Do rich people really create all the jobs? - Richard Murphy

29th July 2025

We're constantly told that the wealthy are society’s great entrepreneurs.

Without them, we’re told, there would be no jobs, no business, no innovation.

In this eighth video in our series on wealth, I explain why that’s a myth.

The rich don’t create. They're not entrepreneurs. They preserve, protect and hoard instead. It’s time to stop believing their PR myths.