#138 – Steve Baker – The Structural Failure of Government
Release Date: 01/05/2026
#139 - Simon Dixon - How the Financial-Industrial Complex Runs the World
The Peter McCormack Show
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 talk about how the debt-based system works, why rolling over debt keeps everything alive, how asset managers shape outcomes and why wars, bailouts, inflation, and social breakdown all follow the...
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PMQs #007 - Why Trump Wants Venezuela
The Peter McCormack Show
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. They also look at the role of oil, US power, proxy conflicts, and why strong states operate by different rules. The episode ends on the hardest question of all: after removing a dictator, what...
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#138 – Steve Baker – The Structural Failure of Government
The Peter McCormack Show
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 outcomes year after year. We also discuss the problem of power without limits, money without restraint and what happens to democracy when nothing fundamental can be challenged and no one is ever held...
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PMQs #006 - The Quiet Leviathan — Inflation Is Breaking Everything
The Peter McCormack Show
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 people are withdrawing from politics altogether, and why what looks like incompetence is often something closer to design. This isn’t left vs right. It’s extraction vs creation. And once you see...
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#137 - Larry Sanger - Will AI Replace Wikipedia?
The Peter McCormack Show
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 – Why expert review was rejected – Anonymous power and editor oligarchies – Activism, PR firms & source blacklists – Israel, Trump & political bias – Why “consensus”...
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PMQs #005 - This Country Doesn’t Work Anymore
The Peter McCormack Show
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 not calling for violence. I’m not calling for chaos. I’m calling for something far more dangerous to the state: Withdrawal of consent. This is a conversation about: – Why living standards...
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#136 - Carl Benjamin - The System That Creates Nick Fuentes
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,...
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PMQs #004 - I’m Withdrawing My Consent from the British State
The Peter McCormack Show
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...
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#135 - Michael Green - The Benchmark That Broke America
The Peter McCormack Show
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...
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#134 - Steve Keen - How Modern Economics Became Ideology
The Peter McCormack Show
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...
info_outlineSteve 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 outcomes year after year.
We also discuss the problem of power without limits, money without restraint and what happens to democracy when nothing fundamental can be challenged and no one is ever held to account.
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TIMESTAMPS:
00:00 – Introduction
01:35 – Why Britain “Isn’t Working”
03:17 – How the System Drifted Off the Rails
09:23 – The Real Incentive in Politics
11:10 – “You Get the Government You Deserve”
14:16 – Why Staying Home Changes Nothing
17:37 – Why MPs Fear Accountability
21:21 – The Collapse in Living Standards
23:06 – The Money Problem
26:44 – Bitcoin, Gold & Escaping the System
31:04 – Why Extremism Is Rising
34:51 – Liberty vs Control
40:22 – Britain Is Over-Governed
43:47 – There Is No Painless Way Out
47:51 – Why Politicians Kick the Can
50:08 – How Division Is Manufactured
57:00 – Why Politics Attracts the Wrong People
59:38 – Why Opting Out Fails
1:10:10 – Can the System Be Reset?
1:19:09 – Hope vs Reality
1:22:39 – Final Warnings
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CONTACT PETE
› Website – http://petermccormack.com
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FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
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