I felt represented. Thank you.

[Pikey]

This resonates massive with me, especially the comments on mental health. My wife and I grew up within working class families but were told if you study hard at school and work, you can have a better life. You fast forward to us now in our late 20's, two people STEM PhD educated and both earning double the national average salary and we're lightyears from ever achieving assets. I slowly came to your realisation about the asset economy throughout the pandemic and I became a very moody, bitter and cynical person because I thought I was sold a lie. Slowing working through this as I know it's just the cards we were dealt unfortunately. I don't know if things will change in our life time, but hopefully when we have kids that get to our age, they might be in a better position. Thanks again Gary

[photonpattern]

Dude, you are blowing my mind with how much this resonates with how the economy 'feels' rather than how we were told it works. I was feeling smug about my huge mortgage being inflated away, but this makes me think that my 'sell the house' retirement plan might not work out so well for our daughter. The truth hurts. All of the government interventions that have enriched the already rich: 'Never let a good crisis go to waste' - Winston Churchill

[adamlasry]

Im 60 years. Divorced. Close to retirement . I own 2 houses. Was thinking of selling one to enjoy my retirement abroad. Now, I’m thinking about my 2 kids who are just finishing uni. I will not sell my properties. Will pass them on to my kids. I will ask my kids to give me £500 each a month to live in a cheaper Mediterranean country.

[johnwright]

"How can wealth persuade poverty to use its political power to keep wealth in power? This is the whole art of Conservative politics in the 20th century." Aneurin Bevan.

[Grace-jbme]

Gary is the best. Every time I hear him speak I feel validated and learn a little more about the current state of the economy/world order. Cheers from the USA!

[kennedyjames]

Brilliant. I’m not an economist but I’ve come to similar conclusions over the past 60 years, especially past 20, that we are returning to a form of feudalism, in many ways not just economic.
My daughter is graduating in Engineering this year, good salary, and we have nothing to offer by way of assets. She will be watching your videos as she starts her career once her exams are over.

Thank you!!!

Keep up your work. You deserve a Nobel Prize in Economics for what you are doing. Not sure if the brave new world will recognize you for it, but I do.

[playpianotoday]

What a super intelligent person. He also has the gift of making a very dry subject extremely interesting. I’m so pleased I found this channel 😊

[adriano]

It’s sad to see that even the rich developed countries are becoming more and more like Brazil, where I’m from, the most unequal country in the world. And It’s all due to politics, also because politicians are the ultimate “assets” of the super-rich. Your channel is great, keep it up! 👊🏼

[anthonydavinci]

The Elite Rich own the government. Nothing will change in this system. Gary is a Hero of Humanity. Gary has my UTMOST RESPECT.

[bigtree]

Imagine how much better things would be if we had people like Gary in our politics

[BR-gzcv]

Gary is speaking truth to power- we all need to listen and take steps to help ourselves, our families, our communities OWN their assets and protect our wealth. I’ve shared Gary’s videos with several friends- and young members of my family as they start their careers… it’s life changing advice.

[LokiBeckonswow]

gary your rhetoric is so on point dude, you give me hope, can't wait to see your message continue to grow to the point of restoring balance to taxation systems, thanks for your work dude

[gertieriemer]

All of what you say is so true. We are near retirement age and sold our larger, family home last year, using the proceeds to help our 2 daughters get a leg up towards assets of their own. It was possible because we downsized. An asset like a home means security and possibly can even help generate more income besides the usual job. We still live modestly and will hopefully be able to help them some more if times get worse. I wish this could be the case for many more people in your age group. It's important to help each other any way we can.

[zoedenese]

Gary, I’m going to continue to spread your message for the future of my son. I’m a HCA for the NHS and I’m going to do my very best to hold on to my mortgaged house for him!

[paulkaz]

Hi Gary, heard about you listening to the James O'Brien show this morning when one of his callers gave you a mention. You explain things very clearly and I'm suddenly seeing the light! What you say makes so much sense and doesn't bode well for the future. Many young people growing up today may never own a home (asset) unless they get help from the bank of mum and dad. Things look grim.

[jezlawrence]

Key message: young people, it's not in your head. ITS NOT IN YOUR HEAD.

You should be kicking off politically (as should we all, on your behalf) before you have to kick off physically.