FT News Briefing Martin Wolf on saving democratic capitalism: epilogue
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Jun 18, 2023 
Jonathan Derbyshire, the Executive Opinion Editor at the Financial Times, engages with Martin Wolf, a renowned economics commentator. They dive into the alarming decline of democracy and the rise of populism, highlighting how economic forces, such as income inequality, are undermining democratic systems. Wolf proposes citizens' juries as a powerful tool to enhance representation and fix governance issues. The conversation wraps up with a reflection on the vital role of historical awareness in leadership and the future of democratic capitalism.
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Economics' Impact
- Economics significantly influences politics and culture, sometimes in subtle ways.
- Material conditions and technological advancements shape societal organization and thinking.
Social Media's Transformative Role
- Social media transforms political dialogue by enabling peer-to-peer interaction, unlike traditional media.
- This makes it harder to maintain objectivity and fact-check, while opening avenues for foreign interference.
Identity Politics and Democratic Erosion
- Intense cultural and identity-driven politics hinder democratic processes by eroding trust between differing viewpoints.
- To fix this, we need a politics that prioritizes common ground over identity issues.
