The Importance of Balance in a Civilized Society

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The book carries an epigraph, a phrase that appears at the shrine of Apollo at Delphi. Nothing in excess. Why did you choose that as your motto? 40 years ago, like many people, I thought it was important to reintroduce a greater reliance on market forces. If that balance is broken, politics overwhelms the economy and you get extreme autocracy.

In the first of this four-part series, the renowned FT columnist and economist Martin Wolf tells the FT’s executive opinion editor Jonathan Derbyshire why he fears the marriage of liberal economics and democracy may be facing its toughest test in decades. Drawing on arguments in his latest book, The Crisis of Democratic Capitalism, Martin explains how his own life story and career have shaped his views.

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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 Jonathan Derbyshire. 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, Fox News

Read a transcript of this episode on FT.com

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