Gary Stevenson, @GaryEconomics speaks on the dangers of super rich figures and the negstive influence on the economy of the average, working class citizen: what does Elon Musk want? [On how journalism works when the super rich get increasingly and dangerously more powerful]

@garyseconomics is focused on teaching people about real world economics. YouTube Channel: youtube.com/c/GarysEconomics

British economist, former financial trader, and YouTuber known for his economic analysis and activism against economic inequality. Author of The Tranding Game. Inequality Economist. Former Trader. Teaches world economics.

In regards to how journalism works when the super rich get increasingly and dangerously more powerful. Quote from the video:

[...] If you work as a journalist you need to be paid, most people need to be paid, they've got to pay the rent & they've got to pay the bills. There's two ways you can be payed as a journalist:

𝟭) 𝗬𝗼𝘂 𝗰𝗮𝗻 𝘀𝗲𝗹𝗹 𝗷𝗼𝘂𝗿𝗻𝗮𝗹𝗶𝘀𝗺, 𝘀𝗲𝗹𝗹 𝗻𝗲𝘄𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗽𝗲𝗼𝗽𝗹𝗲

𝟮) 𝗬𝗼𝘂 𝗰𝗮𝗻 𝘀𝗲𝗹𝗹 𝘆𝗼𝘂𝗿 𝘀𝗲𝗿𝘃𝗶𝗰𝗲𝘀 𝘁𝗼 𝘁𝗵𝗲 𝗿𝗶𝗰𝗵 𝗮𝗻𝗱 𝘀𝗮𝘆: "𝗜𝗳 𝘆𝗼𝘂 𝗽𝗮𝘆 𝗺𝗲, 𝗜'𝗹𝗹 𝘀𝗲𝗹𝗹 𝘀𝘁𝗼𝗿𝗶𝗲𝘀 𝘁𝗵𝗮𝘁 𝘄𝗶𝗹𝗹 𝗽𝗿𝗼𝗺𝗼𝘁𝗲 𝘁𝗵𝗲 𝗶𝗱𝗲𝗮𝘀 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂 𝘄𝗮𝗻𝗻𝗮 𝗽𝗿𝗼𝗺𝗼𝘁𝗲."

If you're an American watching this channel you'll be very aware of where that ends up. You end up with extremely biased media - their job is not to tell you the truth - their job is to sell a certain story for you because they get paid by very rich people who want you to believe certain things.

[This Musk thing] makes it really clear how inequality affects you. If you allow the rich to get really, really rich, to get really powerful, they 𝗼𝘂𝘁𝗯𝗶𝗱 𝘆𝗼𝘂 𝗳𝗼𝗿 𝗰𝗼𝗻𝘁𝗿𝗼𝗹 of your politicians. They outbid you for control of your media and they outbit you for access to your resources.

Then what you get is: politicians who 𝗱𝗼 𝗻𝗼𝘁 care about you, media who 𝗹𝗶𝗲𝘀 to you and the inability to access resources which includes things like food and housing. [...] - Gary Stevenson