This is one of the best episodes of any podcast in a long time! We need more people like Steve in the world. This is exactly why the new podcast rebrand was an important iteration!
I agree, this is a "must see"..... I hope Steve doesn't get too disheartened with his 14 years and instead uses it to have a bigger and more impactful voice.
Very wise words, and you hold Bitcoin! I hope Trump does put Bitcoin on US Strategic Reserve then we sorted. Game Theory on. UK 2nd biggest Govt holder (unlike silly Germans who sold theirs) Steve Baker for Tory Leader please
I don't know. To me a lot of his views are also based on assumptions about the reality of money that are perhaps not true. Look up Richard Werner. Also. Debts that can't be repaid, won't be. It was ex BIS chief William White who stated that there's need for a clean slate, a debt jubilee. The world run on credit, but our debt based system from time to time needs a reset. Just as white says: debt jubilees have been going on for 5000 years. So again, a lot of what he says seem right but I believe are fundamentally flawed, and useless. It have been nice do another interview with him and Michael Hudson, Jeff Booth, Steve Keen in the same room. Not much of his advice will be left standing I think.
Can't believe Steve's still such an ardent Conservative after everything the parties done to him and the country. It needs replacing not rebuilding, can't rebuild a house on flawed foundations got to root and branch the whole structure.
Peter Hitchens had been banging on about this since Cameron - came out openly declaring that the Tory party couldn’t be reformed , but had to be utterly destroyed. A Zero Seats stance way way back in 2010.
This was the most valuable conversation I have listened to in quite some time. Steve is clearly very smart, speaks these uncomfortable truths (to all sides), and gives you a lot to think about. I also can't describe just how refreshing it is to hear someone, who understands all these things, calling out Nigel Farage's BS......it's well over due. Cheer guys, brilliant.
I am a retired 86 year old chartered accountant with a career in investment banking in dublin paris and luxembourg. Listening to lectures and debates on utube it seems to me that uk fiscal policy should should refocus away from mere fund raising to meet budgetry requirements to using tax policy as an incentive to investment ...we started doing this in Ireland in 1960 with publication of our first programme for economic expansion......well worth a quick read. Among those early ideas was zero taxation on growth in export sales, a 10% tax rate for manufacturing and immediate tax write offs for new investment in plant and equipment. The idea is to use taxation policy to promote investment and growth not to raise taxation income per se. I am a very happy beneficiary. David McCabe Dublin
Steve Bakers is very on=point he needs to do the round and get himself on all the major financial and political podcasts, Im afraid id never heard his talking points till now. Get yourself out there steve, you should get on novara media and other podacasts.
Very interesting interview with Steve Baker. He’s a straight talking guy and tells it as it is. That’s probably why the establishment doesn’t like him.
Sounds so credible, and I respected him, but really we haven't heard about WEF and Globalisation, about immigration on his watch, and when he says as an mp there's nothing he could do, then good that he's gone, he can join the others. I'm taking my chances with Reform.
What SB fails to mention is Zero carbon, EV cars, no ICE cars, no North Sea oil, no NorthSea gas, No Fracking, No Coal Mining, No £90,000,000/year for Chagos Isle, No overseas aid £11,000,000,,00 including China and India who both have a bigger economy than UK have Space projects bigger Armies and nuclear powers. Do I need to go one?
That is because he is pushing the very neo liberal polices that have wrecked us. The neo liberals won’t solve all this disastrous deindustrialisation. There has to be a policy direction from government for productivity. It doest mean you nationalise everything, but you have to direct the economy away from all this green agenda.
Wow! This conversation is densely packed with valuable insights on our political reality as well as gives a realistic pragmatic perspective on our political future.
Steve's point about winter fuel payment was disingenuous. Energy prices are insane because government bodged up the UK energy policy. People would keep the £300 this year for sure.
Whatever ones political persuasion, everybody should watch this interview for an inside perspective on how politics works and a reality check on whee we are heading.
What Steve doesn’t realise is that he was incredibly popular with the public and a lot wanted him as PM. But that went when he sided with the establishment to do that job over in Northern Ireland. The public arnt daft
Always liked Steve Baker he talks a lot of sense. Labour will turn this country into a basket case but so would a conservative government all be it a little slower.
At last One gentleman that knows the UK WILL COLLAPSE! It’s just a matter of time. I also have said for decades the UK has lived and punched above and beyond its means for decades in all ways - socially, economically and militarily. It’s a long slow economic decline until its eventual collapse. The UK is a tiny little island that really DOES NOT have any say on the world table but still thinks it does. If you can get out then go! And never look back! I say this after also serving and wearing the Union Jack in my arm for 6.5 years as a royal marine! Now working in oil/gas. Looking at getting out next year. All the best people. You will need it! Cheerio
Switzerland is even smaller, but definitely not going to collapse. The UK was ruined by New Labour, prior to that things were economically sustainable. The trouble is that a Millei or Farage type character would be needed to sort it out and maybe it's too late?
Steve, it was worth it. Frustrating though it may have been for you personally, you should be proud of your contribution in politics. Thank you and I wish you all the best.
I've listened to this four times now. So much insight and sense from a man that I once thought I despised, before I took it on myself to learn about economics. Bravo!
Really enjoyed this. Always felt Steve Baker had too much integrity to be in politics but the reality is that Parliament needs more who speak the truth than it currently has. He would make a great leader whose honesty would appeal to the electorate. Until he told them what the real issues were and how they would need solving. Such a shame that people like him are wasted on a broken and fucked up system that is not fit for purpose.
Thanks. I’m honoured indeed. Having lost my seat, I won’t be back in parliament but we can all do a great deal by writing to MPs asking them specific questions about these issues.
This is a brilliant interview and it's great to see Steve Baker unconstrained from having to toe the line as an MP. Everything he says resonates with those of us who have read Mises, Hayek, etc. The one thing I'd like to ask him is why the great and the good of the economics profession, including some very smart people, seem to reject Austrian economics. Some of them even embrace the madness of MMT. I understand why an accountant like Murphy does, but where are the prominent Austrians in the Treasury and elsewhere? I understand if Steve doesn't want to run for Parliament again, but we really do need him there.
I’m pleased someone has voiced and explained the situation that I have been concerned about for decades. The latest budget shocked me into realising there will be no change and excess spending vs income will continue. Coming up :- means-tested pensions, even higher taxes and public service cuts. The earlier it’s tackled the better, but it will be after a collapse I think. I’m already moving assets abroad and will pay tax as a non U.K. dom elsewhere. So yet more revenue loss from stupid policies. I hope they woke up one day
Loved watching this guy rage on the election day against George Osborne over a miscomm, on Good Morning Britain. That's how you know he genuinely cared about the job, his constituents and employees. I'm hard-left, but I always respect a knowledgeable guy who has principles and scruples. His abjection for Guantanomo, his knowledge on economics, fighting spirit and actually caring about the job, of course endears himself to me.
Thoroughly enjoying this podcast! Loving your guests, their wisdom, their educational value, their perspectives, their challenges and the great need we have to input the right kinds of men and women into the democratic system. We desperately need to weed out the chaff from the wheat!
Iv been telling everyone to watch the bond market everything is priced of the 10 year guilt when yeilds go up bonds prices go down that's why the bank of England is in trouble with the unrealized losses on the balance sheet which the UK treasury has too pay the losses just as the bank of England pays the treasury any realised gains
Talk about gaslighting viewers- blame the pensioners and ignore the 9,000,000 not-in-work adults we have. And ignore the massive cost EACH immigrant, legal and illegal, costs the country. And each of those immigrants WILL also demand a pension. Can we get someone on who can tell the truth and provide solutions?
This is the most honest and scary thing I have watched in ages...A long time ago, a relative of mine was an intern with a Lib dem in Camerons time, he was a senior minister and was trying to get her knickers off (yes she was young and pretty and yes he was married) after a few drinks she asked him advice for the future and her pension......he said quite candidly...My dear......there will be no pension?? you should invest in land and gold...Ha ha No pensions??? he said well you may have to work until you are 70 or more to get a pittance..but there is no money for it. He must have had a modicum of economics.....She kept her knickers on, but it made her think about the future. I would rather the UK go under than the Shiiiity people that are conservatives now 80% of them wets or worse. Steve baker for PM......but he is a trifle (fucking big trifle) cynical.
I am disappointed that SB didn't stand for conservative party leadership. I get that he's tired of it all but we need people who understand the system AND the real world to be in government.
This video just appeared in my feed and I'm impressed to finally hear such a rational explanation of what's happening. I was always impressed by Steve Baker when he was interviewed by the media. The media needs to get more knowledgeable in this area and also not be frightened to talk about it. Unless a problem is acknowledged a solution cannot be found which meets the needs of the population. I get the impression the media tries "not to frighten to punters" too often.
I watched this at the time, thought it was briliant, insightful, and ominous. I still think that. But given the news we're reading right now about the global financial markets and the rising inflation and interest rates in the bond markets, this is becoming really scary now. Steve was clearly right.
That was another interesting and informative interview. Finding out about policymakers experience, as opposed to an obsession with back stories. Well done 👍.
Lots of great points from Steve Baker, however, his analysis that Reform could only double their MP count to 10 in the next election (1:17:15) is totally wrong. The first past the post system means a party like Reform polling: - at 10% wins approx. 0 seats, - at 15% (2024 general election) wins approx. 5 seats, - at 22% (which is the current polling) 100+ seats. Proportion of the vote and MP seats is not a linear relationship, it's like a hockey stick, and Reform have reached the beginning of the rise. I'm not sure if Steve knows this, and as such simply wants to discredit Reform, or genuinely doesn't understand the first past the post system.
Steve, please join Reform. Conservatives are over. It's in the name. Conservative is to conserve. What we have isn't worth conserving. We need Reform for reform.
We need a Swiss style democracy and the ability to recall MP’s. We must have tiny government that only controls our armed forces. No income tax and pay the council only for the services you use.
Enjoyed the video. The reality is they’ll always be a guy like Steve who says the right things and voices common sense. However the lack of education (which is there for a reason) and the economic squeeze on the normal folk is only going to make this worse. Like you both said there is big bursting bubble coming and it’s only going to be one side that will suffer.
Steve is wrong on Reform, Peter is right. The local Reform group near me are all self employed business people who deserted the Conservatives, because they trashed their businesses and made it difficult, no impossible to spend the time and energy you put into running a business, and Peter knows this too. Reform are the new conservatives
Thing is they have been able to kick the can down the road for more than 50years at least. The main reason for that is that people just are extremely greedy and even more extremely stupid. This can and probably will go on for a lot longer than we think.
Politicians do not get busy ,the problem is many do not care because being an mp is the best job most of them can get ,and even if they only serve 5 years they still get thier pension. They are in it for money a career many would not make it in the real world of business.
They need this type of conversation played to students in secondary schools across the country, on replay.... The youth need to be informed to make better choices, as much as adults.
The youth are majority brain dead. Winter wonderland and sunny weather with alcohol and drugs. If they bothered to vote I think you will find they love Labour
What a pragmatic and rationalistic take on Reform UK potential and the need to stick with the Conservative Party as only workable political vehicle in the near future.
Steve giving it bigun… I seem to remember him standing in parliament, claiming to disagree with the authoritarian powers in the covid legislation and then proceeding to vote for it anyway.
Such wonderful interpretations creating a wonderful informative view. Congratulations steve for quoting while citing hayek vs Keynes thus great depression in the "UK Economy".
This is really good stuff. Shame to hear the frustration and (frankly) bitterness oozing out of Steve but great insight. My bother and I, years (decades) ago, came to the conclusion that thick people are the problem. Given the level of intellect needed to really understand this problem, most people qualify as thick and hence we’re stuffed. The Conservative Party won’t/can’t be the answer for many, many years. It’s too institutionally effed.
1:14:20 politicians are not to blame. We have a depoliticised or Managed Democracy where the Permanent Civil Service govern our lives. They have created this mess. Politicians haven’t governed in any meaningful sense for a long, long time
totally agree, power has been abstracting itself for nearly 100 years, and with it culpability has become so diffuse. even if we could, we don't know who to fire.
I always rated Baker until he got that ministerial post and then he instantly towed the party line like all the other droogs. I was very disappointed. Maybe he had little choice and felt it was better to stay on the inside rather than chuck in the towel. This interview has improved my opinion of him. I have watched it twice!! Would be good to have Domenic Cummings, Steve Baker and Matt Goodwin all round the table at one time.
I’ve just discovered your channel, excellent can we have more interviews like this one please, I’ve got respect for Steve Baker hope he comes back into politics he is one of the reason why I voted Conservative
Populism and Democracy are the same. It doesn't make sense to say engage in the democratic process by joining the Conservatives but joining Reform is simply being populist.
Agree, tories finished. We do need Nigel for hopefully a change. But Steve spoke one or two good things but some rubbish aswell, 14 years he was there. Well over a million in wages and hundreds of thousands in pension contributions from us the public. Na, he's had his bite of the cherry, hope he finds a rock to crawl under with Blair,Cameron and most of them. Sorry to be so cynical but they all talk a little bit of sense when their out of power (politicians).
Steve Baker has always been my favourite politician due to his honesty. I don’t fully agree with him on all he talked about on this podcast but his grasp on the reality of our economic future is certainly admirable. He gets the prize for the world’s most expensive umbrella purchase 😊.
During the 1950s i attended a charitable boarding school in London and have no memory of any teaching of business, commerce or economics. I went on to return to Dublin and qualify as a chartered accountant and work in investment banking. David mccabe aged 86
Very thought provoking. Hope this is not just ignorant confirmation bias on my part, but the topics discussed here chime perfectly with my way of thinking
I like Steve but I think he’s totally wrong about Reform, people are sick to death of both the Conservatives and Labour! Reform could win the next election. Also why didn’t he say that the size of government needs to be reduced drastically along with public services generally?
This is one of the best episodes of any podcast in a long time! We need more people like Steve in the world. This is exactly why the new podcast rebrand was an important iteration!
Thank you! I’m honoured and humbled!
I agree, this is a "must see".....
I hope Steve doesn't get too disheartened with his 14 years and instead uses it to have a bigger and more impactful voice.
I actually enjoyed it as well and like what I see of Steve Baker even though the things he said made me shout at the TV .
This will go down as the best interview of 2024
Gosh. Thanks!
Very wise words, and you hold Bitcoin!
I hope Trump does put Bitcoin on US Strategic Reserve then we sorted. Game Theory on. UK 2nd biggest Govt holder (unlike silly Germans who sold theirs)
Steve Baker for Tory Leader please
Agreed
I don't know. To me a lot of his views are also based on assumptions about the reality of money that are perhaps not true. Look up Richard Werner. Also. Debts that can't be repaid, won't be. It was ex BIS chief William White who stated that there's need for a clean slate, a debt jubilee. The world run on credit, but our debt based system from time to time needs a reset. Just as white says: debt jubilees have been going on for 5000 years. So again, a lot of what he says seem right but I believe are fundamentally flawed, and useless. It have been nice do another interview with him and Michael Hudson, Jeff Booth, Steve Keen in the same room. Not much of his advice will be left standing I think.
Can't believe Steve's still such an ardent Conservative after everything the parties done to him and the country. It needs replacing not rebuilding, can't rebuild a house on flawed foundations got to root and branch the whole structure.
Peter Hitchens had been banging on about this since Cameron - came out openly declaring that the Tory party couldn’t be reformed , but had to be utterly destroyed. A Zero Seats stance way way back in 2010.
I am more optimistic - but need active people to get in there and fix it
The conservatives are still supporting useless ideas that even Steve doesn’t agree with. They are not going to fix anything.
@@solowanty Tories are dying they let in 2/mil immigrants in 2 years they were in power fir what 14 years
Steve Baker is the politician we had and never knew we needed.
baker betrayed brexit
He never said it when he was in Parliament I would vote for him
@@martinwilby8942he betrayed the people who voted him in
He's a friend of mine. The real deal and a genuinely nice bloke.
Absolute b*llocks.
This was the most valuable conversation I have listened to in quite some time. Steve is clearly very smart, speaks these uncomfortable truths (to all sides), and gives you a lot to think about. I also can't describe just how refreshing it is to hear someone, who understands all these things, calling out Nigel Farage's BS......it's well over due. Cheer guys, brilliant.
I don’t think reforms policies are bullshit. What I think is you’ll see a coherent set of policies in three years time.
I am a retired 86 year old chartered accountant with a career in investment banking in dublin paris and luxembourg. Listening to lectures and debates on utube it seems to me that uk fiscal policy should should refocus away from mere fund raising to meet budgetry requirements to using tax policy as an incentive to investment ...we started doing this in Ireland in 1960 with publication of our first programme for economic expansion......well worth a quick read. Among those early ideas was zero taxation on growth in export sales, a 10% tax rate for manufacturing and immediate tax write offs for new investment in plant and equipment. The idea is to use taxation policy to promote investment and growth not to raise taxation income per se. I am a very happy beneficiary. David McCabe Dublin
This has encouraged me to start looking more closely at the individual when voting and not just the party. Seems like a really good guy
Steve Bakers is very on=point he needs to do the round and get himself on all the major financial and political podcasts, Im afraid id never heard his talking points till now. Get yourself out there steve, you should get on novara media and other podacasts.
Very interesting interview with Steve Baker. He’s a straight talking guy and tells it as it is. That’s probably why the establishment doesn’t like him.
Sounds so credible, and I respected him, but really we haven't heard about WEF and Globalisation, about immigration on his watch, and when he says as an mp there's nothing he could do, then good that he's gone, he can join the others. I'm taking my chances with Reform.
What SB fails to mention is Zero carbon, EV cars, no ICE cars, no North Sea oil, no NorthSea gas, No Fracking, No Coal Mining, No £90,000,000/year for Chagos Isle, No overseas aid £11,000,000,,00 including China and India who both have a bigger economy than UK have Space projects bigger Armies and nuclear powers. Do I need to go one?
That is because he is pushing the very neo liberal polices that have wrecked us. The neo liberals won’t solve all this disastrous deindustrialisation. There has to be a policy direction from government for productivity. It doest mean you nationalise everything, but you have to direct the economy away from all this green agenda.
What's your point?
Wow! This conversation is densely packed with valuable insights on our political reality as well as gives a realistic pragmatic perspective on our political future.
Absolutely brilliant episode. Steve Baker shows that he is incredibly well informed and seems to be a really nice guy. Rare in a politician.
He's clever😊
Questions about rule of law in El Salvador...it's an experiment so far. He resigned too so he could stand again...manipulation of the system??
Steve's point about winter fuel payment was disingenuous. Energy prices are insane because government bodged up the UK energy policy. People would keep the £300 this year for sure.
Do a debate with Nigel Farage and Steve Baker! Let’s see who has the best ideas.
Finally an MP(former sadly) who understands basic economics. Never thought I’d see one.
Whatever ones political persuasion, everybody should watch this interview for an inside perspective on how politics works and a reality check on whee we are heading.
What Steve doesn’t realise is that he was incredibly popular with the public and a lot wanted him as PM. But that went when he sided with the establishment to do that job over in Northern Ireland. The public arnt daft
This is your best episode in the Mr. Obnoxious era
A couple of English accents in sensible conversation. It's very refreshing. Great 👍
Always liked Steve Baker he talks a lot of sense. Labour will turn this country into a basket case but so would a conservative government all be it a little slower.
They’re just two cheeks of the same arse.
The country needs people like him who know what they are talking about and are not afraid to say it.
Brilliant interview
I love this guy! I want politicians like him here in US.
Same
Great message, great interview
At last One gentleman that knows the UK WILL COLLAPSE! It’s just a matter of time. I also have said for decades the UK has lived and punched above and beyond its means for decades in all ways - socially, economically and militarily. It’s a long slow economic decline until its eventual collapse. The UK is a tiny little island that really DOES NOT have any say on the world table but still thinks it does. If you can get out then go! And never look back! I say this after also serving and wearing the Union Jack in my arm for 6.5 years as a royal marine! Now working in oil/gas. Looking at getting out next year. All the best people. You will need it! Cheerio
Switzerland is even smaller, but definitely not going to collapse. The UK was ruined by New Labour, prior to that things were economically sustainable. The trouble is that a Millei or Farage type character would be needed to sort it out and maybe it's too late?
Getting nutrient dense food & clean water will become a full time job when the global tsunami hits. UK is done but where isn't?!
@@jamebrowit is too late.
It's all about the will to win.
Absolutely fantastic conversation, thanks for sharing!
Steve, it was worth it. Frustrating though it may have been for you personally, you should be proud of your contribution in politics. Thank you and I wish you all the best.
I've listened to this four times now. So much insight and sense from a man that I once thought I despised, before I took it on myself to learn about economics. Bravo!
Really enjoyed this. Always felt Steve Baker had too much integrity to be in politics but the reality is that Parliament needs more who speak the truth than it currently has.
He would make a great leader whose honesty would appeal to the electorate. Until he told them what the real issues were and how they would need solving. Such a shame that people like him are wasted on a broken and fucked up system that is not fit for purpose.
Thanks. I’m honoured indeed. Having lost my seat, I won’t be back in parliament but we can all do a great deal by writing to MPs asking them specific questions about these issues.
The Conservative Party looked pretty Social Democratic to me for the past 14 years.
One of the best interviews
Thanks!
This is a brilliant interview and it's great to see Steve Baker unconstrained from having to toe the line as an MP. Everything he says resonates with those of us who have read Mises, Hayek, etc. The one thing I'd like to ask him is why the great and the good of the economics profession, including some very smart people, seem to reject Austrian economics. Some of them even embrace the madness of MMT. I understand why an accountant like Murphy does, but where are the prominent Austrians in the Treasury and elsewhere? I understand if Steve doesn't want to run for Parliament again, but we really do need him there.
I’m pleased someone has voiced and explained the situation that I have been concerned about for decades. The latest budget shocked me into realising there will be no change and excess spending vs income will continue.
Coming up :- means-tested pensions, even higher taxes and public service cuts. The earlier it’s tackled the better, but it will be after a collapse I think. I’m already moving assets abroad and will pay tax as a non U.K. dom elsewhere. So yet more revenue loss from stupid policies. I hope they woke up one day
Well Reform is consistently polling above the Tories. Real change can come from Reform UK. Vote Tory, get Labour!
This is my favourite episode of any podcast, ever.
Great interview apart from the Reform bashing.
I had no idea that Steve Baker was so smart. Thank God for social media!
Loved watching this guy rage on the election day against George Osborne over a miscomm, on Good Morning Britain.
That's how you know he genuinely cared about the job, his constituents and employees. I'm hard-left, but I always respect a knowledgeable guy who has principles and scruples. His abjection for Guantanomo, his knowledge on economics, fighting spirit and actually caring about the job, of course endears himself to me.
Cracking interview / debate, thank you 👍
Thoroughly enjoying this podcast! Loving your guests, their wisdom, their educational value, their perspectives, their challenges and the great need we have to input the right kinds of men and women into the democratic system. We desperately need to weed out the chaff from the wheat!
Great show.. loved it. As a follower of UK politics, Steve certainly knows his stuff.
What a thoroughly insightful, interesting & sobering interview.
Unbelievably good watch, such a good two hours. So little people in the UK understand any of this so well done, Steve for PM
Thanks! I’m honoured. Alas I lost my seat - I’ll not stand again.
Iv been telling everyone to watch the bond market everything is priced of the 10 year guilt when yeilds go up bonds prices go down that's why the bank of England is in trouble with the unrealized losses on the balance sheet which the UK treasury has too pay the losses just as the bank of England pays the treasury any realised gains
Really good episode - Truth
Talk about gaslighting viewers- blame the pensioners and ignore the 9,000,000 not-in-work adults we have. And ignore the massive cost EACH immigrant, legal and illegal, costs the country. And each of those immigrants WILL also demand a pension. Can we get someone on who can tell the truth and provide solutions?
This is the most honest and scary thing I have watched in ages...A long time ago, a relative of mine was an intern with a Lib dem in Camerons time, he was a senior minister and was trying to get her knickers off (yes she was young and pretty and yes he was married) after a few drinks she asked him advice for the future and her pension......he said quite candidly...My dear......there will be no pension?? you should invest in land and gold...Ha ha No pensions??? he said well you may have to work until you are 70 or more to get a pittance..but there is no money for it. He must have had a modicum of economics.....She kept her knickers on, but it made her think about the future. I would rather the UK go under than the Shiiiity people that are conservatives now 80% of them wets or worse. Steve baker for PM......but he is a trifle (fucking big trifle) cynical.
Excellent.
One of the few MPs that understands monetary economics.
Just excellent
I am disappointed that SB didn't stand for conservative party leadership. I get that he's tired of it all but we need people who understand the system AND the real world to be in government.
He wouldn't have got through. No support from the establishment MPs, and he doesn't have the radical rhetoric that Tory members want.
This video just appeared in my feed and I'm impressed to finally hear such a rational explanation of what's happening. I was always impressed by Steve Baker when he was interviewed by the media. The media needs to get more knowledgeable in this area and also not be frightened to talk about it. Unless a problem is acknowledged a solution cannot be found which meets the needs of the population. I get the impression the media tries "not to frighten to punters" too often.
The government he spent years supporting is responsible. Why is he saying this now?
Please get Steve to do his own podcasts about all of this. He needs to be heard!
I watched this at the time, thought it was briliant, insightful, and ominous.
I still think that. But given the news we're reading right now about the global financial markets and the rising inflation and interest rates in the bond markets, this is becoming really scary now. Steve was clearly right.
Steve is wrong about being able to fix the Conservative party. The wets are in control and won't let go.
Came back to listen to this interview for a 2nd time 🎧
That was another interesting and informative interview. Finding out about policymakers experience, as opposed to an obsession with back stories. Well done 👍.
Lots of great points from Steve Baker, however, his analysis that Reform could only double their MP count to 10 in the next election (1:17:15) is totally wrong.
The first past the post system means a party like Reform polling:
- at 10% wins approx. 0 seats,
- at 15% (2024 general election) wins approx. 5 seats,
- at 22% (which is the current polling) 100+ seats.
Proportion of the vote and MP seats is not a linear relationship, it's like a hockey stick, and Reform have reached the beginning of the rise. I'm not sure if Steve knows this, and as such simply wants to discredit Reform, or genuinely doesn't understand the first past the post system.
all the more proof that first past the post is intended to supress third parties and only allows a new party to appear when an old one dies
Steve, please join Reform. Conservatives are over. It's in the name. Conservative is to conserve. What we have isn't worth conserving. We need Reform for reform.
We need a Swiss style democracy and the ability to recall MP’s. We must have tiny government that only controls our armed forces. No income tax and pay the council only for the services you use.
Great talk thanks. Steve Baker was one of the good guys in the last gov.
What an incredibly informative episode. I'd never heard of Steve Baker before watching this, what a great guy!
Enjoyed the video. The reality is they’ll always be a guy like Steve who says the right things and voices common sense. However the lack of education (which is there for a reason) and the economic squeeze on the normal folk is only going to make this worse. Like you both said there is big bursting bubble coming and it’s only going to be one side that will suffer.
I'd vote for him. Sensible and principled. Great conversation.
Steve is wrong on Reform, Peter is right.
The local Reform group near me are all self employed business people who deserted the Conservatives, because they trashed their businesses and made it difficult, no impossible to spend the time and energy you put into running a business, and Peter knows this too.
Reform are the new conservatives
Not all the way in but really good so far. Glad to see Steve on Nostr too.
Incredible interview.
Thing is they have been able to kick the can down the road for more than 50years at least. The main reason for that is that people just are extremely greedy and even more extremely stupid. This can and probably will go on for a lot longer than we think.
Politicians do not get busy ,the problem is many do not care because being an mp is the best job most of them can get ,and even if they only serve 5 years they still get thier pension. They are in it for money a career many would not make it in the real world of business.
Brilliant interview 👏🏻. The real people behind the scenes (that typically get ignored). We should heed his warnings
This is a superb interview and clarifies so much. However it also proves within our current system we're f....d, c'est la vie.
Great stuff. As someone with a short attention span I never thought I'd be so engaged by a nearly 2 hour long discussion.
They need this type of conversation played to students in secondary schools across the country, on replay....
The youth need to be informed to make better choices, as much as adults.
The youth are majority brain dead. Winter wonderland and sunny weather with alcohol and drugs. If they bothered to vote I think you will find they love Labour
Brilliant. I've found a new Podcast/er! This was a cracking episode. Looking forward to catching up with the other episodes over the next few weeks.
This is an outstanding interview!
Love the debate about Reform UK and Farage etc
What a pragmatic and rationalistic take on Reform UK potential and the need to stick with the Conservative Party as only workable political vehicle in the near future.
Steve giving it bigun… I seem to remember him standing in parliament, claiming to disagree with the authoritarian powers in the covid legislation and then proceeding to vote for it anyway.
Such wonderful interpretations creating a wonderful informative view.
Congratulations steve for quoting while citing hayek vs Keynes thus great depression in the "UK Economy".
This is really good stuff. Shame to hear the frustration and (frankly) bitterness oozing out of Steve but great insight.
My bother and I, years (decades) ago, came to the conclusion that thick people are the problem. Given the level of intellect needed to really understand this problem, most people qualify as thick and hence we’re stuffed.
The Conservative Party won’t/can’t be the answer for many, many years. It’s too institutionally effed.
1:14:20 politicians are not to blame. We have a depoliticised or Managed Democracy where the Permanent Civil Service govern our lives. They have created this mess. Politicians haven’t governed in any meaningful sense for a long, long time
totally agree, power has been abstracting itself for nearly 100 years, and with it culpability has become so diffuse.
even if we could, we don't know who to fire.
This is a good interview and really useful.
I always rated Baker until he got that ministerial post and then he instantly towed the party line like all the other droogs.
I was very disappointed.
Maybe he had little choice and felt it was better to stay on the inside rather than chuck in the towel.
This interview has improved my opinion of him.
I have watched it twice!!
Would be good to have Domenic Cummings, Steve Baker and Matt Goodwin all round the table at one time.
Agree with every point discussed. Another good'un Peter👍. (Saw the plot early and left - the wake-up was Austrian Economics).
This chap is spot on. Will be listening to him more now
I’ve just discovered your channel, excellent can we have more interviews like this one please, I’ve got respect for Steve Baker hope he comes back into politics he is one of the reason why I voted Conservative
His opinion would have a lot more weight if he was a Reform MP. Things don't change from the inside.
If he was a Reform MP, he'd have to defend Reform's plans to nationalise everything. Why would he do something stupid like that?
Sir Steve's analysis is superb
Steve Baker is brilliant. A bit blunt but he knows what he is talking about
Populism and Democracy are the same. It doesn't make sense to say engage in the democratic process by joining the Conservatives but joining Reform is simply being populist.
The conservatives are finished. Steve needs to join reform and get Nigel to change their economic policies.
Agree, tories finished. We do need Nigel for hopefully a change. But Steve spoke one or two good things but some rubbish aswell, 14 years he was there. Well over a million in wages and hundreds of thousands in pension contributions from us the public. Na, he's had his bite of the cherry, hope he finds a rock to crawl under with Blair,Cameron and most of them.
Sorry to be so cynical but they all talk a little bit of sense when their out of power (politicians).
Steve Baker has always been my favourite politician due to his honesty. I don’t fully agree with him on all he talked about on this podcast but his grasp on the reality of our economic future is certainly admirable. He gets the prize for the world’s most expensive umbrella purchase 😊.
I noticed you Steve. You’re one of the best.
Excellent . Wish Steve had done this interview, while in power . Respect .
First time I've come across this podcast, excellent listen Peter
During the 1950s i attended a charitable boarding school in London and have no memory of any teaching of business, commerce or economics. I went on to return to Dublin and qualify as a chartered accountant and work in investment banking. David mccabe aged 86
Very thought provoking. Hope this is not just ignorant confirmation bias on my part, but the topics discussed here chime perfectly with my way of thinking
I like Steve but I think he’s totally wrong about Reform, people are sick to death of both the Conservatives and Labour! Reform could win the next election.
Also why didn’t he say that the size of government needs to be reduced drastically along with public services generally?
Exactly right. We need a reformed conservative party.
Does he mean the 14 years his party was an abomination?
Maybe, the best people from the conservatives will join Reform and help improve it…
My boy is wicked smart!