The Peter McCormack Show

Rupert Russell joins me to discuss the hidden power of prices, the chaos of financial markets and whether the economy is really just a global game of Monopoly.Rupert explains how price shocks have shaped history, from bread riots and the Arab Spring to housing, oil, food and the financial crisis. We discuss derivatives, futures markets, commodity speculation, Goldman Sachs, central banks, inflation, asset managers and why the price of essential goods can become politically explosive.We also get into AI, scarcity, status, the future of work, whether the price system breaks in a world of abundance, and why Rupert thinks The Matrix is a better model for our future than Terminator or Ready Player One.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -TIMESTAMPS:00:00:00 - Is the Economy Just a Game?00:00:56 - The Horror of Our Economic System00:01:39 - Why Prices Shape History00:05:15 - The Sandpile Theory of Society00:07:38 - How Governments Manipulate Prices00:12:00 - Housing and the Broken Social Contract00:16:10 - How Derivatives Began00:19:36 - Futures, Farmers and Speculators00:23:24 - When Insurance Became Gambling00:27:02 - The Road to the Financial Crisis00:32:18 - Hayek, Friedman and Price Signals00:36:20 - How Food Became Financialised00:41:23 - What Pushes Food Prices Up?00:49:13 - Did Global Markets Break Economics?00:54:08 - What Is the Real Price?01:03:57 - Who Really Runs the Economy?01:11:28 - The Global Game of Monopoly01:19:24 - Is the Market Now Correlated to AI?01:36:14 - AI and the End of Scarcity01:50:06 - Terminator, Matrix or Ready Player One?- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -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 RUPERT RUSSELL› Website – https://www.rupertrussell.com/› Price Wars – https://www.hachette.co.uk/titles/rupert-russell/price-wars/9781474613996/› The Last Sacrifice – https://www.anti-worldsreleasing.co.uk/pages/last-sacrificeSPONSORS› IREN - https://www.iren.com/› Ledn - https://ledn.io/peter› OneSkin - https://www.oneskin.co/mccormack- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -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/RumblePM- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -FILMED 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.

Helen Pluckrose joins me to discuss how liberalism was lost and why free speech, individual liberty and viewpoint diversity need to be defended from both the authoritarian left and the authoritarian right.Helen explains why liberalism does not mean “left wing”, why it is better understood as the opposite of authoritarianism, and how critical social justice, identity politics and language policing have changed the way people think, speak and behave. We discuss woke ideology, DEI, equality vs equity, trans rights, queer theory, free speech, institutional capture and why suppressing ideas usually makes them more powerful.We also get into whether Britain needs a liberal revolution, how the anti-woke movement can become authoritarian itself, and why the future may depend on liberals on the left and right defending freedom within their own tribes.- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -TIMESTAMPS:00:00:00 - What Liberalism Really Means00:00:48 - How Did We Lose the 90s?00:03:13 - Phones, Algorithms and Anxiety00:08:11 - What Has Changed?00:11:16 - Woke and Language Policing00:13:57 - Liberalism vs Authoritarianism00:20:57 - How Liberalism Was Lost00:23:39 - Why Freedom Must Be Maintained00:25:33 - Can Institutions Stay Liberal?00:28:43 - Who Represents Liberalism Today?00:31:28 - DEI and Discrimination00:35:10 - Equality vs Equity00:39:29 - Is Pro-Trans Misogynistic?00:41:38 - Reality, Safety and Liberalism00:46:03 - Queer Theory and Biological Reality00:49:26 - How Civil Rights Became Language Policing00:55:06 - A Radical Defence of Freedom00:58:51 - Woke Corporatism01:03:21 - The Problem With Anti-Woke01:10:48 - Why Suppressing Speech Backfires01:13:37 - Do We Need a Liberal Revolution?01:18:03 - Can Sanity Return?01:21:00 - The Liberal Case on Immigration01:24:17 - Liberalism as the Higher Value- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -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 HELEN PLUCKROSE› Website – https://hpluckrose.com/› X/Twitter – https://x.com/HPluckroseSPONSORS› 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.