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Index/Finance/In the Company of Mavericks
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A Buffoonocracy in Need of a Bond Crisis - The Plight of the UK as Reported from Mississippi with Douglas Carswell

In the Company of Mavericks · 2026-06-24 · 46 min

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Episode notes

Speak to Finance Talking for your financial communications training requirements. Mississippi Wins Douglas Carswell helped win the Brexit referendum, then left Britain in frustration to run the Mississippi Centre for Public Policy in a state that has quietly overtaken the UK in GDP per capita. In this episode, I talk to Douglas about why Britain has become, in his words, ungovernable and what investors and policymakers should take from the booming American South. It's a contrarian, uncomfortable, and genuinely thought-provoking conversation, about decline, fiscal reality, and the unfashionable medicine Carswell thinks Britain will eventually have to swallow. Whether or not you share his politics, the diagnosis of why nothing seems to work is worth a listen. Recorded on yet another day of Westminster upheaval, the conversation ranges from the structural causes of UK political instability to the hard fiscal maths now closing in on the gilt market. Carswell argues that Blair-era reforms handed power to judges, civil servants and quangos, leaving elected governments "in office, but not in power".

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