Martin Wolf | Crisis of Democratic Capitalism

An interview with Martin Wolf, Chief Economics Commentator at The Financial Times, on his recent book: The Crisis of Democratic Capitalism
Available on Amazon: www.amazon.com/Crisis-Democra...
Short form (10 mins) version - (0:00)
Introduction - (10:05)
What is The Crisis of Democratic of Democratic Capitalism about? (10:16)
Motivations for writing the book (11:38)
What have you learned since writing your first book? (13:30)
How have your personal view changed since over the past couple of decades? (15:39)
Who have been your greatest influencers? (18:44)
Why is capitalism a fundamental pillar of democracy? (22:24)
Why advocate democracy when history shows it as the exception rather than the norm? (27:57)
How are rentier and crony capitalism different? (32:47)
What solutions do you propose in your book to safeguard democracy? (36:49)
How can our political systems be improved or reformed? (40:53)
Democracy vs Autocracy: Similarities, differences and problems (44:52)
Future work: Which areas would you like to explore further? (51:08)
What potential challenges does AI pose to democracies? (56:39)
How do you envisage AI will impact the new media industry? (1:01:19)
Follow Martin Wolf at www.ft.com/martin-wolf

[@Grace17893]

God bless you; reasonably fair

[@richardpeterson1383]

I love to listen to this man! He is calm, logical, and organized in his thoughts.

[@hjiang3828]

I pass through some papers to you in 2019 regarding my opinion which were against your paper at FT newspaper. Do u remember

[@krcalder]

What would it be like if we could remember the past? Before the new liberal order (neoliberalism) there was an old liberal order. We stepped onto an old path that still leads to the same place. 1920s/2000s - neoclassical economics, high inequality, high banker pay, low regulation, low taxes for the wealthy, robber barons (CEOs), reckless bankers, globalisation phase 1929/2008 - Wall Street crash 1930s/2010s - Global recession, currency wars, trade wars, austerity, rising nationalism and extremism 1940s - World war. We forgot we had been down that path before. Everything is progressing nicely and we are approaching the final destination. This is what it's supposed to be like. Right wing populist leaders are what we should be expecting at this stage and it keeps on getting worse. I remember now, it was Keynesian capitalism that won the battle of ideas against Russian Communism. These liberal phases never end well. It sounds so good, but ends so badly. WWIII next stop. Our recently developed mythology about liberalism isn’t based on past experience. This is what it’s always like.

[@michaelsamuel7365]

The unemployed, employed , retired can have the spending power to meet the basic cost of living expenses.