IL17: The Dangers to Democracy ft. Martin Wolf
Top Traders Unplugged
The Importance of Being Alarmist
"It's better to be alarmist than complacent," he says. "Once historical processes start working really badly, it's too late." He would advise people against assuming that worse can't happen.
This episode features a discussion with Martin Wolf, the FT’s Chief Economics Commentator and “the world’s preeminent financial journalist”. Wolf’s new book The Crisis of Democratic Capitalism explains why the marriage between democracy and capitalism is breaking down, not from external threats but from within. He expands on these internal threats during our conversation, which he believes have the potential to end US democracy in the coming years and in his book he outlines a range of critical reforms we can undertake to avoid this fate. You won't want to miss this thought-provoking conversation.
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Episode TimeStamps:
02:23 - Introduction to Martin Wolf
07:45 - Why do capitalism and democracy go so well together?
14:46 - The conflicts between capitalism and democracy
18:43 - Is the risk to democracy global?
23:15 - A changed view after the election?
27:29 - Making process in a divided country
35:00 - A sign of desperation
36:58 - Success takes small steps?
44:35 - The importance of local democracies
50:58 - Thanks for listening
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