AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
2min snip
S3E11: Extreme wealth will destroy democracy - FT’s Martin Wolf
Making Money
The Relationship Between Capitalism and Democracy
The dynamic between capitalism and democracy is intricate and can be both complementary and conflicting. Capitalism tends to concentrate wealth and power in the hands of a few successful individuals, which can undermine the principle of political equality in a democratic system. While in a democracy, anyone can hold political office regardless of wealth, extreme wealth disparities created by capitalism can erode democratic values. The key premise is that in a democratic society, wealth should not equate to power; however, unfettered capitalism can jeopardize this principle and potentially dismantle democracy.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode