Gary Stevenson: Why Left and Right Economic Policies Are Doomed to Fail

Gary Stevenson, a former Citibank trader turned inequality expert, delivers a hard-hitting two-part series exposing why both left- and right-wing economic policies are bound to fail. After making a fortune predicting economic downturns, Stevenson realized that rising inequality is the root cause of economic dysfunction. Now, he’s breaking down how mainstream policies—regardless of political affiliation—fail to address this growing crisis.

In Part 1, Stevenson dissects Labour’s economic approach, which he calls “managed sensibilism.” Their plan? Borrow a little more, tax a little more, and invest a little more—an approach that economists praise but one that has already failed in the U.S. and Germany. While GDP growth and unemployment figures look strong, ordinary people are struggling with rent, bills, and even food. The real issue is inequality—and Labour, like Biden’s Democrats, is ignoring it.

Instead of taxing the wealthy, Labour will either borrow from them—an increasingly difficult task—or raise taxes on working people, making living standards even worse. And with the UK in a much weaker borrowing position than the U.S., their strategy is set to fail even faster. The rich continue to absorb wealth like a black hole, while the middle class shrinks and the poor fall deeper into financial despair.

This episode lays the groundwork for Part 2, where Stevenson will examine the right-wing economic model and why it, too, is destined to collapse.

Watch now and join the discussion—are Western economies trapped in a cycle of failure, or is there a real way forward?

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