Gary Stevenson: Why I gave up making millions as a City trader to fight wealth inequality

Full Disclosure with James O'Brien

Global

Society & Culture

4.6 • 3.5K Ratings

🗓️ 1 March 2024

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

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Summary

At 21 years old, Gary Stevenson joined Citibank as its youngest trader. Three years later, he became the bank's most profitable trader by betting on the collapse of the economy. He went from living in his parents' two-bed terrace in east London to earning millions. But it didn't feel right to make money betting on disasters. So, he quit, leaving his dream job in the City to campaign on the issue of wealth inequality. He tells James why our obsession with money is destroying the things that matter. Gary's new book, The Trading Game: A Confession is out on 5th March.

Transcript

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0:00.0	Look at him go.
0:01.5	He's a quality striker.
0:02.8	No, not him.
0:03.7	The electrician fixing those lights.
0:05.5	Wow.
0:06.2	Is he?
0:06.9	Yes, he uses QuickBooks to prepare for self-assessment.
0:10.3	This is truly game-changing.
0:12.9	Use QuickBooks year-round to ensure your income tax return is shock-free.
0:17.0	That's how you business differently.
0:18.9	Into its QuickBooks.
0:22.1	This is a Global Player Original podcast.
0:31.8	Hello and welcome to full disclosure, a podcast project that is conceived entirely to let me spend more time with interesting people than I would ever get on the radio.
0:40.2	And this week's guest is a bit special.
0:42.0	Gary Stevenson, who is the author of a new book called The Trading Game and who also hosts a very popular YouTube channel, Gary's Economics.
0:49.4	You're here because people told me I should interview you.
0:52.0	Well, that's good. Thanks for them.
0:53.0	It's nice, isn't it?
0:53.9	So getting quite a lot of messages,
0:55.5	because we try and make sense of essentially economic inequality
0:59.8	on the radio program.
1:01.5	And I noticed over the last couple of years,
	...

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