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Ha-Joon Chang is best selling author of '23 Things They Don't Tell You About Capitalism'. If you want to understand how our economic system is failing us, this is the economist to study.
In the past, some countries ? like South Korea, Britain and the US ? have used tariffs to protect and foster nascent industries, and grow rich from the results. Can America's current experiment with protectionism work out the same way?
Full conversation with Ha-Joon Chang out this Sunday.
Behind the dry statistics of the Spring Statement is a bleak reality. The Labour government is doing austerity 2.0 in the UK. Here's why ? and what you can do about it.
We've been approached by some Labour MPs who want to come on the channel ? should we let them? Let us know in the comments.
The problem is the rich are taking everything ? and the rest of us are being impoverished. But what's the solution, and how do we achieve it?
Just let your wealth compound over time and you'll get rich, the advice goes. If true, why aren't more people millionaires?
This one central idea has enabled me to correctly predict the cost of living crisis and collapse in living standards since 2008 ? as well as stock market rallies. Part 4 of Gary's Understand the Economy course.
Who actually ends up with that mortgage payment you make every month? Spoiler: it's not the bank.
Starmer (in the UK) and Trump both face the same problem ? and neither have a solution.
Gary talks to Jimmy the Giant ? and how he realised the far-right have no answers.
A house or a flat is the biggest asset most people will ever own. And prices will go up. But if the rich are taking everything else away, does owning a house really protect you from becoming poor?
Gary talks about what happened when he tried to leave Citibank. What can we learn about how rich and powerful people operate, what they want ? and how we can win the game?
Wealth inequality is surging in the UK and around the world. But economists in the media and universities are blind to it, leading to poor and misleading analysis. Why?
Part 3 of Gary's Understand the Economy course.
UK government borrowing costs spiked on Thursday with a panic in the bond markets, and the pound fell. Are we facing a new Liz Truss moment? Gary filmed an emergency video to address what's going on.
Updating you on what's happened over the past 6 months. And what'll happen in 2025.
I've been away but we're going to try to change things in 2025.
Support Gary's Economics on Patreon.
Everyone basically knows the economy is broken. The question is less and less how do we fix it, but how do we get through it. Gary talks to Robinson College, Cambridge.
My in-depth course to help you understand the economy. PART 2 What Is Wealth Inequality?
This channel started 4 years ago today. Which of my predictions came true?
"They'll leave" is the most common response in the media if you suggest a wealth tax. But will they?
Introducing my new course on economics: PART 1 What is Wealth?
Immigration isn't the biggest problem facing working class people. Don't believe the media.
There's an election coming up, and the tories are going to lose. But don't get too excited, because I don't have much hope in Labour either. Here are my thoughts.
Are investments from rich people helping our economy to grow?
Taxes pay for everything important. But I want the rich to pay more and you to pay less.
The rich own everything, but they hide it in their tax returns.
Don't believe the media hype: inflation will fall but it won't make a big difference to your life.
You could tax and burn the £700 billion given out in Covid and living standards would improve.
Compared to real assets like property, food and energy, wages in the UK have collapsed in the last 20 years ? and it's accelerating.
Want to live a life of luxury and never work again? Passive income might be the answer (disclaimer: you have to own £ millions of assets first)
Growing the economy while inequality is surging will just make the rich even richer.
How's your local high street doing? This is how inequality is reshaping our country.
Inflation has been high on the news agenda due to the cost of living crisis. When you see people talking about inflation they'll almost always be talking about the rising costs of things you buy in the shops, which is retail price inflation or consumer price inflation. But what about asset price inflation? Assets have been going up for years, and faster than goods and services, so why is that rarely mentioned?
If you look back across history, you find that inequality is the norm. After the second world war that changed, and there was a period of rising equality across the west. But rising inequality is back, unless we do something about it.
Taxes are set to reach all time highs. But if this is the case, why is the government so bankrupt? And why are public services collapsing? In this video I explain why.
The problem is ballooning wealth inequality. But what is the solution?
Economists have gotten game theory wrong for seventy years. Here's why.
Middle class families are getting poorer generation by generation. And the trend is accelerating.
Understand this and you'll understand how our economy really functions.
Gary explains how to understand interest rates ? and how these influence house prices.
Gary analyses the economy over the past 6 months. And what he expects to happen next.
Economists in central banks, government, universities and the media have done a phenomenally poor job of managing the economy over the last 20 years. Gary explains why he thinks that is.
Your money is decreasing in value all the time compared to real assets. Gary explains how to protect yourself from this currency devaluation.
We're in a strange economic situation where those in families who took on huge amounts of debt to buy houses have been massively rewarded from surging prices. Gary explains how debt is a form of ownership. And how to benefit from this.
If nothing changes and the rich continue taking all their assets, we will lose the middle class in the UK in the next 30-40 years.
Housing affects everyone, even if you don't own any. Gary explains what pushes house prices up over time. And what he expects to happen to house prices, interest rates and inflation in the coming years.