#178 - Malcolm Offord - We Forgot How to Create Wealth

Lord Malcolm Offord joins me to discuss why Britain and Scotland have stopped creating wealth.They discuss state spending, political fragmentation, Scotland’s elections, Adam Smith, The Wealth of Nations, QE, the Bank of England, first jobs, minimum wage, small businesses, quangos, the managerial class, Reform, the Greens, America, and whether Britain needs a welfare economy or a wealth economy.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -TIMESTAMPS:00:00:00 - Britain Forgot How to Create Wealth00:01:01 - Two Revolutions at Once00:01:36 - Is Democracy Fragmenting?00:05:36 - Is the State Too Dysfunctional to Deliver?00:07:30 - Spending More and Getting Less00:08:42 - Scotland’s Political Warning00:10:06 - “I Won’t Vote for Decline”00:11:22 - Britain Has Stopped Creating Wealth00:13:21 - How to Think vs What to Think00:16:50 - Why First Jobs Matter00:23:12 - Business Prevention Officers00:27:14 - Trickle-Up Economics00:30:34 - QE Protected the Rich00:37:31 - The Managerial Class00:40:48 - Parliament vs the Public00:44:42 - Why Voters Are Fed Up00:50:28 - Can Reform Fix the System?00:55:05 - Welfare Economy vs Wealth Economy00:58:37 - Can the State Get Any Bigger?01:04:34 - Britain Is Being Left Behind- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -CONTACT PETE› Website – http://petermccormack.com› Feedback – https://www.petermccormack.com/contact› Email – me@petermccormack.com› Instagram – /mccormack555› X/Twitter – https://x.com/petermccormack/CONNECT WITH MALCOLM OFFORD› Twitter – https://x.com/Malcolm_OffordSPONSORS› IREN - https://www.iren.com› LEDN - https://www.ledn.io/peter- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -LISTEN / SUBSCRIBE› Apple Podcasts: https://apple.co/40ruY9K› Spotify: https://spoti.fi/3Wc94Vu› Fountain: https://bit.ly/FountainPM› YouTube: https://bit.ly/YouTube_PM› Rumble: https://bit.ly/RumblePMFILMED BY CURTIS TAYLOR› https://www.curttaylor.co.uk/› https://x.com/curttayloruk/EDITED BY CONOR MCCORMACK› https://x.com/ConorM04- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Hosted on Acast. See acast.com/privacy for more information.