The Premature State: Why Ireland Can’t Build Itself

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The David McWilliams Podcast 44 min 3 speakers 8 chapters transcribed 4 months ago
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What is the main topic discussed in this episode?

David McWilliams 0:00
Just a quick heads up on the podcast. We'll be talking to the brilliant, brilliant, innovative thinker Sinead O'Sullivan about her views of what can be done to fix Ireland. And again, the issue is... Why do we have this incredible standard of living and this lamentable quality of life? Why is Ireland a rich country that feels poor? It's not just economics, it's data, it's anthropology, it's history, it's society, all put together. Don't miss it. It's coming up in a couple of minutes. To understand the economy, you have to understand human nature. This podcast is powered by ACAST. How are you doing there? It's time for the podcast. And we have a very, very important podcast coming up because we are going to, not some showcase, but we're going to interview Sinead O'Sullivan, who is a brilliant, brilliant young economist, former engineer, MBA holder from the Harvard Business School, a master's in aerospace engineering from Georgia Tech, and a very, very brilliant thinker who has...

Why does Ireland feel poorer despite being one of the richest countries in Europe?

David McWilliams 1:17
driven at coaching horses through Establishments Ireland's very, very cozy view of the problems of this country. Okay? So we're going to talk to Sinead in a couple of minutes. The reason is she wrote a brilliant sub-stack highlighting why she believes Ireland is a premature state. Not a mature state, a premature, that we haven't matured. And the gap between what people hear about the country being the richest country or the second richest country, and their daily, daily experience of housing, of traffic, of health, et cetera, et cetera, that gap can be explained I'm going to let her talk about it, by an inability to build institutions, proper institutions, and everything flows from that. Now, what I found really interesting, and one of the reasons I wanted to have her on this show, was because of the reaction of Official Ireland to her.
David McWilliams 2:17
Which was? Which was, of course, undermining. To undermine all the time. So what I hate... Why? Let me just talk about it. Knit pickers. Do you know what a knit picker is? Not a nose picker. No, a knit picker, right? A knit picker is... a sure first sign of a third-rate mind. Right. People who nitpick have third-rate minds. And the reason it is is because their whole energy is diverted towards undermining the big thinker, right? Yeah. So they're always looking at minute technical inaccuracies, perceived inaccuracies, minutiae, tiny little details. And what they do, so the big thinker comes out with this courageous, ambitious notion, look, this is what explains the world. The little thinker, the nitpicker, gets threatened by that.
David McWilliams 3:20
Okay? They're insecure. They're not imaginatively, they're not emotionally or intellectually ambitious enough or, dare I say, clever enough to do the big thinking. And we know a lot of them. So what they do is they try to say, okay, I am going to look at the data. So Sinead wrote this piece. Yeah. She probably should have used a thing called GNI, which is a more accurate indicator of Irish wealth than GDP. Right? Okay. Yeah. That's... I don't know what she said was fine. Change it. But the conclusion is absolutely the same, which is that Ireland is missing something fundamental. Yeah. How can you be so rich and have such second and third rate public services and public infrastructure? So if she used GNP, or sorry, GNI Star.
David McWilliams 4:09
Yeah, so if she used the GNI it would have been, the results might have been slightly different. Slightly different. But the general trust of our point is the same. The nitpicker arrives in. These little wankers arrive in. Because they've had a go at me, so this is a personal thing, right? Right. I've had a go at you. I'm not a nitpicker. Yeah, but you're not. You're a big... You're just my old mate. You can have a go at me all the time. Your job is to say, you see that little pedestal you're on now? I'm going to fucking knock you down. That's your job, right? But you're absolutely right. The nitpicker basically stifles any constructive discourse. This is the whole thing. They want to reduce the public confidence in the dissenter, in this case,

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