Gary Stevenson on Wealth Inequality and Falling Living Standards

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“What you have here is a long-term systemic transfer of wealth away from middle classes, away from rich governments and towards a small super rich elite.”- Gary Stevenson” To coincide speak with the release of Oxfam’s Davos report , we speak with Gary Stevenson , who became a millionaire by betting that ordinary people’s living standards would keep falling while wealth piled up at the top. Gary explains why economists repeatedly failed to predict the post-2008 crisis , why low interest rates didn’t lead to prosperity for ordinary people, and how a systemic transfer of wealth from the middle class to a small super-rich elite has reshaped the global economy to the detriment of everyone bar…