Economist and former Citibank trader Gary Stevenson has sparked a debate on social media regarding the myth that hard work alone can lead to financial success. Stevenson argues that the system inherently disadvantages those from less privileged backgrounds, challenging the common narrative of meritocracy.
His discussions highlight the role of privilege and luck, not just effort, in achieving wealth, based on his personal journey from poverty to millionaire status and subsequent critique of the financial system.
Since 2020 he’s been running a YouTube channel, GarysEconomics, explaining to his many subscribers how the rich have grabbed everyone else’s money.
He was born in Ilford in east London: “I grew up in a tiny little bedroom. I had one drawer under my bed with everything I owned in it. I’m not good at owning shit, I’m not good at decorating shit, I’m good at talking about economics.”
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Related: Gary Stevenson: The economist exposing the right-wing playbook
