The Peter McCormack Show

Emmanuel Maggiori joins me to explain how inflation, incentives, and broken monetary rules quietly reshape behaviour inside an economy. From Argentina's black markets and capital controls to money printing, MMT, saving vs spending, and institutional credibility, we explore why inflation destroys trust long before it destroys prices — and why countries don't collapse overnight, but drift into dysfu...

Andrew Gold joins me to discuss how incentives are driving extremism, distrust, and cultural breakdown in the UK. From YouTube algorithms and purity spirals to immigration, economics, feminism, AI, and debt, we explore why honest debate is collapsing and why every political movement now frames itself as an existential last stand. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -...

Peter sits down with Khaled Hassan to discuss immigration, extremism, and why Britain's institutions have become incapable of enforcing boundaries or even discuss them honestly. From counter-terrorism failures to media self-censorship, we examine how fear of controversy has replaced decision-making and why suppressing uncomfortable conversations doesn't reduce risk, but pushes it into darker, more...

In this episode, I'm joined by Ben Habib for a conversation about Reform, Nigel Farage and where British politics is heading. Ben argues that Reform is far more fragile than most people realise. That it lacks a clear political philosophy, is driven by personality rather than principle, and could fail badly if it ever reaches power. His fear isn't just that Reform collapses, it's that its failure w...

In this PMQs episode, we discuss Robert Jenrick's defection to Reform and how it signals a political system that can only manage decline, not reverse it. We discuss debt, inflation, incentives, and accountability - why every party borrows, why promises don't bind, and why voters are increasingly trapped choosing between different speeds of the same outcome. SHOW NOTES › https://substack.com/@peter...

Politics feels chaotic for a reason. In this PMQs episode, we discuss what looks like surface-level madness - government U-turns, free speech crackdowns, global unrest and endless culture wars, to understand the deeper structural problem: a debt-based system that no longer works. This isn't about left vs right, or one bad leader. It's about incentives, power, and a financial system that concentrat...

Western politics appears chaotic - broken states, endless debt and permanent crisis. Simon Dixon argues it isn't chaos at all, it's structure. In this conversation, Simon lays out how money creation, debt, asset management, and access to capital now matter more than elections, ideology, or national borders. Governments, he argues, have become balance sheets and citizens have become collateral. We...

Venezuela didn't fall apart by accident. It's the result of years of socialism, corruption and a regime that couldn't be removed by elections or international pressure. In this PMQs episode, Peter and Conor talk through what happened with Maduro, why Venezuelans themselves welcomed his removal, and why the usual arguments about regime change and international law don't hold up in the real world. T...

Steve Baker is a former Conservative MP who spent years inside the machinery of British politics. In this interview, he explains why Britain feels broken. We talk about falling living standards, a political system that keeps failing without consequence and why so many voters feel completely powerless to change anything. We also explore how a system can continue to function while delivering worse o...

Inflation is the thing breaking everything. Not just prices - but trust, politics, institutions and people's belief that the system even works for them anymore. There's no sudden collapse coming and no dramatic moment where it all falls apart. It is slower than that and we're living through it right now. In this episode of PMQs, I talk through how inflation hollowed out living standards, why peopl...

In this conversation, Larry Sanger explains how Wikipedia's governance structure allowed anonymous editors, activist groups, PR firms, and institutional power to capture what became the world's default source of truth. This isn't a culture-war rant. It's a structural explanation of how neutrality failed and why reform may no longer be possible. We discuss: – How Wikipedia was originally designed –...

This country doesn't work anymore. In this episode, I explain why I no longer believe voting can fix what's broken and why the real problem isn't left vs right, race vs race, or party vs party but unconstrained government power. This is a continuation of ideas sparked by recent debates around Nick Fuentes, Carl Benjamin, identity politics and the collapse of legitimacy in modern democracies. I'm n...

Carl Benjamin is a political commentator and cultural critic. This discussion focuses on diagnosis — not slogans — and on understanding consequences before they arrive. Young men aren't radicalising because of ideology, they're reacting to a world that no longer works for them. In this conversation with Carl Benjamin, we break down why the post-war consensus has collapsed, why politics feels illeg...

I've reached an inflection point. I no longer believe Britain's political system can fix itself. This isn't about left vs right, Labour vs Conservative, or the next election. It's about unconstrained power, broken incentives and a system that rewards failure while hollowing out the next generation. In this PMQs episode, I explain why I'm withdrawing my consent from the British state and why so man...

Mike Green is a macro strategist known for his work on market structure, benchmark distortions, passive flows and systemic fragility. A single benchmark shaped American markets and policy for decades and economist Mike Green believes it distorted risk, inflated asset prices, weakened the middle class and misled policymakers about the true state of the economy. In this conversation, he breaks down...

Modern economics is built on competing theories that often describe the world in very different ways. In this conversation, economist Steve Keen sets out his explanation for how money works, why he believes mainstream economic models fail, and why debt, banking and housing play a far greater role in economic crises than most policymakers acknowledge. Keen's perspective challenges the assumptions o...

Inflation isn't an economic metric — it's a political tactic. When governments lie about inflation, they're not miscalculating; they're stealing from you. Economist Karl-Friedrich Israel explains how inflation quietly enriches asset holders, punishes workers and pushes Europe into a slow, silent decline. If your living standards are falling while politicians insist everything is fine, this convers...

James Esses is a psychotherapist and former Childline volunteer who was expelled from his degree and blacklisted by his profession for opposing gender ideology. He now works with young people suffering from gender dysphoria and is one of the UK's most articulate defenders of reality, safeguarding and children's rights. CONTACT PETE › Website - http://petermccormack.com › Feedback - https://www.pet...

Angela McArdle is the former Chair of the US Libertarian Party and a leading voice in the global liberty movement. In this conversation, we explore the ideological war raging beneath the surface: between those who want freedom and those who want control. CONTACT PETE › Website - http://petermccormack.com › Feedback - https://www.petermccormack.com/contact › Email - me@petermccormack.com › Instagra...

The third episode of PMQs is here. Peter McCormack breaks down how political lies, from manifestos to media narratives, create decline across generations. He dismantles Rachel Reeves' gaslighting, Keir Starmer's child poverty lies, the failure of party politics and why trust in democracy is collapsing. SHOW NOTES › https://www.youtube.com/watch?v=rDOsm-CYUwQ › https://x.com/JamesMelville/status/19...

Labour's second budget is here and it's another full-blown tax raid. They've hit workers again, squeezed savers again, blown up the welfare bill again and still delivered nothing for business, growth or the people who actually drive the economy. If you earn, save, build or invest, Labour just came back for round two: punishing work, killing incentives and pushing the UK deeper into decline. SHOW N...

Peter Bleksley is a former undercover detective, crime author and one of Britain's most outspoken critics of modern policing. In this conversation, we unpack why trust has collapsed, crime has surged and what it will really take to fix British policing. CONTACT PETE › Website - http://petermccormack.com › Feedback - https://www.petermccormack.com/contact › Email - me@petermccormack.com › Instagram...

In this solo episode, Peter breaks from the usual interview format to deliver an honest take on the state-of-the-nation. From the collapse of political discourse to the rise of Reform and the Greens, from inflation's hidden wealth transfer to why young people are turning to socialism, Peter lays out the British Doom Loop - how taxes, stagnation and inflation keep feeding each other while the polit...

Shanker Singham is a trade lawyer, competition expert, and one of the UK's most respected economic minds. In this wide-ranging conversation, we unpack why Britain's economy has become uncompetitive, how regulation has locked out innovation and what needs to change. CONTACT PETE › Website - http://petermccormack.com › Feedback - https://www.petermccormack.com/contact › Email - me@petermccormack.com...

Paul M. Sutter is a theoretical cosmologist, astrophysicist and author who takes the biggest questions of existence. From the origins of the universe to the limits of human understanding. His ability to connect abstract physics with everyday curiosity turns complex science into something emotional, philosophical and unforgettable. CONTACT PETE › Website - http://petermccormack.com › Feedback - htt...