The new conversation with Steve is LIVE right now 🔥 Energy is the blind spot almost every economic model still pretends does not exist. Steve walks through the 1-for-1 lock between energy and GDP, why AI may never scale the way the hype claims, and why he thinks the Hunger Games outcome is more likely than the optimistic one. This one has to be a must watch so watch it right now! Drop your take in the comments on YouTube and let’s get this in front of as many people as possible tonight.

Keir Starmer just became the sixth UK prime minister to resign without finishing his term. Every headline asks what he did wrong. Steve says that is the wrong question. Think about it: six prime ministers, left and right, all promised to fix the economy and all failed the same way. When that many people fail at the same task, the problem is not the people. It is something underneath them, and it is private debt. 😬 Everyone watches government debt. But private debt, what households and businesses owe, is what actually drives crises. In Britain it sat under 60% of GDP for a century, then trebled to 180%, pouring into housing and shares while wages stalled. That squeeze is what keeps breaking prime ministers. This video is worth your 20 minutes 👉 https://www.youtube.com/watch?v=TzvAtOOfhuo&views

My friend and colleague Simon Michaux joined the course today, and in the discussion after my lecture on Ravel, he told us of his work to quantify the minerals needed to create a non-fossil fuel based economy. The bottom line is that the minerals needed far exceed our current output of minerals, and in many cases exceed the minerals available in the Earth's crust. He agreed to share his Excel file with us, and I hope over time he'll also port his data and analysis to Ravel, where it will be far more transparent than in Excel, even given the care Simon has taken to make the data auditable.

When I started watching this interview I thought I’d disagree with everything he would say, but instead to my surprise I found Paul very humble and sympathetic person. And the only point I don’t agree with is his rejection of UBI because of high implementation cost. One question I expected by Lex is the Job Guarantee which is part of MMT. I think it would have been very interesting. https://youtu.be/OJQepiqSWvg

Hey guys, feel free to check out the masterclass recording and slides for week 6 as they are now available. Have a great weekend Rebels!