In this insightful discussion, Martin Wolf, Chief Economics Commentator at the Financial Times and author of 'The Crisis of Democratic Capitalism,' analyzes the chaotic economic landscape ahead. He highlights the potential global upheaval from a Trump win, the challenges posed by China's demographic shifts, and rising geopolitical tensions. Wolf delves into AI's disruption on job markets, the significance of effective policymaking, and the looming economic threats from high debt levels and political discontent. A must-listen for future-focused thinkers!
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insights INSIGHT
Global Economic Outlook
The global economy's short-term future is uncertain and depends on unforeseen shocks.
Long-term drivers are more predictable than short-term fluctuations.
insights INSIGHT
Economic Impact of a Trump Presidency
A Donald Trump presidency would primarily impact trade and fiscal policy.
His high tariffs and expansionary fiscal policy would likely cause economic disruption.
insights INSIGHT
UK's Economic Vulnerability
The UK's economic vulnerability to global shocks hasn't significantly changed.
Being a small, open economy makes the UK susceptible to global events like trade wars or pandemics.
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In this book, Martin Wolf examines the strained relationship between capitalism and democracy, highlighting how economic and political changes have undermined this marriage. He argues that despite its recent failings, such as slowing growth and increasing inequality, democratic capitalism is still the best system we know for human flourishing. Wolf emphasizes that capitalism and democracy are complementary opposites that need each other to thrive and that their separation would be catastrophic. The book concludes by discussing what needs to be done to address the threats to liberal democracy itself.
2024 is set to be a seismic year. A win by Donald Trump in the US presidential election could upend the world economy, ongoing military conflicts could continue to escalate and the race to develop AI will accelerate as China and the US battle it out for technological supremacy. Who better to make sense of these unsettling and fast-changing times than Martin Wolf? He is Chief Economics Commentator at the Financial Times and widely regarded as one of the world’s most influential writers on the global economy.
A multi-award-winning financial journalist, Wolf has been chronicling and analysing geopolitical and economic upheaval for nearly 40 years. He has written five bestselling books. His latest, The Crisis of Democratic Capitalism, maps out the implications of globalisation, technological development and the impact of democratic decline on the global economy. The host for this event is BBC News Presenter Jonny Dymond.
This recording is part of The Intelligence Squared Economic Outlook series of events made in partnership with Guinness Global Investors, an independent British fund manager that helps both individuals and institutions harness the future drivers of growth to achieve their investment goals.
To find out more visit: https://www.guinnessgi.com/
If you would like to attend The Intelligence Squared Economic Outlook's next event focusing on China with economist Keyu Jin, visit www.IntelligenceSquared.com/attend
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