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Universal suffrage democracy emerged out of market capitalism. But the marriage between these economic and political systems is always difficult. Unstable capitalism threatens plutocracy or autocracy. Democracy threatens economic populism. Today, the relationship between the two systems is in crisis across the western world, especially in the US and UK, as the economic and social changes brought about by global capitalism undermine democratic stability. How has this happened, and what can be done to rebalance the relationship?
At this event Martin Wolf, Associate Editor and Chief Economics Commentator at the Financial Times, delivered a talk titled "Saving Democratic Capitalism" and then joined five University of Chicago faculty members in discussion about this crucial challenge.