Skip to main content

Peter McCormack

Sep 12, 2026

8:01
Mississippi, Mississippi, the lowest state, they are shocked.
8:04
Yeah.
8:05
But I don't think people can actually quantify what that means because in their day-to-day lifestyle, there's a bit of coke coming on.
8:10
What does that mean? Well, I still think there are people who think, well, I still can go out for dinner and I can still have a summer holiday and I can still buy a $20...
8:18
$20, that's my American in me.
8:22
I can still buy a £20 cocktail.
8:24
And I know people are starting to feel it, even middle-class people are starting to feel it, but I think there's this kind of coke.
13:00
Why is it that we now have such lightweights in the political class?
0:32
How has this happened?
0:33
We're incredibly stupid as a country.
0:35
[chuckles] Honestly, I, JJ, I despair.
0:37
Kind of committed suicide as a country.
0:39
Potholes are terrible, rubbish down the sides of the roads, the NHS waiting lists are, are worse and the outcomes are worse.
0:44
The university, uh, system is completely and utterly broken.
0:47
We're indebting people for the rest of their lives.

52 MINS LATER

53:06
[laughs]
13:26
What is the issue with the global monetary system?
13:29
Monetary expansion.
13:31
It's pure and simple.
13:32
Us three people end up on an island and we create an economy and maybe you go fish and you build shelter and maybe I collect fruit.
13:42
We would have a money supply which circulates.
13:44
Say we had £100 each and that £300 would circulate each and we would buy and sell from each other.
13:50
If we suddenly doubled the money, we gave each other another £100 each, we wouldn't buy more stuff.

1 HR 20 MINS LATER

93:50
The
Ben Leo
Ben LeoCORRESPONDENT
34:30
What was the game like?
34:31
Scary, nervous, typical England.
34:34
You know what we like? We're terrible and we somehow scrape through.
1:03
How did you start using AI? Which tools are you using and how did you get going here?
1:08
The learning curve has been very steep and what I've been able to build has been compounding at a rate that's quite crazy.
1:16
And I do want to go back a step.
1:19
So I used to have an agency that built web applications.
1:21
That's what I did before I had the podcast.
1:24
And the primary role I had was a UX designer before I ran the company.
1:30
So I'm a big fan of Steve Krug's Don't Make Me Think.

22 MINS LATER

23:35
Yeah.
40:36
Of a football club, Pete, what kind of chairman are you? Do you ever get, like, do you try and say to the manager, what about this? Or do you hands off it and get on with it?
40:45
No, do you know what's interesting? So I took over halfway through the first season we had it and we had these managers and I wasn't happy with the things.
40:51
And then we had a coffee one morning and I was like, well, why are you playing this formation? Have you thought about him? Left back and whatever.
40:59
I got rid of them at the end of the season, brought in Rob Sinclair.
41:02
He came around my house and we had a glass of wine and something to eat.
41:05
And he said to me straight away, he said, look, the only way this is going to work is you're everything.
41:09
off the pitch and i'm everything on it and that's the way it is don't tell me who to play don't tell me what formation play i'm not interested and i'm glad he did that because it was totally the right thing to do i intrinsically trust him i said like i now get it it's like you do exactly what you want to do and if it doesn't work the scenario is you lose your job that's the best scenario at the same time i think it's now got to the point where he respects me a little bit and he will sometimes say what do you think about this And if he does ask me, I'll say, I think X. I think Y.

28 MINS LATER

69:53
But you can be put on the bench, can't you?
speaker_16GUEST
48:20
Why is this?
48:21
Well, I think 'cause he's a libertarian.
48:23
I think he bought X kind of out of a reflex of, like, seeing that there was a lot of power here.
48:30
But sort of what I said, you know, uh, I was quoting someone who's said he bought X and turned it into, like, this incredible slot machine, you know, sort of run on Silicon Valley principles of, uh, you know, whatever gets the most engagement is the best.
48:46
And I'm like, "Well, yeah, but you didn't buy this to make money.
48:50
You bought this to make power, right?" It's like you don't really have a shortage of money.
48:55
In fact, I suspect that the $44 billion would've been better used.

35 MINS LATER

84:03
Okay
63:04
Mm-hmm.
63:04
So it's like a human, it gets shit wrong.
63:05
Anyway, I'm going somewhere with this.
63:06
I had this young lad who came to our conference, who reached out to us and said, um, "I'm from working class background up near Manchester," ac- actually, and said, um, "I'm not sure what to do with my career.
63:16
I wanna build a business, but I'm not from a community where I have access to capital.
63:19
What do you think I should do?" So we jumped on the phone.
63:22
He's been given a, um, consultancy, uh, offered a consultancy role at a, um, no, a junior grad role at a consultancy.

17 MINS LATER

80:04
Mm-hmm.
HarryHOST
21:38
That's what Restore needs to do from the right in a realistic fashion.
21:42
Then I stand by my point, their brains are undeveloped because they are picking leaders of this country based on their personality context.
21:48
Just let me finish my point.
21:50
This is a great and easy example at the moment, is that if you're going to be voting, you should be at least challenging policy.
21:56
So the Green Party came out recently and said, we're going to increase renters' rights.
22:04
Now, if you look what's happened in Spain, they've tried it and it's failed.
22:07
You look at Argentina, they've reversed their renter's bill and it's reduced the cost of rent.

21 MINS LATER

43:41
Does the window start to look down?

We value your privacy

We use cookies to understand how you use our platform and to improve your experience. Click “Accept All” to consent, or “Decline non-essential” to opt out of non-essential cookies. Read our Privacy Policy.