#129 - Shanker Singham - The Case for Radical Economic Reform
The Peter McCormack Show
Peter McCormack
4.8 • 2.7K Ratings
🗓️ 18 November 2025
⏱️ 108 minutes
🧾️ Download transcript
Summary
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
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CONNECT WITH SHANKER SINGHAM
› X/Twitter - https://x.com/ShankerASingham
SPONSORS
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
› Casa - https://casa.io/
› Cape - https://www.cape.co/
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TIMESTAMPS:
00:00:00 – Why Economic Policy Matters
00:03:30 – Liberty, Rights & Prosperity
00:07:15 – Regulation Kills Growth
00:10:30 – What GDP Really Measures
00:15:10 – Cronyism vs Real Competition
00:21:00 – Why Government Is Unaccountable
00:25:00 – The Deep State Problem
00:30:00 – How the UK Wasted Brexit
00:35:45 – The Truth About Tariffs
00:41:00 – Trade, Distortions & China
00:45:10 – America's Tariff Strategy Explained
00:52:00 – Why Global Growth Has Slowed
00:58:20 – Education, Economics & Free Markets
01:05:00 – We Don't Teach Liberty
01:10:00 – Language, Truth & Marxism
01:14:00 – Why 'Capitalism' Is a Trap
01:18:30 – Fiat Money vs Voluntary Exchange
01:25:00 – Bitcoin, Inflation & the Fiscal Distortion
01:30:00 – AI, Labor Markets & Collapse
01:36:30 – The Future of Work
01:42:00 – The Philosophy of Prosperity
01:46:30 – Final Thoughts
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FILMED BY CURTIS TAYLOR
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EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
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Transcript
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| 0:00.0 | Very much the old thinking of there's always going to be this number of jobs, so we just need to protect them more. |
| 0:07.0 | And I was saying, well, with AI and with all of these things, there's huge pressure on young people in the marketplace. |
| 0:15.0 | They need to be able to have maximum flexibility because they want to be able to have multiple. |
| 0:20.0 | They're going to have multiple lines of revenue. |
| 0:21.7 | That's how they're going to live. It's going to be lots of different things. This idea that there's a single job, you go in at nine and you leave at five. I mean, that may be true for 50, 60 year olds, but it's not going to be true for 20 and 30 year olds anymore. So you need to have lots of flexibility. So you take away their flexibility and you take away those jobs, which is what the employment rights bill will do, then you're |
| 0:41.9 | not really helping them. This episode is brought to you by our least sponsor and Massive Legends |
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| 1:19.2 | Irond is set in the standard. |
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| 1:25.2 | That is iron.com. |
| 1:27.3 | All right. Good afternoon. Shankar, how are you? Good. Very good. Thank you for having me back. |
| 1:30.9 | Yeah. Good to see you. Last show we did was very popular. I think in some ways this is a better time |
| 1:39.2 | to be making a show on economics because it's a subject that's at the heart of a lot of the |
| 1:44.1 | problems in the country at the heart of a lot of the problems in |
| 1:44.6 | the country at the moment. An open question of you, is economic policy the most important |
| 1:50.6 | thing a government has to get right? Well, you know, I think there are many things the |
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