3d • General discussion
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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
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