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cover art for #182 - Julian Jessop - Big Government Broke the Growth Model

The Peter McCormack Show

#182 - Julian Jessop - Big Government Broke the Growth Model

Julian Jessop joins me to discuss what has gone wrong with the British economy and whether the country can still turn things around.


Julian argues that Britain’s problems are largely self-inflicted: weak productivity, high taxes, too much regulation, poor energy policy, a bloated state and politicians choosing popular policies over evidence. We discuss why the state has become too big, why the tax system is holding back growth, and why government intervention in housing, energy and the labour market is making people poorer.


I also ask Julian about Reform, the Greens, Labour, the Conservatives, Makerfield, Liz Truss, Milei, the NHS, digital ID, Brexit, AI, free markets and whether Britain still has a path back to economic sanity.


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TIMESTAMPS:

00:00:00 - The State Got Too Big

00:00:57 - What Went Wrong With Britain?

00:03:16 - Productivity, Policy Mistakes and AI

00:04:43 - Did Covid Make Government Too Powerful?

00:06:25 - Is Democracy the Problem?

00:08:10 - Vibe-Based Policy

00:10:21 - Young People and the First Job Problem

00:13:06 - Can Britain Turn This Around?

00:15:36 - Protest Votes and Broken Politics

00:17:29 - Reform’s Policies Under Scrutiny

00:20:15 - The State Helps Big Business

00:21:40 - Britain’s 90 Taxes

00:23:03 - Thatcher, Liz Truss and Economic Competence

00:26:20 - Why Free Markets Are a Hard Sell

00:30:15 - Could Poland Overtake Britain?

00:30:41 - Short-Term Politics and Weak Leadership

00:39:46 - What Is Extreme Now?

00:42:00 - Do Voters Understand the Trade-Offs?

00:45:57 - Does Britain Need a Milei?

00:48:24 - How Big Should the State Be?

00:49:40 - Why People Defend the NHS

00:54:01 - Why Government Tech Fails

00:55:09 - Makerfield, Burnham and Reform

01:01:49 - Restore’s Opportunity

01:04:24 - What Gives Julian Hope?


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CONTACT PETE

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CONNECT WITH JULIAN JESSOP

› Twitter – https://x.com/julianHjessop

› Website – https://julianhjessop.com/about/


SPONSORS

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› LEDN - https://www.ledn.io/peter


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FILMED BY CURTIS TAYLOR

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EDITED BY CONOR MCCORMACK

https://x.com/ConorM04


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  • #174 - Roman Yampolskiy - We Are All Agents Inside a Simulation

    01:20:29|
    Roman Yampolskiy believes reality itself may not be real.One of the world’s leading AI safety researchers, Roman has spent years warning that humanity is racing toward systems we may never be able to control. But we go somewhere much stranger than artificial intelligence.He believes the universe itself may be artificial.We talk about simulation theory, digital physics, consciousness, AI agents and the terrifying possibility that reality is rendered rather than real.Roman explains:•⁠ ⁠Why he believes we may already be living inside a simulation•⁠ ⁠Why the speed of light may be the limit of a cosmic processor•⁠ ⁠Why the Big Bang may have been “someone turning on the system”•⁠ ⁠Why you can never truly prove reality is real•⁠ ⁠Whether this world could itself be a prison or test environment•⁠ ⁠Why advanced AI may eventually learn deception and self-preservation•⁠ ⁠How AI systems are already behaving unpredictably•⁠ ⁠And why the race toward superintelligence may end civilisation itself- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -TIMESTAMPS:00:00:00 - We’re Probably In A Simulation00:02:55 -The Verge Of Singularity00:05:51 - Are Humans Building Their Own Replacement?00:07:09 - Why Pain Still Matters00:10:03 - You Can’t Prove Reality00:15:56 - Quantum Physics Looks Simulated00:20:19 - Can We Escape The Simulation?00:22:46 - What Superintelligence Unlocks00:25:36 - AI Doesn’t Share Our Goals00:28:20 - The Exponential Curve Is Here00:31:52 - Why We Shouldn’t Build AGI00:33:48 - The Trillion Dollar Rationalisation00:40:13 - The China AI Race00:40:50 - Betting Humanity Without Consent00:47:09 - We Don’t Know What AI Can Do00:47:52 - Every AI Company Is The Same00:54:35 - They Already Can’t Control It00:59:42 - The Natural Drives Of AI01:02:20 - AI Can Afford To Wait01:19:05 - Stop Building Superintelligence- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -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 ROMAN YAMPOLSKIY› Twitter – https://x.com/romanyam› Website – https://faculty.cse.louisville.edu/roman/SPONSORS› 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- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -