{"podcast":{"title":"The Peter McCormack Show","slug":"the-peter-mccormack-show-525419","podcast_index_feed_id":525419,"rss_url":"https://feeds.acast.com/public/shows/69d4f193b76468caacc5068f","website_url":"https://www.petermccormack.com/","image_url":"https://assets.pippa.io/shows/69d4f193b76468caacc5068f/show-cover.jpg","author":"Peter McCormack","episode_count":1075,"summary":"The Peter McCormack Show - politics, macro, Bitcoin and AI, long-form interviews. Twice-weekly conversations about money, power, and the shifts reshaping the next decade. Peter McCormack interviews politicians, economists, investors, journalists, founders and Bitcoiners. Past guests include Liz Truss, Lyn Alden, Curtis Yarvin, Matt Goodwin, Mike Green, Balaji Srinivasan, Rupert Lowe, Firas Modad, Scott Horton, Jeff Booth, Connor Leahy, Andrea Miotti, Neema Parvini, Dr Tim Gregory and Simon Dixon. Recurring threads: the debt and inflation endgame, UK political collapse and what comes after, Reform and the populist wave, the Middle East and the American war machine, AI safety and the race for superintelligence, energy and net zero, Bitcoin adoption and policy, and the slow-motion decline of Western institutions. Long-form - most episodes run 60 to 120 minutes. New episodes 2 to 3 times per week. Video on YouTube and Spotify. Host: Peter McCormack, a retired rapper from Bedford, UK, trying to understand this crazy world. Hosted on Acast. See acast.com/privacy for more information.","last_synced_at":"2026-07-31T06:19:00.527164+00:00","page_url":"https://stenobird.com/podcast/the-peter-mccormack-show-525419"},"episode":{"title":"#178 - Malcolm Offord - We Forgot How to Create Wealth","slug":"178-malcolm-offord-we-forgot-how-to-create-wealth","published_at":"2026-05-25T16:59:22+00:00","page_url":"https://stenobird.com/podcast/the-peter-mccormack-show-525419/178-malcolm-offord-we-forgot-how-to-create-wealth","show_page_url":"https://stenobird.com/podcast/the-peter-mccormack-show-525419","url":"https://shows.acast.com/the-peter-mccormack-show/episodes/178-malcolm-offord-why-britain-stopped-creating-wealth","audio_url":"https://sphinx.acast.com/p/open/s/69d4f193b76468caacc5068f/e/6a147db083dd9b6e1148d88d/media.mp3","summary":"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 Wealth 00:01:01 - Two Revolutions at Once 00:01:36 - Is Democracy Fragmenting? 00:05:36 - Is the State Too Dysfunctional to Deliver? 00:07:30 - Spending More and Getting Less 00:08:42 - Scotland’s Political Warning 00:10:06 - “I Won’t Vote for Decline” 00:11:22 - Britain Has Stopped Creating Wealth 00:13:21 - How to Think vs What to Think 00:16:50 - Why First Jobs Matter 00:23:12 - Business Prevention Officers 00:27:14 - Trickle-Up Economics 00:30:34 - QE Protected the Rich 00:37:31 - The Managerial Class 00:40:48 - Parliament vs the Public 00:44:42 - Why Voters Are Fed Up 00:50:28 - Can Reform Fix the System? 00:55:05 - Welfare Economy vs Wealth Economy 00:58:37 - 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_Offord SPONSORS › IREN - https://www.iren.com › LEDN - https://www.ledn.io/peter - - - - - - - - - - - - - - - - - - - - - - - - - - -…","meta_description":"Lord Malcolm Offord joins me to discuss why Britain and Scotland have stopped creating wealth. They discuss state spending, political fragmentation, Scotl…","key_points":[],"chapters":[],"topics":[],"duration_seconds":3994,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/the-peter-mccormack-show-525419/episodes/178-malcolm-offord-we-forgot-how-to-create-wealth/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/the-peter-mccormack-show-525419/178-malcolm-offord-we-forgot-how-to-create-wealth.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}