The Democratic Recession in the World

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

If the government owned everything, democracy would be almost impossible as you've defined it. So if you look at those conditions, and particularly the possibility of organizing an opposition, that would seem to imply some degree of economic decentralization. And one reason why we've seen a very dramatic changes, I think in the last two or three years, India has ceased to be a democracy. That is a very stunning and worrisome development.

In this second episode of Martin Wolf’s series, the renowned FT columnist and economist speaks to Larry Diamond, a leading contemporary scholar in the field of democracy studies and a senior fellow in global democracy at the Freeman Spogli Institute for International Studies at Stanford University. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what’s behind a deepening global ‘democratic recession’.

Links

Martin Wolf: in defence of democratic capitalism

For Martin’s FT columns click here

For the FT review of Martin’s book click here

This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.

Clips: BBC, CNN, WION

Read a transcript of this episode on FT.com

Hosted on Acast. See acast.com/privacy for more information.