The Bunker – News without the nonsense Break the bank: Are we doomed to repeat our financial crises?
Feb 21, 2023
30:09
After the Financial Crisis, many expected a new approach to the economy to be taken. Instead, lessons were forgotten quickly and countries continued to rack up debt whilst subscribing to the old order of things. Martin Wolf, author of The Crisis of Democratic Capitalism joins Alex Andreou to discuss whether we’re destined to repeat the past.
- “After communism failed, the western leaders… came to feel that our systems had won, they were overwhelmingly successful.”
- “The working class which had been atomised… this story of resentment and anger against elites and immigrants is a very powerful story.”
- “What economics is wrong about is the assumption that a reasonably competitive economy can be sustained without consistent and active engagement.”
Written and presented by Alex Andreou. Producer: Jet Gerbertson. Assistant producer: Kasia Tomasiewicz. Lead producer: Jacob Jarvis. Bunker music by Kenny Dickinson. Audio production by Robin Leeburn. Group Editor Andrew Harrison.
THE BUNKER is a Podmasters Production
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