Thought this was a good talk. Seems like it'd be good to clip this and spread it to normies. Poor, working class guy who became an investor/gambler at Citibank just after the 2008 financial crisis and talks about how mainstream economists and papers like The Guardian can be wrong economically over and over and they don't even know or remember that their predictions are wrong! Overall interesting conversation though.
Has good commentary on the housing crisis, COVID, Ukraine, etc. all being massive funnels for wealth upward and the rich are all buying actual physical assets with the money they're being given while the poor and working have been fucked by it. Wish normies would get it, that given small taxes to the workers and then big tax cuts to the rich makes the workers poorer than they were before because money isn't resources, it's access to resources and the rich keep winning with inflation while we keep getting poorer.
This is a super-interesting interview. I recognise a lot of what this guy is saying, in what the economists like Varoufakis or Wolff are saying. Unless people realise "there's more of us and we can set the rules", capitalism is going to evolve in this dystopian high-tech feudalism.
I find it funny that World Economic Forum (Klaus Schwab gang) was actually saying the same in their infamous "You will own nothing, and you will be happy" article, where they suggested a "happy" future where the rich/corporations own everything, including your toothbrush you have on loan from them. I find this massively ironic, since all the capitalist-bros were freaking out how socialist/communist economies are supposed to end up that way. Instead, this ended up being literally the trajectory of capitalist system.