FT News Briefing Martin Wolf on saving democratic capitalism
6 snips
May 29, 2023 
In this thought-provoking discussion, Martin Wolf, a renowned FT columnist and economist, shares insights from his book, "The Crisis of Democratic Capitalism." He reflects on the current trials faced by liberal economics and democracy, shaped by his own experiences as the child of Jewish refugees. The talk navigates the impact of rising populism, the role of media in democracy, and the delicate balance between market forces and democratic values. Wolf’s unique perspective adds depth to the urgent dialogue surrounding the fate of democratic governance.
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A Child of Catastrophe
- Martin Wolf's parents were refugees who met in England due to Hitler's actions.
- Without this catastrophe, Wolf wouldn't exist, highlighting the irony of his life.
Impact of Family History
- Wolf's family history, primarily composed of refugees, shaped his worldview.
- Growing up in this unique environment instilled in him a different perspective than most English people.
Inherited Pessimism
- Wolf's father left Vienna in 1937, anticipating danger.
- His grandfather rescued his immediate family by trawler in 1940, while his extended family perished.
