Unveiling the Trading Game: Gary Stevenson's Confession to Economic Inequality
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EP 293 - Gary is a former trader and now inequality economist who’s known for becoming Citibank’s most profitable trader in 2011 by predicting there would be an increase in economic inequality. Since then, he left trading and now campaigns for solving inequality. Gary joins us to talk about his debut book The Trading Game: A Confession We talk about Gary's transition from the trading floor to being a critic of economic inequality and wealth concentration. We discuss systemic economic issues, the societal and psychological impact of the wealth gap, the need for fair wealth distribution and how we can achieve it. From proposing international taxes to addressing socio-economic implications, we break down the complexities of wealth distribution, take a look into the world of billionaires and trading, and explore Gary’s advocacy for a deeper common understanding of economics. Chapters: 00:00 Andy’s Opening Confession  02:20 Welcome to BWB 03:41 Meet Gary: From Trader to Equality Campaigner 04:37 Global Economy and Wealth Inequality 06:59 Dynamics of Wealth and Taxation 09:42 Personal Stories and the Impact of Background 11:02 The Trading World: A Closer Look 15:11 Unhappiness Among the Wealthy 22:15 Structural Problems of Capitalism and Taxation 33:27 Exploring Solutions to Wealth Inequality 36:36 Impact of Wealth Hoarding on Society 37:39 Psychological Aspects of Wealth and Status 38:04 Personal Reflections on Wealth and Privilege 38:22 Influence of Wealth on Opportunities and Happiness 39:07 Misconceptions of Wealth and Success 43:32 Exploring the Roots of Inequality and Its Solutions 48:19 Ramifications of Growing Inequality 55:40 Reflections on Wealth and Happiness 59:55 Advice and Insights from a Former Trader 01:02:14 Navigating the Publishing and YouTube Worlds 01:03:15 Quickfire Round: Getting to Know Gary 01:05:18 Gary's top tip for entrepreneurs businesswithoutbullshit.me Follow us: YouTube Instagram TikTok Linkedin Twitter If you'd like to be on the show, get in contact - [email protected] BWB is powered by Oury Clark
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