#196 - Sam Bowman - The U.K. Is Becoming a Poor Country

Sam Bowman joins me to discuss why Britain is approaching two lost decades of stagnant median wages and why the country is now far poorer than it should be. Sam argues that Britain does not lack talented people, capital or ideas; it has created a centralised political and regulatory system that makes building, investing, hiring and experimentation increasingly difficult.

At the centre of Sam’s argument is his “housing theory of everything”. Britain’s refusal to build enough homes in its most productive cities has made housing unaffordable, delayed family formation, reduced social mobility, weakened productivity and tran...