The Peter McCormack Show #076 - Freddie New - From Caesar to Starmer: The Death of a Nation
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May 21, 2025 Freddie New, a savvy lawyer in fintech and Bitcoin advocacy, breaks down the inefficiencies plaguing government operations compared to the private sector. He discusses growing discontent with the UK government and historical parallels to the American Revolutionary period. The conversation shifts to Japan's demographic challenges, echoing similar concerns in the UK about an aging society. New also explores classical literature's influence on modern governance, emphasizing Bitcoin's role in navigating economic challenges and advocating for empowered local governance.
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Government Lacks Efficiency Incentives
- Government operates without the same efficiency pressures as businesses due to no direct financial consequences.
- This leads to increased costs and inefficiency, as seen with proposed hires despite low productivity.
Government Increases Business Cost
- Business owners face numerous government-imposed costs that distort true employment costs.
- These regulations force businesses to raise prices, ultimately squeezing customers and owners alike.
National Insurance Is Misunderstood Tax
- National Insurance is a disguised tax, not a dedicated fund for future benefits.
- Demographic shifts mean fewer contributors will support more pensioners, increasing fiscal strain.