The Failure Premium: Where is the Money Going?

The Failure Premium: Where is the Money Going?

From The David McWilliams Podcast by David McWilliams & John Davis

May 5, 2026 · 42 min · Season 2026 · Episode 36

About this episode

The episode discusses the economic implications of the 'failure premium' in Ireland, exploring the inefficiencies in housing and infrastructure.

This week, Sinead O'Sullivan is back, and she's got an answer that official Ireland really doesn't want to hear. We dig into the "failure premium", the staggering cost of a state that knows how to hand out subsidies but has forgotten how to coordinate, build, or own anything. We follow the money: why HAP quietly inflates the rent into the landlord's pocket, why housing a refugee costs €99 a night here and €13 in the Netherlands, and why we're paying premium prices for second-rate outcomes across housing, health, and infrastructure. We look at how a country adapts to dysfunction, sheds in back gardens, hollowed-out city centres, kids emigrating, until we stop noticing it's not normal. What happens when the multinational money slows down and we're left holding the infrastructure deficit we never fixed? Hosted on Acast. See acast.com/privacy for more information.

People in this episode

Hosts: David McWilliams, John Davis

Guest: Sinead O'Sullivan

Topics covered

  • failure premium
  • subsidies
  • housing
  • infrastructure
  • health
  • economics

Keywords

  • failure premium
  • subsidies
  • housing costs
  • infrastructure deficit
  • economic dysfunction
  • Ireland
  • Netherlands

Mentioned in this episode

Organizations: Ireland

Places: Netherlands, Ireland

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