The Economy Is Rigged for Billionaires — ft. Gary Stevenson
5/7/20261 hr 2 min
Gary Stevenson, former trader turned economist and inequality activist, joins Scott to discuss why wealth inequality is accelerating across the West. They unpack the rise of the billionaire class, why the middle class is shrinking, and whether wealth taxes, estate taxes, and stricter tax enforcement could reverse the trend. Gary argues that modern economies increasingly reward ownership over work — and warns that younger generations are on track to become poorer than their parents. Also, friendly reminder that we're live on Substack. Subscribe at profgmedia.com to get ad-free versions of all our podcasts, the full archive of Scott’s newsletters, and exclusive content including deep dives, livestream conversations, and subscriber Q&As. Learn more about your ad choices. Visit podcastchoices.com/adchoices
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Transcript preview
First 90 secondsSpeaker 00:00
Are your ad campaigns lighting up the dashboard, but not the pipeline? That's bull spend, and marketers are calling it out in [typewriter] Dashboard Confessions.
Speaker 10:09
My boss asked for results, so I opened my dashboard for the only positive-sounding metric I had, impressions.
Speaker 00:16
Cut the bull spend. See revenue, not just reach. LinkedIn delivers the highest return on ad spend of major ad networks. Advertise on LinkedIn. Spend two hundred and fifty dollars on your first campaign and get a two hundred and fifty dollar credit. Go to linkedin.com/campaign. Terms and conditions apply.
Speaker 20:29
Showing live sports at your business shouldn't be complicated. With EverPass, you get access to premium live sports your customers need. No workarounds, just the games they want. EverPass, built for business.
Speaker 30:40
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Scott Galloway· Host1:11
[ on-hold music] Episode three hundred and ninety-five. Three hundred and ninety-five is the area code belonging to Jalisco, Mexico. In 1995, the PlayStation launched globally. I had a Mexican girlfriend, and I should have known she had a drinking problem. When I asked her what her favorite book was, she said, "Tequila Mockingbird."