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GAMESTOP: Former trader says don't get excited, few will actually benefit - Gary on AJ+

Garys Economics@garyseconomics2.4K viewsFeb 3, 20212:52
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Better late than never! Here is an upload of a social media video Gary made with AJ+ (part of the Al Jazeera Media Network) ORIGINAL LINK: twitter.com Uploaded 30/01/2021 Uploaded with permission from AJ+ ajplus.net SOCIAL MEDIA: WEBSITE - wealtheconomics.org TWITTER - @garyseconomics FACEBOOK - garyseconomics INSTAGRAM - garyseconomics GARY'S ARTICLES: www-express-co-uk.cdn.ampproject.org theguardian.com cityam.com opendemocracy.net opendemocracy.net nationalobserver.com MORE VIDEOS: COVID-19 MONEYFLOW THEORY - youtu.be COVID-19 RICH GETTING RICHER - youtu.be VIDEO FROM: AJ PLUS - twitter.com STOCK FROM: Joe Woods on Unsplash Prodcued by Hangda Zhang AJ+ Spoken by Gary Stevenson GARY'S ECONOMICS Uploaded by Simran Mohan MOHAN MEDIA

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Gary Stevenson discusses the current dynamic where markets appear to surge while ordinary workers struggle, a pattern he describes as not only unequal but deeply intertwined with policy actions. He argues that when governments inject money into the economy, the immediate beneficiaries are typically asset owners, including stockholders and real estate holders, while wage growth for everyday workers remains stagnant. The video emphasizes that monetary stimulus tends to accumulate wealth among the rich rather than broadly lifting the middle and lower classes, creating a trap where money sits idle with those who have assets benefiting most. Stevenson warns viewers not to expect riches from online investment communities or meme-driven stock activity, noting that a large majority of casual traders lose money and that professional investors often exploit regulatory frameworks. He also calls for structural reforms, including higher taxes on the wealthiest to fund broader societal needs, arguing that continued monetary expansion without reform will fuel more volatility in stock markets. The overall message is cautious and systemic: meaningful change requires policy shifts that align incentives away from destabilizing speculation toward sustainable growth and fair taxation, rather than hoping for individual windfalls from volatile markets.

Topics · Finance · Economics · Stock Market · Wealth Inequality · Taxation Policy · Public Policy

Questions answered

Why does Gary suggest that most ordinary people will not become wealthy from stock market activity related to GameStop and similar events?
Because, as he explains, monetary stimulus tends to flow to asset owners and the wealthy, while wages for average workers stay flat, and only a small group of professional investors consistently profit from market moves.