The Peter McCormack Show11 Nov 2025

#127 - Ewen Stewart - The Leviathan State, Civilisational Decline & the Way Back

Ewen Stewart is one of the UK's sharpest economic thinkers.

In this conversation, we unpack what's gone wrong, from bloated welfare and debt-fuelled decline to brain drain, overregulation, collapsing growth and the cultural death spiral hollowing out the UK.

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CONNECT WITH EWEN STEWART › X/Twitter - https://x.com/TheGrowthComm

SPONSORS › IREN - https://www.iren.com/ › Ledger - https://www.ledger.com/ › Gemini - https://gemini.com/ › Casa - https://casa.io/

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TIMESTAMPS: 00:00:00 – Introduction 00:05:00 – Growth Collapse Since 2008 00:07:17 – Austerity Was a Myth 00:10:00 – Quangos, Control & Chaos 00:17:58 – Brain Drain & Stagnation 00:20:39 – The Rich Are Leaving 00:23:01 – Lessons From Ireland 00:25:51 – Britain's Last Assets 00:27:15 – What Killed Entrepreneurship 00:30:54 – Can We Cut the State? 00:33:30 – BBC, Civil Service & Pushback 00:35:48 – Reform Needs a Plan 00:38:40 – Spending Cuts & Tax Strategy 00:41:00 – Employment Law Is Killing Jobs 00:50:12 – Sound Money & Tax Cuts 00:52:55 – Energy Prices Are Killing Industry 00:56:25 – The Civil Service Is Unaccountable 01:10:30 – Culture, Decay & the Death Spiral 01:13:00 – What Sound Money Really Means 01:16:30 – Why Keynesianism Dominates Everything 01:21:00 – Why We Need a Counter-Revolution 01:26:00 – Hope, Talent & the 11th Hour 01:29:40 – Britain's Economic Identity Crisis 01:38:30 – Why No One Wants Growth 01:42:00 – Final Thoughts

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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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