You understand the economy better than economists do
March 04, 2025
Wealth InequalityEnough is EnoughTax Wealth Not WorkEconomics of CovidRich get RicherPoor get PoorerEconomics ExplainedTax the RichEnd AusterityBillionairePoverty
when you watch the economics analysis on
the<00:00:02.200> news<00:00:02.720> it's<00:00:02.879> so<00:00:03.560> difficult<00:00:03.679> to<00:00:04.120> understand
the news it's so difficult to understand
we've<00:00:05.120> kind<00:00:05.319> of<00:00:05.560> like<00:00:05.839> punished<00:00:06.279> people<00:00:06.560> we've
we've kind of like punished people we've
told<00:00:06.919> them<00:00:07.080> like<00:00:07.279> you<00:00:07.480> are<00:00:07.640> not<00:00:07.799> allowed<00:00:08.120> to
told them like you are not allowed to
have<00:00:08.400> opinions<00:00:08.960> on<00:00:09.080> the<00:00:09.240> economy<00:00:09.840> because<00:00:10.040> you
have opinions on the economy because you
can't<00:00:10.400> do<00:00:10.559> math<00:00:10.840> and<00:00:10.960> you're<00:00:11.080> stupid<00:00:11.759> this<00:00:11.880> is
can't do math and you're stupid this is
why<00:00:12.320> people<00:00:12.519> feel<00:00:12.759> like<00:00:12.920> they<00:00:13.080> can't<00:00:13.559> have
why people feel like they can't have
opinions<00:00:14.080> on<00:00:14.240> the<00:00:14.360> economy<00:00:14.719> and<00:00:14.839> you<00:00:14.920> know
opinions on the economy and you know
this<00:00:15.160> is<00:00:15.360> I<00:00:15.480> think<00:00:16.000> one<00:00:16.160> of<00:00:16.279> the<00:00:16.440> things<00:00:16.800> which
this is I think one of the things which
I<00:00:17.439> would<00:00:17.640> like<00:00:17.840> to<00:00:18.199> achieve<00:00:19.199> is<00:00:19.600> making<00:00:20.039> people
I would like to achieve is making people
feel<00:00:21.600> like<00:00:21.880> empowered<00:00:22.600> like<00:00:22.800> they<00:00:22.920> have<00:00:23.119> the
feel like empowered like they have the
right<00:00:24.080> to<00:00:24.400> speak<00:00:24.720> about<00:00:24.920> the<00:00:25.080> economy<00:00:25.480> and<00:00:25.599> be
right to speak about the economy and be
listened<00:00:26.080> to<00:00:26.760> and<00:00:27.519> Ordinary<00:00:27.960> People<00:00:28.160> to<00:00:28.279> have
listened to and Ordinary People to have
the<00:00:28.519> right<00:00:28.679> to<00:00:28.960> say<00:00:30.039> it's<00:00:30.359> it's<00:00:30.519> getting<00:00:30.759> worse
the right to say it's it's getting worse
for<00:00:31.160> me<00:00:31.279> and<00:00:31.400> my<00:00:31.560> family<00:00:32.399> I<00:00:32.480> think<00:00:32.680> people
for me and my family I think people
often<00:00:33.200> think<00:00:33.440> that<00:00:33.559> I<00:00:33.719> hate<00:00:34.239> bankers<00:00:34.840> and<00:00:35.000> rich
often think that I hate bankers and rich
people<00:00:36.280> but<00:00:36.600> um<00:00:37.160> I<00:00:37.280> don't<00:00:38.040> if<00:00:38.120> there's<00:00:38.280> a<00:00:38.360> group
people but um I don't if there's a group
of<00:00:38.640> people<00:00:38.800> that<00:00:38.920> I<00:00:39.000> can't<00:00:39.160> stand<00:00:39.399> it's<00:00:39.600> these
of people that I can't stand it's these
economists<00:00:40.719> driving<00:00:41.079> up<00:00:42.079> wall<00:00:42.719> and<00:00:42.840> you<00:00:42.960> know
economics is not a physical science
there's<00:00:44.879> no<00:00:45.000> way<00:00:45.120> for<00:00:45.239> me<00:00:45.360> to<00:00:45.559> go<00:00:46.160> and<00:00:46.280> do<00:00:46.440> an
there's no way for me to go and do an
experiment<00:00:47.440> and<00:00:47.559> say<00:00:47.840> here<00:00:48.079> let's<00:00:48.480> let's<00:00:48.640> run
experiment and say here let's let's run
the<00:00:49.000> co<00:00:49.280> economy<00:00:49.719> again<00:00:50.399> but<00:00:50.559> with<00:00:50.719> taxation
the co economy again but with taxation
on<00:00:51.280> the<00:00:51.399> rich<00:00:51.920> and<00:00:52.039> show<00:00:52.320> how<00:00:52.480> living
on the rich and show how living
standards<00:00:53.120> do<00:00:53.359> better<00:00:53.520> we<00:00:53.600> can't<00:00:53.760> do<00:00:53.960> that
standards do better we can't do that
physical<00:00:54.680> experiment<00:00:55.120> all<00:00:55.239> we<00:00:55.359> can<00:00:55.480> do<00:00:55.600> is
physical experiment all we can do is
predict<00:00:56.640> and<00:00:56.920> that<00:00:57.039> is<00:00:57.199> why<00:00:57.440> Banks<00:00:58.000> pay
predict and that is why Banks pay
millions<00:00:58.680> of<00:00:58.800> pounds<00:00:59.000> a<00:00:59.120> year<00:00:59.239> to<00:00:59.320> good
predictors because that's the best way
to<00:01:01.600> tell<00:01:01.760> who<00:01:01.879> is<00:01:01.960> a<00:01:02.079> good<00:01:02.199> Economist<00:01:02.760> because
to tell who is a good Economist because
we<00:01:03.000> can't<00:01:03.120> do<00:01:03.280> physical<00:01:03.640> experiments<00:01:04.519> and<00:01:04.640> it
we can't do physical experiments and it
drives<00:01:05.080> me<00:01:05.320> mad<00:01:05.920> that<00:01:06.080> these<00:01:06.240> economists<00:01:06.680> who
make policy and protect policy that
protects<00:01:09.520> them<00:01:09.880> and<00:01:10.119> their<00:01:10.360> class<00:01:10.720> and<00:01:10.840> the
consistently out predicts them they
won't<00:01:16.159> even<00:01:16.280> listen<00:01:16.479> to<00:01:16.640> them<00:01:17.080> it<00:01:17.200> drives<00:01:17.479> me