#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.

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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

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