We often treat extremely wealthy individuals as if they have a deeper understanding of how the world works.

But there is a structural reason to question that assumption.

As wealth increases, people become less exposed to many of the constraints and trade-offs that shape everyday life.

Research in behavioural science suggests that people rely heavily on their own experience when forming judgments.

At the same time, studies on power indicate that increased influence can change how people interpret others and the world around them.

This episode looks at the neuroscience of power, the psychology of wealth, and why the people we treat as authoritative voices may be working from a very different version of reality.

I’m Barry Ferns – a comedian whose personal journey through failure, homelessness, and rebuilding led me to explore the socio and behavioural economics of inequality.This channel digs into how systems of power shape our identity, behaviour, and beliefs, and how we can shift the stories we tell ourselves and each other about poverty, inequality, and who’s to blame.How to Support Barry’s EconomicsHelp us stay independent and keep making videos like this.https://www.buymeacoffee.com/barryseconomics https://ko-fi.com/barryseconomics https://www.patreon.com/barryseconomicsFollow and leave a review for future videos!Sign-up to mailing list: https://barryferns.co.uk/You can also follow me on Tiktok: tiktok.com/@barryseconomicsInstagram: instagram.com/barryseconomicsTwitter: twitter.com/barryseconomicsSubstack: https://substack.com/@barryseconomicsReddit: https://www.reddit.com/user/barryferns/If you’re new to this, check out Gary's Economics first – his channel gives the structural and financial perspective. This one adds the lived, social and emotional side.Support Gary's Wealth Tax Campaign Here: https://buy.stripe.com/dRm4gs9Nl1L6eqWbUydjO00Want to see the stand-up side of all this?Find my live comedy and storytelling here:https://www.youtube.com/@mrbarryfernsTo learn more about my comedy club, Angel Comedy, and buy tickets for shows head here: https://www.angelcomedy.co.uk/

We Treat Billionaires Like Oracles. Here's Why That's Wrong - Barry's Economics

Barry's Economics