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

About this episode

Malcolm Offord discusses the reasons behind Britain's and Scotland's decline in wealth creation.

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…

People in this episode

Host: Peter McCormack

Guest: Malcolm Offord

Topics covered

• wealth creation
• political fragmentation
• state spending
• minimum wage
• small businesses
• welfare economy
• wealth economy

Keywords

• wealth
• politics
• economy
• state spending
• minimum wage
• small businesses
• political fragmentation
• welfare economy
• wealth economy

Mentioned in this episode

Organizations: Bank of England, Reform, the Greens

Books & works: The Wealth of Nations

Places: Britain, Scotland, America

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