Our System is a Mess | Martin Wolf and Mervyn King on Democracy, Debt and Digital Currency (part 3)

The former governor of the Bank of England meets the renowned Financial Times commentator for a reckoning on why the relationship between democracy and capitalism is coming undone - and what we can do about it.
We are living in an age when economic failings have shaken faith in global capitalism. Political failings have undermined trust in liberal democracy and in the very notion of truth.
The ties that ought to bind open markets to free and fair elections are being strained and rejected, even in democracy’s notional heartlands.
Some now argue that capitalism is better without democracy; others that democracy is better without capitalism.
Live on stage in London and via livestream, Martin Wolf - one of the wisest voices on global affairs - will argue that for all its recent failings - slowing growth, increasing inequality, widespread popular disillusion - democratic capitalism, though inherently fragile, remains the best system we know for human flourishing. Most important of all, he will present a programme for renewal, with fresh ideas to rescue our democracy.
Martin Wolf is Chief Economics Commentator at the Financial Times. He was a member of the UK’s Vickers Commission on Banking, which reported in 2011. He holds an honorary doctorate at the London School of Economics and is an honorary Fellow of Nuffield College, Oxford. He is a member of the International Media Council of the World Economic Forum. In 2000, he was awarded the CBE for services to financial journalism and in 2019 won the Lifetime Achievement Award at the Gerald Loeb Awards. His books include The Shifts and the Shocks, Fixing Global Finance and Why Globalization Works.
Mervyn King was Governor of the Bank of England from 2003 to 2013 and is currently Professor of Economics and Law at New York University and School Professor of Economics at the London School of Economics. Lord King was made a life peer in 2013 and appointed by the Queen a Knight of the Garter in 2014. He is the author of The End of Alchemy.

[@roberta9833]

Really interesting! Many thanks 🙏

[@johnpayne6196]

The UK is completely finished. Too many non contributors here. Very few contributing towards upholding the economy. Excess demand placed upon the economy for example the NHS, education, housing, infrastructure, legal system. Get rid of the non contributors ASAP - things will be less stressful!

[@Albert-xd2zd]

money answer I will make you happy

[@huwzebediahthomas9193]

Banks are organised barter system. The pound is paying by original barter sheep, think the name.

[@marxwasrightyall]

Capitalism was designed to do just what it’s going. There is no “problem” with capitalism to capitalists.

[@huwzebediahthomas9193]

This lazy capitalism since 1979 is most tiresome, what can we liquidate next, etc..

[@ZGoddessLola]

Central banks almost all are owned by couple of families. 😂

[@superlight7654]

Silly people selling off their assets. Companies sold to foreign companies.

[@kevinguyan522]

The road between capitalism and sustainability has a fascist speed bump in the middle; buckle up.

[@aristocraticrebel]

Fascism IS sustainability. Deep ecology was a fundamental part of fascism.

[@jamesruscheinski8602]

Christ words and spirit of eternal life for kingdom of God substantive nature

[@neilbohrs5990]

There's always a brainless Christian out to recruit more people to worship a monstrous god. Any god who feels he needs to flood the entire world and pretty much mass genocide every one but a handful of people is a monster. Any god who nuked two cities is a monster. A god who ordered Joshua to kill every man, woman, child, baby and animal in Jericho in a monster. A god that demands we worship him or suffer in hell is a monster. A god that teaches us to hate and be judgmental about LQBT and people who worship a different god is a monster. A god that teaches us to cower in fear of his wrath, to know how worthless we are without him and to believe irrational things is a monster. That this is all done by one monstrous god and yet people still woship him is baffling. With a god like that, who needs the devil? But I understand. Believers are scared of hell, so they'll convince themselves that their god is loving and worship him. What stupid cowards.