The Appeal of Democracy

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I don't want listeners to leave thinking that you or I share a vision of despair. Despite obvious problems and failures, what I call democratic capitalist societies have all in all been staggeringly successful. So it seems to me, we should have some optimism that our system can again adjust and adapt to the change economic political and as you stress technological forces upon us. In any other sort of society, they're all going to be utterly miserable. Just have to look up how Putin is treating his oligarchs and his intellectuals. There must be hope that we are going to be able to make this.

In this third episode of Martin Wolf’s series, the renowned FT columnist and economist speaks to the journalist and historian Anne Applebaum, who has written extensively about the history of communism and the development of civil society in central and eastern Europe. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what lies behind a global rise in autocracy and what can be done to counter it.

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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 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: C-Span, France 24, Soviet radio, BBC, Stanford University, CBS

Read a transcript of this episode on FT.com

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