The Peter McCormack Show

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 illegitimate and why a generation feels pushed to the edge. In this episode we discuss: – Why young men feel shut out of the system – The collapse of the post-WWII consensus – Piers Morgan, Nick Fuentes, and generational revolt – Identity politics vs material reality – Legitimacy, consent, and non-compliance – Why politics no longer fixes anything – What happens when power has no limits – Why discomfort is unavoidable - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:04:18 – Why Young Men Feel Politically Homeless 00:11:42 – Moral Outrage vs Material Reality 00:19:27 – Why Figures Like Nick Fuentes Resonate 00:27:53 – Identity Politics and Manufactured Resentment 00:36:41 – Media Incentives and the Outrage Economy 00:48:12 – Piers Morgan, Debate Culture, and Spectacle 01:01:08 – Loss of Legitimacy in Institutions 01:15:18 – What Happens if Nothing Changes 01:32:44 – Generational Breaking Point 01:35:21 – Final Warnings and Consequences - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - CONTACT PETE › Website – http://petermccormack.com › Feedback – https://www.petermccormack.com/contact › Email – [email protected] › Instagram – /mccormack555 › X/Twitter – https://x.com/petermccormack/ CONNECT WITH CARL BENJAMIN › Website – https://lotuseaters.com/ › Twitter – https://x.com/Sargon_of_Akkad SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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 many young people have already done the same. This isn't apathy. It's a vote of no confidence. In this episode: – Why politicians care about only one thing: staying in power – How unconstrained government creates inevitable failure – The collapse of trust in institutions – Why young people feel betrayed by the system – Nick Fuentes, Piers Morgan & generational revolt – Why Reform and the Greens are the same phenomenon – The moral failure of intergenerational debt – Why Britain needs limits on power, not new parties SHOW NOTES › https://substack.com/@petermccormack › https://x.com/PiersUncensored/status/1998127009981947930 › http://youtube.com/watch?v=UiAhS7AuB8k › https://www.youtube.com/watch?v=nkK312fMPsQ&t=3814s › https://www.youtube.com/watch?v=7TEnJ5pyFDg › https://graceblakeley.substack.com/p/generation-despair CONTACT PETE › Website - http://petermccormack.com › Feedback - https://www.petermccormack.com/contact › Email - [email protected] › Instagram - /mccormack555 › X/Twitter - https://x.com/petermccormack/ SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00 – I've Reached an Inflection Point 02:06 – Why All Governments Are Set to Fail 05:43 – The One Thing All Politicians Care About 08:23 – Nick Fuentes, Piers Morgan & Moral Outrage 12:43 – Why Young People Don't Care Anymore 19:18 – Collapse of Institutional Trust 24:24 – We Sold the Future to Avoid Recessions 27:10 – The Rise of Reform & the Greens Explained 30:44 – Withdrawing Consent from the State 45:13 – Why Britain Needs Limits on Power - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - LISTEN / SUBSCRIBE TO THE PODCAST › 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 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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 how a flawed model became accepted as truth, how it quietly rewired incentives, and why he thinks the consequences are now impossible to ignore. In this episode we discuss: – What the "broken benchmark" actually is – How flawed assumptions shaped U.S. economic policy – Why markets mispriced risk for decades – The rise of passive flows and distorted price signals – How asset inflation hurt the middle class – Why housing affordability collapsed – Why policymakers didn't correct the model – The structural consequences for future generations – Whether America can fix the system without a crisis – How the UK is importing the same benchmark problems - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00:00 – How a Benchmark Became a National Problem   00:16:24 – The Rise of Passive Flows & Market Distortion   00:32:18 – Why America Misprices Risk   00:48:05 – Asset Inflation & the Middle-Class Squeeze   01:04:22 – Housing, Debt & Structural Fragility   01:19:57 – Why Policymakers Didn't Fix the Benchmark   01:36:44 – Elites, Incentives & the Illusion of Prosperity   01:53:30 – The UK's Imported Benchmark Problem   02:10:42 – What a Saner Benchmark Would Look Like   02:27:15 – Future Scenarios & Final Thoughts - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - CONTACT PETE › Website – http://petermccormack.com › Feedback – https://www.petermccormack.com/contact › Email – [email protected] › Instagram – /mccormack555 › X/Twitter – https://x.com/petermccormack/ CONNECT WITH MIKE GREEN › Website – https://www.simplify.us › Twitter – https://x.com/profplum99 › Substack – https://substack.com/@michaelwgreen SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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

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 of neoclassical, Keynesian and Austrian economists alike. In this episode we discuss: – How economics became political ideology – Why neoclassical theory broke the West – The Left vs Right illusion in economic policy – What money really is (and how banks actually create it) – Why inflation is misunderstood by almost everyone – How private debt fuels instability and inequality – Housing, mortgages & the destruction of the middle class – Why equilibrium economics is fantasy – What a sane, reality-based economic model looks like – How young people can survive a debt-driven system Economics didn't fail by accident — it failed because ideology replaced reality. Steve Keen is one of the world's leading heterodox economists, known for his critiques of mainstream theory and his work on private debt, banking, financial instability and the 2008 crisis, which he warned about years in advance. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00:00 – Introduction  00:03:12 – Why Economics Became Ideology   00:09:04 – Economists vs Reality   00:14:47 – How Money Actually Works   00:21:18 – Banks, Loans & Money Creation     00:33:44 – Inflation: What Really Drives It   00:38:59 – Wages, Markups & Bargaining Power     00:47:55 – The Housing Crisis Explained   00:54:03 – Deregulation & the Death of Affordability   00:59:22 – Middle Class Collapse   01:04:48 – Left and Right Get Economics Wrong   01:11:02 – Neoclassical Economics 01:17:26 – The Problem With Economic Models   01:22:31 – Why Economists Misunderstand Production   01:28:08 – AI, Automation & The Future of Work      01:44:28 – Structural Failures    01:55:46 – Can Government Use Good Economics?   02:01:23 – Global Debt, Fragility & Future Crises   02:06:40 – What Would Real Reform Look Like?   02:13:28 – Why Young Generations Feel Hopeless   02:19:47 – Can We Build a Post-Ideological Economics?   02:25:10 – Final Thoughts   - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - CONTACT PETE › Website – http://petermccormack.com › Feedback – https://www.petermccormack.com/contact › Email – [email protected] › Instagram – /mccormack555 › X/Twitter – https://x.com/petermccormack/ CONNECT WITH STEVE KEEN › Website – https://www.patreon.com/ProfSteveKeen › Twitter – https://x.com/profstevekeen SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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 conversation will make sense of it. If you still believe governments can print prosperity without consequences, you won't enjoy what follows. In this episode we discuss: – How inflation secretly taxes the poor – Why CPI hides the real cost of living – Europe's long, slow economic decay – The rise of modern socialism – Cronyism vs capitalism – Collective corruption of elites – Why asset inflation fuels inequality – The Argentina warning – Whether Bitcoin can fix the money – AI, automation & the coming labour shock Britain is being lied to — and people are finally waking up. Karl-Friedrich Israel is a German economist specialising in monetary policy, inflation and inequality. His work reveals the economic mechanisms accelerating Europe's decline. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - TIMESTAMPS: 00:00:00 – The Inflation Lie 00:06:21 – CPI vs Real Cost of Living 00:12:13 – Inequality: What's Legit, What Isn't 00:14:02 – Why Socialism Is Surging Again 00:19:34 – Inflation as Political Illusion 00:24:10 – Welfare, Dependence & the Trap 00:26:47 – Argentina, Milei & Monetary Chaos 00:33:16 – Should We Abolish Central Banks? 00:37:21 – Europe's Coming Decline 00:53:59 – Brain Drain & the Death of Opportunity 00:58:07 – Academia's Ideological Capture 01:23:02 – AI, Job Loss & the Future Economy 01:39:19 – Bitcoin, Freedom & The Path Forward - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - CONTACT PETE › Website – http://petermccormack.com › Feedback – https://www.petermccormack.com/contact › Email – [email protected] › Instagram – /mccormack555 › X/Twitter – https://x.com/petermccormack/ CONNECT WITH KARL-FRIEDRICH ISRAEL › Website – https://kfisrael.com/ SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 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 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -