They're teaching economics wrong – full interview with Ha-Joon Chang

Gary's back for one episode only. Here's what the UK Budget next week means for you, the economy and democracy.CHAPTERS(00:00) Intro(1:04) Raising taxes(04:30) UK government debt situation(09:12) Transfer of wealth to rich(13:22) Why aren’t they taxing the rich?(18:40) The elites don’t care(26:00) The death of democracy(28:32) What do you do?(31:15) Hope(33:08) Know your history(36:41) Help me get to #1

I'm wrapping things up for now. I'll be back in a few months.These are the other channels and orgs I think you should follow:Patriotic Millionaires UK's X Bold Politics with Zack Polanski's YoutubeJimmyTheGiant's Youtube Meditations of an Anxious Mind's YoutubeForest Jar's Insta Anna Bocca's YoutubeBarry's Economics's YoutubeLouisa Munch's TiktokNovara Media's YoutubeUnlearning Economics's YoutubePunters Politics's YoutubeChloe Swarbrick's Insta Ha Joon Chang's Website👕 GET THE T-SHIRT on our shop.–––––––––––CHAPTERS(00:00) Intro (00:24) Why I’m stopping(03:08) My predictions(04:34) The rise of anti-immigrant rhetoric(07:28) We’ve had massive growth(10:08) Who you should follow(13:45) Why this is important(15:23) What’s next?

Labour refuse to acknowledge and deal with the rising tide of inequality in the UK. Will this doom them to fail, or can we get through to them?👕 TAX WEALTH NOT WORK t-shirt: https://shop.garyseconomics.org/(00:00) Intro (03:20) How they view the world(10:00) Why they won’t listen to me(24:20) They’re stuck in a bubble(26:50) Reform are the reckoning(30:35) Is Labour doomed to fail?(32:12) My message to Labour MPs

Is the Labour government failing to change anything because of bad choices – or because the economic situation makes them powerless to act?👕 TAX WEALTH NOT WORK t-shirt available here: https://shop.garyseconomics.org/––––––––What Gary talks about in this episode:(00:00) Intro(01:13) Labour just unlucky?(04:22) Could they have fixed it?(06:50) Are they incompetent?(08:30) The centre is failing globally(11:14) They don’t understand economics(13:58) The real problem(18:00) Demand for change is unstoppable(19:20) Collapse of the Roman Empire(20:14) What new idea will win? (25:35) Fascism and poverty(26:15) What do you do?(28:18) My message to the intellectual class(30:23) What is really happening

Is the UK unique in its housing crisis and expanding wealth inequality? How can we win a wealth tax? How do you convince working people to get behind green policies?Gary meets MP and co-leader of the New Zealand Green Party Chlöe Swarbrick. (00:00) Intro(02:01) Who is Chloe Swarbrick?(05:43) New Zealand’s economy(10:00) Wealth inequality in NZ(14:24) Wealth taxes globally(15:35) How do we win?(20:00) The Murdoch strategy(21:50) Chloe’s advice to Gary(25:56) Anti-immigrant politics(29:20) Coal miners and green politics(31:13) How to win public support(34:49) Are you hopeful?

The next four years in British politics will be turbulent. Here is what the markets are predicting. And what I think will happen.(00:00) intro(00:15) What are the odds?(04:15) Is the betting market wrong?(06:20) Trend to populist right(07:49) Labour’s position(09:05) Will Keir Starmer be replaced?(09:42) Labour will rebrand(11:35) How Labour could win(13:35) Labour and immigration (14:23) Can the Conservatives win?(16:39) The Liberal Democrats(17:18) The Greens and Zack Polanski(20:50) How Reform could be defeated (26:35) Centrists: my message to you(28:03) The left: how you can win(32:28) What will happen if Farage wins(36:28) The slide towards extremism(38:28) Reform voters: my message to you

I made millions of pounds betting on economic destruction. Here's how I did it. How you could do it too. But also why it doesn't matter if your aim is to change anything politically.(00:00) Intro(03:14) Trading is economic forecasting(09:30) Being right when others are wrong(15:45) Identify one thing people are wrong about(17:15) Why I love trading(19:03) What good traders do(21:41) I don’t care about your opinion(23:09) Counter-trend trading(25:17) The downsides of trading(28:28) You can’t change things as a trader(30:35) Trading sucks up all the talent(31:58) Is trading economic analysis?(33:30) The worst economists(36:17) Trading is meritocratic(40:00) Why this matters for politics(42:52) Politicians won’t listen to me(44:05) What can we do?(46:40) What I am hopeful about

In times of crisis people are desperate for stories to explain why their lives are getting worse. This is why storytelling is the most important – but most ignored – aspect of politics right now. The far right offer a simple story, repeated over and over: it's the immigrants. The Trumps and Farages of the world are surging on the back of this simple, effective storytelling. What can liberals and the left learn from this? Can we come up with a better story?Chapters(00:00) Intro(03:02) Who decides what is salient or not?(08:29) The importance of storytelling(10:20) People need stories in times of crisis(14:55) The best storytellers take power(17:35) Citizen journalists on social media are powerful(22:29) Tell simple messages(23:22) What our story needs to be(25:22) WHY the far right is winning

We're winning the wealth tax argument in the media: more and more people support the idea. But what would a wealth tax actually look like and would do we implement it? Is it even workable?

The economy is made up of real resources, and the people who produce and own them. Money is different. Money is supposed to represent these real things, but it often fails to. Focusing too much on money – and interest rates and monetary policy – blinds us to how the economy actually works. Gary explains why this is so important if we want to change anything.–––––––––––Support us: we're making progress in our campaign to convince MPs and the public to tax wealth not work. Gary's been meeting MPs, Lords, political influencers, broadcasters and heads of think tanks every week – and momentum is growing behind wealth taxes as we head towards the autumn Budget. We need your help to keep doing this work. Support us on Patreon and you'll also get exclusive access to live Q&As with Gary and early access to content. All donations go to our not-for-profit company. Thanks:https://patreon.com/garyseconomics–––––––––––Chapters(00:00) Intro(01:47) The obsession with interest rates(03:56) How monetary policy failed in 2008(06:05) Know your medieval history(06:55) People confuse money for real resources(07:24) Money printing during COVID(08:20) Why don't we just make more money?(10:21) You need more real resources(11:27) Redistribution of resources(12:46) Money is different for the individual and the state(13:24) Resources are rapidly flowing to the rich–––––––––––Further resources to understand money:'What is money?' https://www.youtube.com/watch?v=_gcNMu40jqs 'Burning money' https://www.youtube.com/watch?v=lYjKycq0CYI'The devaluation of money' https://www.youtube.com/watch?v=So484-4VbxI