The Crisis of Democratic Capitalism

The Sound of Economics is bringing you a summer 2023 special series, 'Read with Bruegel.' In this series, we have the pleasure of hosting renowned authors who will discuss various economic issues based on their insightful books. We hope this conversation will inspire you to explore their books and offer you some food for thought during your summer break.

In the first episode of the series, Bruegel Director Jeromin Zettelmeyer welcomes Martin Wolf, Chief economics commentator at the Financial Times to discuss his latest book ‘The Crisis of Democratic Capitalism’.

Liberal democracy is in recession and authoritarianism is on the rise. Together, Jeromin and Martin discuss why democracy and capitalism are mutually sustaining in a world like this. They define the concept of democratic capitalism, explain why it is in a crisis and outline the proposed solutions.