The REAL Reason Life Is About To Get Harder
A billionaire investor who predicted the dot-com crash and the 2007 housing collapse says it’s “perfectly reasonable” for his own children and grandchildren to consider leaving the United States.
Steven asks: for the average person listening right now, what is the most important thing they need to know? Jeremy Grantham’s answer is blunt: brace yourself for tougher times ahead. Life for the last 10 to 20 years has already been harder than people expected. It is likely to get worse. Housing is more expensive, rents are higher, and jobs are getting scarcer.
Steven then asks: should they be thinking about the country they live in? Grantham pauses and says: absolutely. When pressed on which countries he wouldn’t recommend, he declines to answer directly but then says he wouldn’t recommend the United States because the social contract is dissolving.
Discover:
• Why a billionaire says the American social contract is dissolving
• How US maternal mortality is 50% worse than the next worst developed country
• Why Norway had zero mothers die in childbirth while America had 21 per 100,000
• The specific countries he recommends instead (Denmark, Japan, France, Germany)
• Why he says it’s “perfectly reasonable” for his kids to consider leaving America
• How corporations went from community builders to “cold-blooded profit maximizers”
• The single most important measure of civilization according to a billionaire
• Why “no help is coming” and what you should do about it right now
📺 Watch the full episode here – https://youtu.be/32u5T6lO8qk
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@SoniaOBrien-v1j
August 5, 2026 at 1:03 am
I agree with all except that the less advanced countries are not record keepers on deaths. If a baby dies in a village in these places.. no records. If records are kept, they are inaccurate. Many women don't even go to hospitals to birth.
@Happycamper52880
August 5, 2026 at 1:03 am
Excellent interview. Grantham is a legend.
@joannehubbs6207
August 5, 2026 at 1:03 am
Grantham isn't a US citizen. He can take his opinions right back to Britain. Our country is good enough for him to plop his ass down in Boston and enjoy the riches of our country. Don't worry though he "has got his and for his family." Hypocritical.
@Vantage-c5q
August 5, 2026 at 1:03 am
He has the sickness.. look at him.
He is one of them .
@nooch8it197
August 5, 2026 at 1:03 am
Sounds like he lives in a left leaning city
@bw7337
August 5, 2026 at 1:03 am
The ppl voted for it. It started a long time ago, I've been watching since a child. Your leaders politicians corporate educational and religion will lie cheat steal kill and even start wars for more money and power. You all have been voting and paying for it. Love is your only answer. Mankind should work to provide for all of mankind because they love mankind. But yet they work for money not each other. Money is a drug you get a little and want more and more money who cares about other ppl. As long as you have your crack…… oops sry I mean money. Money is mankind's strongest enemy. Mankind loves money and the ppl with all the money more than each other. It's what your vote really goes for the same thing you pay for. Lol enjoy the ride destruction is coming.
@lacharmer441
August 5, 2026 at 1:03 am
Yikes, Japan – not true, the people are so controlled and if they are not obedient they are shunned. No thank you! 40% of the people living in Tokyo live alone! They discourage being social, you can’t eat on the streets you can’t even sit on public stairs. No trash cans and no places for elderly to sit or rest.
@richardprice5664
August 5, 2026 at 1:03 am
This guy is a moron…..
@ryansgale22
August 5, 2026 at 1:03 am
How Obese and unhealthy are those women in America giving birth? The Cheeseburger and Fries is the killer.
@joshuahoward3337
August 5, 2026 at 1:03 am
Visit Japan, you’ll understand. Everyone has a tremendous amount of respect for each other.
@ucanon2662
August 5, 2026 at 1:03 am
Like Charlie Kirk…majority of 4 year degrees are worthless and expensive…trade schools are more beneficial than a 4 year degree.
As for the social contract in the U.S., I agree, it has been failing. You can thank liberal beliefs and brainwashing liberals with DEI, BLM, WOKE, LGBTQIS…and so in has harmed the society as a whole. Liberal politicians and liberal media is the main problem.
@beagleboy111
August 5, 2026 at 1:03 am
The Problem in the USA is now instead of your Neighbour helping grow vegetables to survive in hard times, they will be killing you to steal them.
@DashDrone
August 5, 2026 at 1:03 am
Amazing how this is America of the present and not the past. We should ask how this happened and change not accept this as how it has to be. I'll bet there are lots of folks in the audience who understand how this happened.
@TheInformedLoiterers
August 5, 2026 at 1:03 am
Australia we are divided & fucked entirely
@koschmx
August 5, 2026 at 1:03 am
The way maternal mortality is counted includes women who have recently given birth and subsequently die from health complications. That is important information, but it isn't necessarily an indictment of the maternity-care system and I'm not finding any data on national US number of maternal deaths by income.
We can know that cardiovascular disease, obesity-related complications, and substance abuse are significant contributors to maternal deaths in the U.S. If we want to understand the difference between countries, we should separate those factors from deaths directly attributable to failures in maternity care.
If the purpose of the exercise is simply to produce another statistic showing Americans how badly their country compares, because of your hang ups about wealth, don't be surprised when it doesn't create the social consciousness or institutional trust needed to actually improve the situation. You're comparing to a handful of countries based on an assumption. That's the reason it's compare "to other wealthy countries". On a global scale, the US does not have a particularly high rate and it's unreasonable to expect a country to be #1 at every metric.
If people here want to help their medical industry, Europeans should petition their governments to force their own medical companies to trade fairly with the people in the USA. We know that they can't regulate their own prices for medication there, because its a low trust society. People in the EU should maybe do something other than constantly criticise Americans and talk about how great they are. Check the statistics on how many Americans think the USA is #1. They got the message a long time ago and you're telling this an abysmally low trust society. That's not not a social contract problem. What you're doing is something like trying to sell a used car by talking about how everything in it is broken and all the foreign alternatives are better.
I noticed that people in countries with better statistics omit the things they are not better at. USA scores way better in Breast Cancer screening than Germany does. If i brow beat a german with this stat, what do you think the likelihood is that he's gonna be all demoralised and telling me I'm so right that the social contract is broken here and this country needs a radical reform?
@zzospreyzz55
August 5, 2026 at 1:03 am
America is s good place to make money currently. It's a terrible place to keep it and raise a family though. I'm not sure I would call America's economy capitalism though. Cronyism, for sure. Heading to fascism.
@discotex2236
August 5, 2026 at 1:03 am
Rubbish! The USA (N. America) is the shiny spot on the planet now and into the future, especially for raising children (not the big cities). Everywhere except maybe SE Asia is headed for very dark times ahead. America still has a relatively good birth rate, rule of law and much less regulation, (rebuilding manufacturing, cheap energy) and freedom than Europe. Watch all the money pour into America when times get tough. Japan, Europe good places to move to? Those are the worst ideas! He's a socialist billionaire with ridiculous stats. Ex. Women don't die giving birth in Europe because so few have babies they get an incredible amount of attention! Yes, America has it's problems, but it's the best house on a really bad street.
@風にまかせて
August 5, 2026 at 1:03 am
日本に来てください。
日本社会は、西欧的な契約思想に基づいてはいません。
お互いを支え合うのは当然だという文化です。
@AlanWaits-v9u
August 5, 2026 at 1:03 am
I still cannot believe that you gave JD VANCE a soap box on your show. He is about as two faced as they come. And I have never voted because they are all incredibly disgusting people.
@thehifiheadroom
August 5, 2026 at 1:03 am
get out of debt, buy a secret lair far far away from the rabble and their lordships and live a glorious life away from the inbreds and mayhem … fresh ground and brewed cuban coffee anyone? with fresh baked croissants made with real flour and 83% butter…
@robertnewell1277
August 5, 2026 at 1:03 am
When people throw out statistics like the pregnancy mortality rates of the US vs other countries, you have to ask WHY? There are many reasons for the disparity between the US and Norway with regard to mortality rates during pregnancy. For example, drug addiction during pregnancy is a big problem in the US, epidemic in many areas, 8% nationwide, vs 0.1% in Norway. Teen pregnancy carries higher risks, with 12 teen pregnancies per 1000 in the US, vs 1.28 per 1000 in Norway. Obesity carries higher risks, with 30-40% of women in the US vs 13% of women in Norway. Plenty of other examples of people making poor decisions that they didn’t make 60-70 years ago. Why? And btw, socialized, DMV style healthcare would undoubtedly make mortality rates significantly worse, not better! Our socialized public school system has already been a disaster for more than a half century, despite spending more on K-12 education than nearly every other industrialized country. Sure, we need to make significant changes in our healthcare system, too many problems to mention here. But socialism is not the answer. ✌️
@hammonas
August 5, 2026 at 1:03 am
In maternal mortality, obesity plays a large factor. Our food in America is also terrible compared to other countries.
@ResearchwithTanya
August 5, 2026 at 1:03 am
I am an American and I am so so tired of people especially people who called themselves "experts" This Bull-ish that he is talking is so flawed. How can you compare the amount of mother's death during pregnancy to countries who do not have 1/3 of our population than the US? UK 242 women died during pregnancy with total population of about 70million which includes England, Scotland, Wales, and Northern Ireland; Then he stated Nigeria population 247million they have the worst death rate for pregnant women at 993-1050 women deaths that is recorded and more than 50 Percent of these cases are home births due to lack of healthcare so we don't even know what the real numbers are. Let put this into prospective all of these countries he mention can actual fit into one of our states. Which is not a fair comparison. Stop bashing America! Half these countries around the world don't have light, water, food, yes we complain but when we get together and vote we make a difference. Oh we going to run away from American and go where to the UK where there is no Air-Conditioning. LOL
@elizabethv7411
August 5, 2026 at 1:03 am
Great guest
@casteiner30
August 5, 2026 at 1:03 am
Ha! Denmark again. Love the “move to Denmark” argument. A country with the population of Houston, TX.
@saysthetedd
August 5, 2026 at 1:03 am
The interviewer is arrogant and cocky. Why do so many people like this show?
@Suemack24
August 5, 2026 at 1:03 am
Finland? Iceland? Norway for the great outdoor life and fuel profits shared by all.
@Suemack24
August 5, 2026 at 1:03 am
💯 community social responsibility. Living in Japan in 1990s it reminded me of life in the 60-70s in Australia.
@jfree111
August 5, 2026 at 1:03 am
Can we all just agree that Trump has ruined this country? THere has been absolutely no progress. Golden Statues? A ball room? a gaudy arch? WTF have we made better, besides corruption? Thanks MAGA. Dummies.
@ChatGPT1111
August 5, 2026 at 1:03 am
Pretty racist not listing a single African, Muslim or Latino country as desirable to live in.
@Veteran_Nerd
August 5, 2026 at 1:03 am
The video features veteran investor and market historian *Jeremy Grantham* discussing macroeconomic structural risks, the fraying American social contract, and the challenges facing ordinary workers. While Grantham's core critique touches on very real systemic issues, several of his sweeping claims require critical deconstruction.
### 1. The Claim: US Maternal Mortality is "50% Worse Than the Next Worst" Developed Country
* *The Critique:* Grantham highlights a staggering gap in maternal mortality, stating the US is not only last in the developed world but 50% worse than the runner-up. While the US does have a severe and well-documented crisis in maternal mortality compared to peer nations (particularly for women of color, as he accurately notes), the specific numerical comparisons across international borders are heavily skewed by **methodological inconsistencies**.
* *The Nuance & Context:* Different countries record live births, fetal deaths, and maternal mortality indicators using vastly different criteria. For instance, the CDC utilizes a pregnancy checkbox on death certificates that dramatically increased the capture of maternal deaths compared to European nations that rely on stricter, narrower clinical classifications. Even when adjusting for these statistical discrepancies, the US still underperforms economically peerless nations due to systemic healthcare disparities, high costs, maternity care deserts, and deep socioeconomic inequalities.
### 2. The Claim: The US Social Contract Has Dissolved Into "Screw Everybody Else"
* *The Critique:* Grantham paints an overly dystopian picture of the United States as an entirely atomized, cutthroat landscape devoid of community solidarity or corporate civic responsibility.
* *The Nuance & Context:* While American hyper-capitalism, weak labor protections, and a frayed social safety net create immense economic precarity—especially for the bottom quartiles—this view completely overlooks the robust tradition of grassroots community organizing, mutual aid networks, and local philanthropy deeply embedded in American society. The critique holds structural truth regarding corporate behavior and public policy failures, but it caricatures the daily lived reality and civic engagement of millions of Americans.
### 3. Economic Pessimism and the "Perma-Bear" Frame
* *The Context:* Grantham is a legendary market historian famed for calling major asset bubbles (such as 2000 and 2008). His warnings to "brace yourself" and move away from speculative mania align with his long-standing investment philosophy. However, blanket declarations that the US is inherently a "bad place to live" ignore structural economic resilience, wage growth for lower-income brackets during tight labor markets, and massive regional variance in cost of living and quality of life.
—
## TL;DR
* *What Grantham Says:* The US social contract is collapsing, economic mobility is shrinking, corporate America is purely extractive, and the safety net (highlighted by poor maternal health outcomes) is deeply broken, making life significantly harder for average workers.
* *The Reality Check:* His macro-critiques of US wealth inequality, healthcare gaps, and structural precarity are largely accurate. However, his international metric comparisons are exaggerated by reporting discrepancies, and his blanket dismissal of American society ignores robust community-level solidarity and resilience.
@Wrensan
August 5, 2026 at 1:03 am
Thank you
@loriesoliwoda-truong
August 5, 2026 at 1:03 am
Japan is collectivist, like many Asian cultures, but the US is individualist – I hear what he is saying but people, even from Japan, sought to live in the US…not Japan. Our way of life cannot be that off putting ….look at our borders a few months back – that was not the happening at the border of Japan, et al.
@Wrensan
August 5, 2026 at 1:03 am
America is so depressing
@ChatGPT1111
August 5, 2026 at 1:03 am
A little insulted by his insinuations. I am in Florida and actually have stored enough food for not only me but also all my neighbors 2 houses in every direction, plus I have extra first aid, solar power kits and basic supplies for all my immediate neighbors.
@JonnyBeoulve
August 5, 2026 at 1:03 am
He makes stupid points. Down voted.
@joetejada1184
August 5, 2026 at 1:03 am
He is right. Since inflation my neighbors attitude have been slowly changed for the bad, doing things they usually don’t do and a wise one only observe.
This from Los Angeles C.A
The worst times brings out the worst in people, it’s scary to wonder what would happen if a collapse being around these same people
@Philippe-o4h
August 5, 2026 at 1:03 am
If it s about getting rich it s hard to insane if it s for having a healthy mind and body kind of happiness not easy but a way more better idea.
@geraldclancy1714
August 5, 2026 at 1:03 am
4.44
@JohnHookham-u3e
August 5, 2026 at 1:03 am
the Japanese pick up the litter after a soccer match, would any other nationality? they have a social responsibility to others.
@KINGDOM_LX
August 5, 2026 at 1:03 am
Boomers
@alicegilbert4186
August 5, 2026 at 1:03 am
America let's make a new religion. Let's call it To Do Good.
@Yinzer808
August 5, 2026 at 1:03 am
We are not coming back from this.
Just remember the story of the woman who took a wheelbarrow full of fiat currency to a store and someone stole her wheelbarrow and left the currency.
We are arriving at that point folks. All these old folks think theyre going to flash a 20$ bill around to get what they want during hard times and a whole new generation of youths are going to take over and look at them like they are crazy….