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If we're divided on immigration we'll lose the fight against wealth inequality

September 17, 2025
Wealth Inequality Enough is Enough Tax Wealth Not Work Economics of Covid Rich get Richer Poor get Poorer Economics Explained Tax the Rich End Austerity Billionaire Poverty
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I<00:00:00.240> I<00:00:00.400> live<00:00:00.560> near<00:00:00.880> Canary<00:00:01.199> Wolf<00:00:01.439> and<00:00:01.600> there's

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I I live near Canary Wolf and there's

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I I live near Canary Wolf and there's there's<00:00:02.000> one<00:00:02.080> of<00:00:02.159> these<00:00:02.320> migrant<00:00:02.720> hotels<00:00:03.520> near

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there's one of these migrant hotels near

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there's one of these migrant hotels near where<00:00:03.840> I<00:00:04.080> live<00:00:04.400> in<00:00:04.640> Canary<00:00:04.960> Wolf<00:00:05.200> and<00:00:05.600> um<00:00:06.319> my

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where I live in Canary Wolf and um my

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where I live in Canary Wolf and um my cameraman<00:00:07.040> told<00:00:07.200> me<00:00:07.359> there<00:00:07.520> was<00:00:07.600> one<00:00:07.680> of<00:00:07.759> these

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cameraman told me there was one of these

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cameraman told me there was one of these protests<00:00:08.400> the<00:00:08.639> other<00:00:08.720> day.<00:00:08.960> I<00:00:09.120> went<00:00:09.280> down

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protests the other day. I went down

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protests the other day. I went down after<00:00:09.599> I<00:00:09.679> shot<00:00:09.840> the<00:00:10.000> YouTube<00:00:10.320> and<00:00:10.719> um<00:00:12.080> I<00:00:12.320> went

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after I shot the YouTube and um I went

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after I shot the YouTube and um I went there<00:00:12.639> to<00:00:12.800> this<00:00:12.960> hotel<00:00:13.200> and<00:00:13.440> there<00:00:13.679> was<00:00:14.000> there

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there to this hotel and there was there

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there to this hotel and there was there was<00:00:14.320> the<00:00:14.480> protesters<00:00:14.960> on<00:00:15.120> one<00:00:15.280> side<00:00:15.519> and<00:00:15.759> there

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was the protesters on one side and there

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was the protesters on one side and there was<00:00:16.000> the<00:00:16.160> counterprotesters<00:00:16.800> on<00:00:16.960> the<00:00:17.119> other

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was the counterprotesters on the other

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was the counterprotesters on the other side<00:00:18.320> and<00:00:18.880> um<00:00:19.600> yeah<00:00:19.840> to<00:00:20.000> be<00:00:20.080> honest<00:00:20.480> it<00:00:20.640> was<00:00:20.800> as

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side and um yeah to be honest it was as

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side and um yeah to be honest it was as you<00:00:21.039> say<00:00:21.199> George<00:00:21.439> you<00:00:21.520> know<00:00:21.760> it's<00:00:22.000> two<00:00:22.160> groups

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you say George you know it's two groups

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you say George you know it's two groups of<00:00:22.480> people<00:00:22.800> stand<00:00:23.039> on<00:00:23.199> opposite<00:00:23.519> sides<00:00:23.680> of<00:00:23.840> the

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of people stand on opposite sides of the

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of people stand on opposite sides of the road<00:00:24.720> pointing<00:00:25.039> at<00:00:25.199> each<00:00:25.279> other<00:00:25.359> and<00:00:25.519> calling

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road pointing at each other and calling

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road pointing at each other and calling each<00:00:25.920> other<00:00:26.080> names<00:00:26.640> and<00:00:27.119> um

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each other names and um

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each other names and um I<00:00:29.279> worried<00:00:29.840> when<00:00:30.080> I<00:00:30.320> saw<00:00:30.480> that<00:00:30.720> that<00:00:30.880> that<00:00:31.119> was

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I worried when I saw that that that was

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I worried when I saw that that that was a<00:00:31.439> little<00:00:31.519> bit<00:00:31.599> of<00:00:31.760> the<00:00:31.920> vision<00:00:32.320> of<00:00:32.480> of<00:00:32.719> the

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a little bit of the vision of of the

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a little bit of the vision of of the future<00:00:33.040> of<00:00:33.200> this<00:00:33.440> country.<00:00:34.000> Um,

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future of this country. Um,

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future of this country. Um, you<00:00:35.920> know,<00:00:36.239> I'm<00:00:36.480> an<00:00:36.640> economist,<00:00:37.200> right?<00:00:37.680> And<00:00:37.840> I

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you know, I'm an economist, right? And I

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you know, I'm an economist, right? And I stick<00:00:38.239> to<00:00:38.399> economics.<00:00:38.879> I'm<00:00:39.120> not<00:00:39.200> an<00:00:39.360> expert<00:00:39.600> on

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stick to economics. I'm not an expert on

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stick to economics. I'm not an expert on immigration.<00:00:40.399> Um,<00:00:40.640> I<00:00:40.879> think<00:00:40.960> I<00:00:41.200> think<00:00:41.280> the

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immigration. Um, I think I think the

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immigration. Um, I think I think the primary<00:00:41.840> economic<00:00:42.719> concern<00:00:43.280> is<00:00:44.079> is<00:00:44.399> growing

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primary economic concern is is growing

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primary economic concern is is growing wealth<00:00:44.879> inequality.<00:00:45.280> I'm<00:00:45.440> very<00:00:45.520> confident<00:00:45.840> on

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wealth inequality. I'm very confident on

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wealth inequality. I'm very confident on that.<00:00:46.480> But<00:00:46.559> I<00:00:46.719> think<00:00:46.800> if<00:00:47.039> people<00:00:47.280> such<00:00:47.520> as

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that. But I think if people such as

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that. But I think if people such as yourself,<00:00:48.000> George,<00:00:48.239> want<00:00:48.399> there<00:00:48.480> to<00:00:48.559> be<00:00:48.640> low

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yourself, George, want there to be low

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yourself, George, want there to be low rates<00:00:49.039> of<00:00:49.200> immigration,<00:00:49.680> you've<00:00:49.840> got<00:00:49.920> every

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rates of immigration, you've got every

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rates of immigration, you've got every right<00:00:50.239> to<00:00:50.399> say<00:00:50.480> that<00:00:50.640> and<00:00:50.800> you've<00:00:50.879> got<00:00:51.039> every

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right to say that and you've got every

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right to say that and you've got every right<00:00:51.360> to<00:00:51.520> believe<00:00:51.760> that.<00:00:52.239> Um,<00:00:52.559> and<00:00:52.719> I<00:00:52.960> do

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right to believe that. Um, and I do

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right to believe that. Um, and I do worry<00:00:53.920> that<00:00:54.160> this<00:00:54.399> growing<00:00:54.640> division<00:00:55.039> is

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worry that this growing division is

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worry that this growing division is going<00:00:55.360> to<00:00:55.440> tear<00:00:55.680> our<00:00:55.920> country<00:00:56.079> apart<00:00:56.399> and<00:00:56.640> it's

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going to tear our country apart and it's

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going to tear our country apart and it's going<00:00:56.960> to<00:00:57.120> prevent<00:00:57.440> people<00:00:57.680> like<00:00:57.840> me<00:00:58.079> from

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going to prevent people like me from

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going to prevent people like me from from<00:00:58.640> getting<00:00:58.879> the<00:00:59.039> change<00:00:59.199> that<00:00:59.359> I<00:00:59.520> need.<00:01:00.079> And

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from getting the change that I need. And

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from getting the change that I need. And what<00:01:00.480> that<00:01:00.640> will<00:01:00.800> mean,<00:01:01.039> George,<00:01:01.680> is<00:01:01.840> that

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what that will mean, George, is that

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what that will mean, George, is that people<00:01:02.320> like<00:01:02.480> you<00:01:02.719> and<00:01:03.039> people<00:01:03.199> like<00:01:03.440> your

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people like you and people like your

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people like you and people like your kids<00:01:04.640> will<00:01:04.879> suffer<00:01:05.199> very<00:01:05.519> much<00:01:05.680> economically.

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kids will suffer very much economically.

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kids will suffer very much economically. And<00:01:06.720> and<00:01:06.799> and<00:01:07.200> I<00:01:07.280> worry,<00:01:07.520> and<00:01:07.840> you<00:01:08.000> know,<00:01:08.240> this

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And and and I worry, and you know, this

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And and and I worry, and you know, this is<00:01:08.479> what<00:01:08.640> keeps<00:01:08.799> me<00:01:08.880> up<00:01:08.960> at<00:01:09.119> night,<00:01:09.280> to<00:01:09.439> be

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is what keeps me up at night, to be

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is what keeps me up at night, to be honest,<00:01:09.840> George.<00:01:10.240> How<00:01:10.479> do<00:01:10.560> I<00:01:10.720> convince<00:01:11.040> the

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honest, George. How do I convince the

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honest, George. How do I convince the public?<00:01:11.600> This<00:01:11.760> is<00:01:11.840> my<00:01:12.080> country,<00:01:12.479> you<00:01:12.560> know,

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public? This is my country, you know,

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public? This is my country, you know, and<00:01:12.880> I<00:01:13.040> I<00:01:13.200> don't<00:01:13.360> hate<00:01:13.520> people<00:01:13.680> on<00:01:13.840> either<00:01:14.080> side

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and I I don't hate people on either side

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and I I don't hate people on either side of<00:01:14.320> that<00:01:14.479> road.<00:01:14.720> You<00:01:14.799> know,<00:01:14.880> I'm<00:01:15.040> not<00:01:15.119> an

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of that road. You know, I'm not an

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of that road. You know, I'm not an expert<00:01:15.439> in<00:01:15.600> immigration,<00:01:16.000> and<00:01:16.159> I'm<00:01:16.479> probably

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expert in immigration, and I'm probably

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expert in immigration, and I'm probably never<00:01:16.960> going<00:01:17.119> to<00:01:17.200> be.<00:01:17.520> Um,<00:01:18.640> but<00:01:18.880> I'll<00:01:19.040> tell<00:01:19.119> you

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never going to be. Um, but I'll tell you

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never going to be. Um, but I'll tell you this<00:01:19.439> one<00:01:19.600> thing<00:01:19.759> right<00:01:20.000> now.<00:01:20.799> If<00:01:21.040> the

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this one thing right now. If the

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this one thing right now. If the ordinary<00:01:21.600> hardworking<00:01:22.080> people<00:01:22.240> of<00:01:22.400> this

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ordinary hardworking people of this

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ordinary hardworking people of this country<00:01:23.200> allow<00:01:23.520> themselves<00:01:23.840> to<00:01:24.000> be<00:01:24.159> divided

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country allow themselves to be divided

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country allow themselves to be divided on<00:01:24.720> this<00:01:24.880> issue,<00:01:25.520> then<00:01:25.759> the<00:01:25.920> current<00:01:26.159> state<00:01:26.320> of

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on this issue, then the current state of

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on this issue, then the current state of play<00:01:26.720> will<00:01:26.880> continue,<00:01:27.360> which<00:01:27.600> is<00:01:27.759> rich<00:01:28.000> people

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play will continue, which is rich people

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play will continue, which is rich people getting<00:01:28.479> richer<00:01:28.799> and<00:01:28.960> richer<00:01:29.200> and<00:01:29.360> richer<00:01:29.680> and

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getting richer and richer and richer and

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getting richer and richer and richer and richer<00:01:30.320> while<00:01:30.560> workingass<00:01:31.200> people<00:01:31.439> get

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richer while workingass people get

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richer while workingass people get poorer<00:01:31.920> and<00:01:32.079> poorer<00:01:32.320> and<00:01:32.560> poorer.<00:01:32.960> So<00:01:33.200> listen,

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poorer and poorer and poorer. So listen,

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poorer and poorer and poorer. So listen, George,<00:01:33.680> I<00:01:33.759> got<00:01:33.920> every<00:01:34.079> respect<00:01:34.240> for<00:01:34.320> you<00:01:34.479> and

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George, I got every respect for you and

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George, I got every respect for you and your<00:01:34.799> opinions<00:01:35.119> and<00:01:35.280> and<00:01:35.520> I<00:01:35.759> would<00:01:35.920> encourage

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your opinions and and I would encourage

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your opinions and and I would encourage all<00:01:36.400> the<00:01:36.560> people<00:01:37.119> who<00:01:37.360> oppose<00:01:37.759> you<00:01:37.920> to<00:01:38.079> to

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all the people who oppose you to to

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all the people who oppose you to to resist<00:01:38.720> that<00:01:38.880> temptation<00:01:39.280> to<00:01:39.439> point<00:01:39.680> fingers

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resist that temptation to point fingers

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resist that temptation to point fingers and<00:01:40.079> call<00:01:40.320> names<00:01:40.960> because<00:01:41.280> listen,<00:01:41.840> if<00:01:42.079> the

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and call names because listen, if the

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and call names because listen, if the people<00:01:42.320> of<00:01:42.479> this<00:01:42.720> country<00:01:42.880> are<00:01:43.040> divided,<00:01:43.680> then

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people of this country are divided, then

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people of this country are divided, then they<00:01:44.079> will<00:01:44.240> lose,<00:01:44.640> right?<00:01:44.880> So<00:01:45.200> you're<00:01:45.360> going

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they will lose, right? So you're going

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they will lose, right? So you're going to<00:01:45.520> need<00:01:45.600> each<00:01:45.759> other