Saving Democratic Capitalism

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The Cuban Missile Crisis of 1962 proved the high watermark for the Soviet Union. Nikita Khrushchev backed down from the nuclear brink and would later be deposed. Meanwhile the once booming Soviet economy became mild and corruption and stagnated. What about now are we once again at a high water mark for the world's autocracies with Russia facing a debut in Ukraine? And if so what can the world's democracies do to push back? Nick Saturday will be speaking to someone who has first hand experience of doing just that, former US Secretary of State Hillary Clinton.

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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