Rory Sutherland explains why the wealth exodus is draining the UK

Added: 2026-06-03

[00:00:00]UK's second in the world for millionaire exits in 2024.

[00:00:03]>> To be honest, very rich people aren't that bothered about being able to vote because they only get one vote, which is the same as the teacher down the street.

[00:00:10]Why would I want something I can't have more of than somebody else?

[00:00:13]>> Yeah. The super rich don't give a about democracy, okay? Because they can capture power using money >> Yep. rather than using rights.

[00:00:20]>> Yep.

[00:00:20]>> look at Dubai, which has done a fantastic job of effectively saying, "We're just going to make this place unbelievably attractive for wealthy people to live here in terms of low taxes, very low crime rate. You have cheap labor, which rich people really love." In other words, you get lots of people doing stuff for you, so the service industry is a fantastic. It doesn't surprise me, by the way, that actually very rich people are often quite drawn to authoritarian spaces because they don't suffer the downside, but they can profit from the upside.