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A conversation with Martin Wolf, chief economics commentator at the Financial Times, London. We discuss his recent book -- The Crisis of Democratic Capitalism -- and recent events.
Wednesday, March 12, 2025 During the first hour, he speaks with the Executive Director of The Denny Center for Democratic Capitalism, Bruce Shaw. Bruce joins him in the studio to talk about trends in businesses. Connect with us on Facebook at facebook.com/pointofviewradio and on Twitter @PointofViewRTS with your opinions or comments. Looking for just the […]
2025 is set to be a seismic year for the global economy. Donald Trump will return to the White House with an ‘America First' agenda that threatens to dismantle global trade. Wars in Ukraine and Gaza could continue to escalate and cause turmoil in diplomacy. 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, Chief Economics Commentator at the Financial Times? Widely regarded as one of the world's most influential writers on the global economy and 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. Wolf joined us onstage for the this installment of the Intelligence Squared Economic Outlook as he discussed what we can expect from 2025 and beyond in conversation with BBC News presenter and Royal Correspondent 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/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
2025 is set to be a seismic year for the global economy. Donald Trump will return to the White House with an ‘America First' agenda that threatens to dismantle global trade. Wars in Ukraine and Gaza could continue to escalate and cause turmoil in diplomacy. 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, Chief Economics Commentator at the Financial Times? Widely regarded as one of the world's most influential writers on the global economy and 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. Wolf joined us onstage for the this installment of the Intelligence Squared Economic Outlook as he discussed what we can expect from 2025 and beyond in conversation with BBC News presenter and Royal Correspondent 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/ --------- This is the first instalment of a two-part episode. If you'd like to become a Member and get access to all our full ad free conversations, plus all of our Members-only content, just visit intelligencesquared.com/membership to find out more. For £4.99 per month you'll also receive: - Full-length and ad-free Intelligence Squared episodes, wherever you get your podcasts - Bonus Intelligence Squared podcasts, curated feeds and members exclusive series - 15% discount on livestreams and in-person tickets for all Intelligence Squared events ... Or Subscribe on Apple for £4.99: - Full-length and ad-free Intelligence Squared podcasts - Bonus Intelligence Squared podcasts, curated feeds and members exclusive series … Already a subscriber? Thank you for supporting our mission to foster honest debate and compelling conversations! Visit intelligencesquared.com to explore all your benefits including ad-free podcasts, exclusive bonus content and early access. … Subscribe to our newsletter here to hear about our latest events, discounts and much more. https://www.intelligencesquared.com/newsletter-signup/ Learn more about your ad choices. Visit podcastchoices.com/adchoices Learn more about your ad choices. Visit podcastchoices.com/adchoices
Martin Wolf, the 2024 author of “The crisis in Democratic Capitalism” does not believe that the crises can be “fixed”. Instead, he sees the need for them to be managed to avoid autocracy, plutocracy, or climate catastrophe. Professor Colin Mayer believes otherwise. His 2024 book is about “Capitalism and Crises: How to Fix them”. Shann Turnbull's, 1975 book on “Democratising the wealth of nations”, proposes a self-financing tax incentive (p. 90) to democratise and purify capitalism and democracy. But only for humans that may survive our ghastly future environmental degradation.
Few Americans have been as consistently critical of Donald Trump's morality than the New York Times and Atlantic columnist Peter Wehner. How to prevent the worst happening, Wehner thus wrote, in his final Atlantic column before the election. So now that the worst has actually happened, how exactly is Wehner - who worked in several Republican administrations - feeling about the future of the American Republic? More optimist than one might. American self-renewal is a wonder of the world, Wehner explained to me, which is why, he believes, we should still be remain cheerful about American democracy.Peter Wehner is a contributing writer at The Atlantic and a senior fellow at the Trinity Forum. His books include The Death of Politics: How to Heal Our Frayed Republic After Trump, City of Man: Religion and Politics in a New Era, which he co-wrote with Michael J. Gerson, and Wealth and Justice: The Morality of Democratic Capitalism. He was formerly a speechwriter for George W. Bush and a senior fellow at the Ethics and Public Policy Center. Wehner is a contributing opinion writer for The New York Times, and his work also appears in publications including The Wall Street Journal, The Washington Post, and National Affairs.Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.Keen On is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. Transcript“What we're called to be in our lives, personally and maybe vocationally, is to be faithful, not necessarily successful. Whether a person is successful in life depends often on circumstances that they can't control. That's just the nature of human existence. But you do have some measure of control of whether you're faithful or not. And that's really what honor is.” -Pete WehnerAK: Hello everybody. Election was two weeks ago, but we're trying to figure out the implications of the Trump/Vance win in the presidential election. We've done a number of shows, one with my old friend Jonathan Rauch. Rauch believes that November 5th represents what he calls a "moral catastrophe." And I'm curious as to what my guest today will say, whether he'll try to trump his old friend John Rauch. Wehner I've always seen as the conscience of American conservatism. He wrote a piece in The Atlantic—he writes a lot both for The Atlantic and The New York Times. Before the election, he wrote a piece for The Atlantic about preventing the worst from happening. He's joining us now two weeks after the election. Pete, did the worst happen? Is it a moral catastrophe?PETE WEHNER: Well, I see the worst happened in terms of what the binary choice was for this this election. Obviously, it's not the worst that could conceivably happen to a country, but given the circumstances, it's the worst that happened. Is it a moral catastrophe? You know, it's a moral blow. And I think it's a moral indictment, actually, of of much of the country as well. Whether it's a moral catastrophe remains to be seen. I mean, events will write that story. But I'm certainly concerned about where we are politically in terms of classical liberalism, in terms of the moral life and moral compass of America.AK: Immediately after the election. Peter Baker, New York Times writer, one of your one of your companions, colleagues on The Times, wrote an interesting piece about Trump's America, suggesting that this is the America who we are. Kamala Harris argued that we were different. But Baker believes that this is the America. It's Trump's America. As you know, Pete, he quoted you in the piece. You said, "This election was a CAT scan on the American people. And as difficult as it is to say, as hard as it is to name, what it revealed, at least in part, is a frightening affinity for a man of borderless corruption." Tell me more about this CAT scan. What does it tell us about the America of late 2024?PETE WEHNER: Well, I think it tells us things that are disturbing. It doesn't mean—and I wouldn't say and I didn't mean to imply—that people who themselves voted for Donald Trump are morally corrupt. But what I do mean to argue is that everybody who voted for Donald Trump voted for a man of borderless corruption, a man of moral depravity. And that's disturbing.AK: It's more than disturbing, Pete, the way you put it. "Moral depravity." In what way is he depraved?PETE WEHNER: Well, let me count the ways. I mean, the man was found liable to sexual assault. He's adulterer, porn star. He's cheated on his taxes and charitable giving. He tried to coerce an ally to find dirt on his opponent. He invited a hostile foreign power in the election. He instigated an insurrection against the Capitol. He tried to urge a violent mob to hang his vice president. He's a man who says racist things. He's a misogynist. He surrounds himself with people who are themselves deeply problematic, including picks that he wants for his cabinet. I would say that corruption has touched every area of his life, personal, professional, and in the presidency. So I don't think that that's a difficult argument to make. I think there's empirical evidence for it. But if there is a counter argument, I'm open to hearing it.AK: Well, I'm certainly not going to make that counter argument. You seem on the one hand, Pete, a little...tentative about, shall we say, morally smearing all Trump voters with his depravity. On the other hand, you know that everybody knows everything about Trump. There are no secrets here.PETE WEHNER: Right.AK: Can one then vote for Trump and not be in any way smeared by this moral depravity?PETE WEHNER: Yeah, it's a good question and I've thought a lot about it, Andrew. The way I think about it is that for Trump supporters, many of them, in any event, look, I know them. I mean, we've friends throughout our life, and I wouldn't deny that you can be a Trump voter and be a wonderful parent or neighbor and a person of high moral quality in a lot of areas in your life. On the other hand, I would say that this was an important election, and that Trump's depravity was undisguised. In fact, he kind of hung a neon light on it. And for an individual to cast a vote for that kind of man, who has done the things that he's done, and he's promised to do the things that he's done, I do think reflects on the person's character. And I don't think it's says everything about a person's character. I don't think this is the most important thing about a person's character. But I do think it says something. And I think that the people who voted for him should at least own up to who he is and the kind of man that that they cast their vote for. So if that's the tentativeness that you hear from me, that's an effort to explain why it's both tentative but something that I have fairly strong convictions on.AK: Pete, you and I talked about this a lot. You've been on the show many times. So it's a wonderful opportunity to talk to you. Is the church/state division in your head as sharp as it should be? For you, is politics essentially an extension of morality? I've always suspected there's an element of that, and I don't necessarily mean that as a criticism. It's just a reality of how you think.PETE WEHNER: Yeah, I don't take it as a criticism. I do think that politics is an extension of of morality. I don't think it's the most important extension of morality. And I do believe that the people who are indifferent to politics, you know, their morality expresses itself in different ways. But yeah, I think from my youngest days, at least in junior high and high school and on, I've always had a sense that politics, at its core, is about justice and the pursuit of justice. And it's about a lot of other things. And it's an imperfect means to achieve justice; there's other ways to achieve justice. But I do think that that's what politics is about. And politics is also the expression of a set of moral beliefs. I mean, that, after all, is what law is in many cases. So I do think that morality and politics are tied. The last point I'll make on it, Andrew, is that if politics goes bad, if it goes really bad, it can have catastrophic human consequences. Gulags and killing fields and genocide and a lot of things less bad than that but that are bad enough. And so I just feel like that matters. And that's certainly a manifestation of morality.AK: What about the argument, Pete, that for all the immorality, the depravity, to use your word, of Trump, most of the voters are voting for change. There's a photo in one of your pieces, I think it may be in the Baker piece, of a Trump supporter on a motorbike with a "Trump 2024" flag, and the suggestion that the rules have changed. It seems to be clear in the two weeks after the election that Trump is determined to change the rules. I mean all his appointments seem to be challenging the current assumptions, institutions, elites, and conventions. Isn't that a good thing? America seems bogged down—I mean, I know you're a conservative, but there were many areas from health care to foreign policy to the environment, and they need to be fundamentally changed. It was a very odd election in the sense that Kamala Harris was supposed to be the progressive, and yet she turned out to be the conservative. She seemed to be suggesting that not much in America needs changing. She didn't seem to want to distance herself too much from Joe Biden, whereas Trump is the candidate of change. Is that a credible argument?PETE WEHNER: No, I don't think it's credible. At least let me qualify that. He's certainly a candidate of change. I think whether it's positive or negative change is really what matters. I think it's one thing to say that institutions need to be reformed, which I agree with and have agreed with for many years and have been part of various efforts, throughout the years, to advocate for the reform of institutions. It's another thing to try and destroy institutions, to burn them down. And I think that Trump and the MAGA world is in the latter category. I think that that is the ethos which defines them. So, you know, in terms of people who voted for Trump out of the country, 50%, whatever, the number is going to end up being, vote for him. I understand the impulse, some of the frustrations that have been expressed. So that is its own topic of conversation, which we can get into. But to me, the idea that Donald Trump is the solution to the problems is not plausible. And I point out too, Andrew, that he did have one term prior to it. And in many respects, the things that people are unhappy about got worse, not better, under his watch. So if you compare what his promises have been to what his record was in the first term, I just don't think it squares. And in addition to that, the kind of things that he's promoting now, I think will make things worse. Just to take one specific area, the manufacturing crisis. There's no question that, for a whole variety of reasons, that there's people who have been in the manufacturing industry have suffered. But actually, it was worse during Trump's watch than it was under Biden's watch. So I don't think that Donald Trump is is the answer to the to the question, even a legitimate question, that's being presented or posed.AK: Pete, you've always described yourself as a conservative. You believe that now you're homeless as a conservative. I wonder what you made, though, of the Harris campaign. Her association with Liz Cheney, of course, represents the conservative wing of the Republican Party that you've been involved with all your life. You work with Cheney and Bush and Reagan. Do you blame Harris for losing the election? Did she make a series of mistakes? And what does it tell us about the Democratic Party? I mean, it's always easy—you've written extensively about the crisis of the Republican Party and its Trump-ification. But is there a similar crisis within the Democratic Party?PETE WEHNER: Well, I think there's a crisis, or at least a challenge, in the Democratic Party, which I'll turn to in a second. I mean, they've they've lost two of the last three elections to Donald Trump. So that is a cause for for self-reflection, for for sure. In terms of the Harris campaign, I'm not as critical as a lot of people are of her. I thought she ran a much better campaign than I thought that she would. It wasn't a perfect campaign by any means, but given the tasks she faced, given her own history, I thought that she did extremely well. And I don't blame her for the loss. I think there were certain intrinsic disadvantages that she had. I mean, she was essentially an incumbent in an election where the impulse for the public was change. Joe Biden's approval rating was 41%. She's going to end up with about 48% of the popular vote. That actually, to me is pretty impressive. The idea that she could have beaten, or have been ten points better, in the popular vote from the Biden approval rating would have been a spectacular achievement. I don't think it was achievable. She made mistakes. She didn't distance herself sufficiently from the Biden administration, but I don't think she ever really could have, because she was vice president. I think that the biggest stage, the biggest moment with the largest audience of all, she absolutely obliterated Donald Trump in the debate. I thought her convention speech was good. I'd sort of graded it at a B plus. I thought the convention itself made a lot of sense. I thought her rallies were very good. She was better on the stump than I thought. She had a huge amount of of energy. I thought she was not so good on interviews. And I think she stumbled at a few points, particularly when she was asked on The View where she differed from Joe Biden. She couldn't come up with anything. I think that she should have been prepared for that.AK: But to put it mildly, I mean, that was the most obvious question that everyone wanted to know. How could she have been so unprepared?PETE WEHNER: Well, I don't know if she was unprepared, I assume—AK: Or unwilling or unable to answer this fundamental question.PETE WEHNER: Yeah, I'm guessing that what was going through her mind, and probably the mind of the people that she spoke with, was that there was still a lot of loyalty to Joe Biden. And so she had to be careful in how far she distanced herself from him and whether that would create some unhappiness among Biden supporters. Secondly, she was vice president. And so there's a plausibility issue here, which is: how much can you separate yourself from a president if you're vice president? That said, look, I think she should have had 2 or 3 things that she could have named. And there was a relatively easy explanation, various explanations she could have offered: look, I believe in learning. When facts change, people change. I think that, you know, in my in my earlier life, I was wrong on certain issues and name what they were, and say that hopefully I've learned from that, I hope to continue to learn. I mean, there are all sorts of ways you could answer that. But look, Andrew, I will say this, too, which is having worked on several campaigns and having observed a lot of them over the decades, it's a lot harder to run as a candidate than people can imagine. And every candidate, no matter how good they are, whether you're Barack Obama or Bill Clinton or Ronald Reagan, have made mistakes. And the prism through which people view it is completely based on whether you win or not. If Trump had lost, you can imagine all of the things that we would say about, you know, really, was it wise to to close the argument talking about the penis size of Arnold Palmer or feigning masturbation with a microphone? I mean, there are there are dozens and dozens of things we would have said.AK: Yeah, I take your point, but of course he didn't. Let's talk about conservatism. You always made the argument—you were on MSNBC recently talking about why Trump is an enemy of conservatism. Is now, shall we say, the Harris wing, which is the center/right of the Democratic Party, which seems to have got into bed, so to speak, with Liz Cheney, are they really the conservatives now in America? I mean, they seem to think that America works pretty well. They always talk about America being American, and we're better than that. Is your conservative Republican Party, has it been swallowed by the Democratic Party?PETE WEHNER: I don't think it's been swallowed by the Democratic Party. And of course, it depends on what aspects of conservatism one is talking about. I would say that given the current constellation of reality in the two main parties in America, that conservatives have a better home in the Democratic Party than the Republican Party right now. But I don't think it's a natural home, and it's certainly not the kind of home that conservatives have been used to in the Republican Party pre-Donald Trump. I'd say the main point in terms of the question you asked is to underscore how fundamentally unconservative the Republican Party, Donald Trump and the MAGA movement, are. You know, there's a line in the movie The Dark Knight, the Batman movie, in which Alfred is talking to Bruce Wayne, and Bruce Wayne is trying to explain the criminal mindset to Alfred. And Alfred is saying, but you don't understand. And here he's talking about the Joker. He says, some people can't be bought, bribed, coerced. Some people just want to watch the world burn. And I think that Donald Trump and the MAGA movement have within them that kind of sensibility. I don't think it's defining to all of them, and I don't think it's completely defining to them. But I think that there is a nihilistic impulse, this effort not to reform, as I said earlier, institutions, but just to burn them to the ground, to take a wrecking ball. But, you know, Matt Gaetz as attorney general, or Pete Hegseth as defense secretary or Tulsi Gabbard as the head of the intelligence agencies, and just, out of anger, grievance, try and destroy them, try and destroy the so-called deep state. That's so fundamentally unconservative, in my estimation, that a conservative couldn't, in good conscience, find a home there. And right now, the alternative is the Democratic Party. And I don't think, on that central question of disposition and temperament, the Democrats are nearly as unconservative, nearly as radical, nearly as revolutionary, as the current-day Republican Party.AK: It all reminds me a little bit of a cowboy movie, The Magnificent Seven (or perhaps the Un-Magnificent Seven.) Talk about a natural party, Pete, but does that really work in American politics, where most African-Americans now vote for a Democratic Party that was in favor of segregation?PETE WEHNER: I'm sorry, say that again.AK: You talk about a natural party. You said, well, conservatives said that the Democrats aren't the natural party of conservatism. But can we use this term convincingly in American politics? After all, most African-Americans vote for the Democratic Party, which was the party of segregation.PETE WEHNER: Yeah, the Democratic Party was the party of segregation. And they changed in the end, you know, it took them longer than it should have. No, I don't think that there's anything, you know, endemic or intrinsic to parties that makes them a natural home to any political movement or political philosophy. Because parties change, circumstances change, coalitions change, the base of a party changes. We've seen that really with the Republican Party. It's just a fundamentally different party than it was in the 80s and 90s and 2000s. And the Democratic Party has changed, and changed in some ways, to the worse. And I think they paid a price for that. I do think that you can take a step back and say, look, over the last 50 years, when you chart the trajectory of the Democratic and Republican Party, there are certain trends that you can see. And so for some period of time, I think that the Democratic and Republican parties were natural homes to certain movements.AK: Is there anything we should celebrate about the election? There were a lot of warnings beforehand that there was going to be a massive gender split, and it didn't turn out to be true. Trump promised that he would get a lot of Hispanic and African-American voters. He got a lot of Hispanic and quite a few African-Americans, especially men. Could one argue that November 5th, 2024 was the first post-identity politics election? Is that something to be encouraged about?PETE WEHNER: Well, in this case, I'd say no, because I think the results of that post-identity politics is going to have really damaging consequences. I see your point, and I do think that to the extent that political parties can't count on certain groups constituencies, that's probably, as a general matter, good. It means you have to go out and earn their vote rather than reflexively rely on them. But as somebody who's been a Trump critic, and who has predicted what four more years under Donald Trump is going to be like, I just think that that overwhelms whatever good that could have come out of it. I suppose I would add, there's one good thing that's come out of this, which is there hasn't been violence. But honestly, I think that's because Donald Trump lost, and the Democratic Party believes in the peaceful transfer of power, and they're not going to do in 2024 what Donald Trump and his supporters did in 2020. I'm glad that's not happening, but I think it is worth reflecting on the fact that violence won't happen because the Democratic Party is the more responsible and civilized party in that respect.AK: How are you doing personally? Trump hasn't been shy to boast about his revengefulness. You've being one of his most articulate critics in The Times, in The Atlantic, certainly from the right, or from traditional conservatism, a very strong moral critic. How are you dealing personally with this situation?PETE WEHNER: You know, I think I'm probably dealing with it better than a lot of people would imagine given my own views on Trump. I think just disposition, temperamentally, I'm not a person who has found politics to be overwhelming or disorienting. I don't want to pretend that it's not a difficult moment, both in terms of what I think it means for the country and for what, as I said earlier, what I think it says about the country. And for somebody who grew up loving America and probably, to some extent, mythologizing America, seeing this happen is difficult. But most of my life and the spirit of my life and is based on my relationships mostly with family and with friends. And those, to me, are the things that really determine what my mood is on any given day or any week. I will say that my wife Cindy and I, in the last two weeks, have really been struck by the number of people that we have heard from who are deeply grieved and fearful of what's happening. We saw somebody a week ago Sunday, and Cindy asked this person, how are you doing? And she burst into tears. She had been abused by her husband. And she said that Donald Trump was a person just like her husband, and she couldn't fathom that America elected him. And we have a friend who's a family therapist, and she said she had spent the week before with sexual abuse victims, and the fact that Trump had been elected and that people in her family were celebrating that...other people who felt like much of what they had given their lives to was shattering. So we've really felt more, I suppose, in a listening mode, in a comforting mode, trying to help people to sort through it. It's different, Andrew, I will say, in my experience and the experience of the people around me, I think, in the country now than it was in 2016. I think 2016 could be argued that that was an aberration, a parenthesis, and I think it's clearly not the case. This is the Trump era, and I think that's hard for a lot of people to come to terms with. Other people are celebrating it. They think that this is wonderful. Donald Trump is, to them, the personification of what they want in a leader and a human being. And now we've got it.AK: Yeah, we will see. You wrote an interesting piece in The Atlantic after the election suggesting that 2024 is different from 2016. It's less shocking, more a confirmation. You wrote an interesting piece in response to what happened, "Don't Give Up on the Truth," in The Atlantic. We are where we are. But there is, if not reason to celebrate, reason to, at least, resist. Are you part of a moral resistance, in some ways, Pete, do you think, to Trump, or at least Trumpism, in America?PETE WEHNER: Yeah, I think that's fair. I think some people who have been critical of Trump are going to dial back their criticism, or they just might find other things to think about or talk about or write about. And I understand that. That's not where I am. I mean, I have to think about what my posture is going to be in the Trump era. That's not clear to me yet. And I think it'll become clear to me as circumstances unfold. But, you know, what I wrote, I believed, and I continue to believe in, and the fact that Donald Trump won the election doesn't allay my concerns, it deepens them. I hope I have enough intellectual independence that if he is different than I think, and if he does things that I agree with, that I'm willing publicly to say that. I tried to do that in the first term. And I hope I can do it in a second term and I hope I'm given reasons to do it, and I hope that my foreboding of what this means for America is wrong. But I can't shake what I believe to be true. And I read the opposite views of mine and critiques of mine and try to understand what I'm getting wrong about Donald Trump. And I may be blinded on this, but I don't think I have been wrong about him. I think all of the things that I've been writing about him since 2015—actually, 2011, and go back to the birther moment—I think they've been validated. And I feel like given my role in life and the outlets that I have, that I can't help but give voice to those concerns. And whether that makes a difference or not, time will tell. It certainly didn't have an impact this time around, that's for sure.“Parties change, circumstances change, coalitions change, the base of a party changes. We've seen that really with the Republican Party. It's just a fundamentally different party than it was in the 80s and 90s and 2000s. And the Democratic Party has changed, and changed in some ways, to the worse. And I think they paid a price for that.” -PWAK: Well, you certainly have a natural home on this show, Pete. And in your excellent Atlantic piece, you talk about the importance of truth telling. You are a truth teller, that goes without saying. What do you think is the most effective way, though, to tell the truth these days? I don't think you're a big social media guy, you're not going on X or Instagram or TikTok. How does one most effectively tell the truth in Trump's America?PETE WEHNER: That's such a good question, Andrew, and a deep one. I'm not sure what the answer is. I think in terms of what each individual has to do, they just have to find within the circumstances of their life the places that they can tell the truth. Some of that just may be with family and friends, maybe in neighborhoods and community groups. It may be in churches. It may be, if you're a writer, in The Atlantic, in The New York Times. You know, I think that what's important in telling the truth is that one does it truthfully. That is, that it corresponds and aligns to reality, that it's rooted in empirical evidence, and that one does not dehumanize in the process. And if you're dealing with a person—for example, in my estimation of Donald Trump and what I do believe is this moral depravity, I just think that is true about him—how do you say that? How do you say that without crossing lines? How do you engage with people who are Trump supporters, as I have, many of them, and to try and point out and argue for my position, and to do so in a way that isn't disrespectful or dehumanizing? Those aren't easy questions. I'm sure I haven't gotten them right. But I think you just try the best you can in the world that you live in to try and give voice to the truth. And probably it helps to look back to others who have faced far more difficult circumstances than we have. I mentioned in my most recent Atlantic essay Solzhenitsyn and Havel who were great dissidents and spoke, in the case of Solzhenitsyn, when the Soviet Union was a country to which he was hostage to, and for Havel, there was a communist movement in Czechoslovakia. And they and so many others, Orwell in a different way, and Jesus in a different way, said that the important thing to do was to speak the truth. It doesn't mean you succeed, necessarily, when you do it, but it's important to do. Times change. Circumstances change. Inflection points can happen. And sometimes speaking the truth can create those moments. And other times when those moments open up, people who spoke the truth have a capacity to shape events in a way that they didn't before that. I should say one interesting example that apposite, maybe, you and your own history knowledge: you take someone like Winston Churchill. And Churchill was the same man in the 30s as he was in the 40s, and in the 30s he was viewed as a social pariah, an alarmist, a kind of ridiculous figure, he had very, very little influence. But events changed, the war came, and all of a sudden Churchill became arguably the greatest person of the 20th century. So there's probably a lesson in that for people who want to be truth tellers.AK: Yeah, I've always thought of you, Pete, as the moral conscience of America, although you've been involved in politics, but I can't imagine you ever running for political office. You talked about Solzhenitsyn and Havel in particular as an activist, as someone who stood up very bravely and indeed humorously to the Russian colonialists in Czechoslovakia or Soviet colonialism. Does the anti-Trump movement need a Havel, a Solzhenitsyn, a Winston Churchill? Seems to be lacking, Harris clearly wasn't. I've always wondered whether Michelle Obama could have been that person. And I know that everyone says, well, she couldn't have run. She doesn't like politics, but maybe she had almost a moral responsibility as an American. But where are we going to get an America? Where are we going to get our Churchill, our Havel, our Solzhenitsyn? All of course, white men. Maybe we need some women, too.PETE WEHNER: Yeah, you know, those are rare people. And it's not a dime a dozen. Yeah, I felt like Liz Cheney was that person in this moment more than Harris, more than others. I think I felt that way about Liz, because there was a cost, there was a very concrete and practical cost, to what she had done. And that, to me, is a sign and a symbol of courage, which is: if you do the right thing when there's a cost to doing the right thing. And I thought her articulation of why she broke with Trump and voted for Harris was extremely powerful. So I'd say of the people in the landscape in American politics right now, Liz Cheney would be supreme for me, but of course, she was tossed out of the Republican Party. She was beaten in a primary. And the Democratic Party's not a natural home for her either. So these are her wilderness years, Churchill had his, I'm not saying that Liz is Churchill, Churchill was Churchill and that's about it. But she showed enormous courage and articulation. I think the fact that for a person of my view, she made such a powerful and persuasive case, and it just didn't win over enough voters. And I think that that's an indictment not of Liz, but I think it's an indictment of an awful lot of voters in America. But that would make sense, because I see the world in a certain way, and the majority of Americans saw it differently. And this is a democracy. And so now we've got Trump and the people who voted for him, and the rest of us get to live with them.AK: Are there hierarchies of morality, Pete? There's a great deal of revisionism now on on Churchill reminding us all that he was an overt racist, a colonialist, a warmonger in some ways, although, of course, we don't use that word in terms of his opposition to Hitler. Trump made that point about Cheney, I mean, in his own vulgar way, but Cheney, of course, was also a warmonger—or, certainly her father was, millions of people—well, certainly hundreds of thousands of people—in the Middle East lost their lives because of catastrophic American wars in the region. Could one argue that Cheney's support for these catastrophic wars are equally immoral, if not more immoral, than Trump's moral transgressions?PETE WEHNER: Yeah, if you believe that narrative, I mean, I think that narrative is flawed. I don't mean that the wars weren't mistaken, but I think the way you framed it is is a caricature. But if you believe that, if you're right and I'm wrong, sure, then, of course. And there is a moral hierarchy. I mean, you know, morality is judged by the actions that you take in the moment that you live and the consequences that they create. And if a person or an individual does an action that creates massive harm and the destruction of human lives, human civilizations, if someone is advocating maliciousness and malevolence on a wide scale, that obviously has to be judged differently than if you lose your temper as a boss or somebody who works for you. So morality is a complicated subject. You also have to take into account, to some degree, the circumstances in which people lived. If you lived in the 14th century, if you lived in the 18th century, if you lived in the 20th century, if you lived in the 21st century, there were different moral standards and moral ethics and moral norms. That doesn't mean, in the case of the American founders, the slave holders, that was a grave sin, and I think probably traditionally on the on the American right, because there's been almost a defecation of the founding fathers, that they've been excused too much for tolerating slavery. Lincoln himself, who I think is the greatest American in history, his history was somewhat spotty. I think he was a magnificent figure. And he grew, but that happens. But just to come back to what you said earlier, if you were to say to me, Liz Cheney versus Donald Trump on any reasonable moral spectrum, I would say that that Liz Cheney has him beat by a country mile, by virtually any metric that you want to judge her and him on.AK: In that excellent Atlantic piece, Pete, you talked about this being a moment where we, and I'm quoting you, we need to guard our souls. But what about for those of us who might not believe in the existence of souls?PETE WEHNER: Yeah. Then I would use a different word.AK: What word would you use?PETE WEHNER: Your inner life, your interior life, your sense of humanity, how you view others. I think most people, whether soul is the word that they use, I think most people aren't strict materialists, or they don't believe in scientism. They believe that there are parts of human life, human existence, human reality that aren't materialistic, that has to do with beauty and esthetics and love and = humanity and caring for the least of these. And, you know, many people that I know that are not believers personify those high virtues, honestly, in ways that are more impressive than people I know who claim to be followers of Jesus. So I use the word soul because I think it speaks to something that is true for human life and human beings. But I understand if you're not a believer that you wouldn't use that term. But I imagine that there's some other term that would get at essentially the same thing, which is your core humanity. What makes you an estimable human being. Compassion, honor, dignity, being a peacemaker, and so forth.AK: You're also more cheerful in the sense that you want to remind everyone that, of course, we want to cultivate hope, humanistic hope. But all this needs to be understood within the historical context. You argue that, in the Atlantic piece, presumably Trump's only going to be around for four years. Things change, there are always party realignments, so, cheer us up, Pete. Why might this just be a blip in the history of humanity rather than the end of it in some way?PETE WEHNER: Yeah. It's not going to be the end of humanity. Even if my most dire warnings are realized. Look, I would say that there can be a kind of catastrophism that happens on all sides and that we need to be careful about it. Life is complicated. Human history is complicated. There are moments of glory and moments of catastrophe and disaster. You know, in the American experience, we had the 1850s that lead up to the Civil War. We had the Civil War. We had the profound difficulties in reconstruction. We had segregation, child labor laws, women can't vote. Just enormous challenges in this country. The first election, really contested election in America between Adams and Jefferson in 1800, was a vicious affair. So, you know, we've we've faced a lot. And that's just America. And, you know, you look at world history, I quote it at the end of my essay, "Don't Give Up on the Truth" in The Atlantic, a speech, one of my favorite speeches, that Bobby Kennedy gave in 1966 at University of Cape Town in South Africa, where he talked about the ripples of hope, and how the ripples of hope can overcome the worst and highest walls of oppression. Now, when Kennedy gave that speech, it was 66. It was at the apex of of apartheid, and eventually apartheid was overthrown, and—AK: Yeah, it's worth repeating the RFK quote, "Each time a man stands up for an ideal, or acts to improve the lot of others, or strikes out against injustice, he sends forth a tiny ripple of hope, and crossing each other from a million different centers of energy and daring, those ripples build a current which can sweep down the mightiest walls of oppression and resistance." Of course, it's particularly resonant given that his son is involved in the Trump administration and is probably not someone you're particularly keen on.PETE WEHNER: No, he's, no pun intended, but I'm not particularly keen on his son. But the father I admired, and I think those words are timeless words. And we shouldn't forget them. Look, the other thing I'd say, Andrew, is that what we're called to be in our lives, personally and maybe vocationally, is to be faithful, not necessarily successful. Whether a person is successful in life depends often on circumstances that they can't control. That's just the nature of human existence. But you do have some measure of control of whether you're faithful or not. And that's really what honor is. I mean, honor is living a life—an imperfect life. We all struggle, we're all fallen, we're all flawed—But trying to advance that. And the other thing I would emphasize again is that human life, human history, the progression of countries, are not straight lines. There's forward and backward, there's zigs, there's zags, inflection points develop, and things change in ways that a person may never anticipate. You mentioned John Rauch earlier, and he and Andrew Sullivan were leading the campaign for same sex marriage. When they started that campaign, especially, Andrew, in 1989, I think he wrote a cover story in The New Republic on the conservative case for gay marriage. Now, if you would have asked either of them in the late 80s, 90s and so forth, whether gay marriage would be prevalent or even be found to be a constitutional right, they would have said that's inconceivable. It couldn't happen. And it happened. Whether you agree or not with same sex marriage, it shows capacity of events to change. And you and I could name a lot of things in which that's happened. So you don't know when those moments come, when those inflection points happen. And I also believe the American capacity for self-renewal is a kind of wonder of the world and that people will—AK: Say that again: American self-renewal is a wonder of the world.PETE WEHNER: Yeah. I think the American capacity for self-renewal is extraordinary. I think it's shown itself throughout history. Again, it's a mixed history, but—AK: But where does that come from, that American self-renewal? Is it a spiritual thing? Is it an economic thing? “I think that what's important in telling the truth is that one does it truthfully. That is, that it corresponds and aligns to reality, that it's rooted in empirical evidence, and that one does not dehumanize in the process.” -PWPETE WEHNER: You know, I'd imagine part of it is part of the American DNA. The things that shape anybody in any country, the factors, the history...there's certainly something, I think it's reasonable to say, in America, about freedom and liberty, that is part of the American character. You know, people could go back and read Tocqueville, which is still relevant to what Americans are like. I think our political history has helped shape us. Civil society has helped shape us. So, you know, each country has a certain kind of a DNA. And I think by and large, America's has been good. So there's history to give you hope, and not just American history. So, I just think you need to keep putting one foot in front of the other. I think you have to call out things that happen that are wrong, immoral or illegal as they as they happen, and hope that over time you bend events enough in your direction. Martin Luther King Junior had that quote, which is pretty well known, about the arc of the moral universe bending toward justice, but that does not—AK: It's not natural, is it? As you suggest, it requires human agency, doesn't bend on its own. Finally, Pete, and you've been very generous, as always, with your time. A lot of comparisons, there always have been, with America and the Roman Republic, this shift into, sort of, decadence. There's also a fashion these days for stoicism. Some of the ideologies or the intellectual movements of the late Roman decadent, not the republic, but imperial Rome. What would you say to people—won't say necessarily Stoics formally, but people who are espousing a kind of stoicism—who will say, "Well, I'm just not going to watch the news for the next four years, Trump doesn't really affect me. I'm just going to ignore him. I'm going to go to sleep for four years, and when I wake up, things will have changed." Do we all need to stay awake? Is the stoical response to essentially ignore the political world, is that healthy in Trump's America?PETE WEHNER: I think some people need to stay awake. You know, it really would depend on the facts and circumstances, Andrew. I mean, if you're an individual who feels overwhelmed by what Trump represents and really can't process it in a very healthy way, and you find your spirit being pulled down and obsessing on him and just, you know, casting shadows over your life, then I'd say, yeah, just to the degree that you can pull the plug. Don't follow, you know, the unfolding events, and attend to your life, your inner life, and the people that you love and care for. On the other hand, if that happens more broadly, and just people shut up and don't speak out, I think that that would be a great tragedy, because I think it's important to speak the truth in its own terms. I think it's important that there are individuals who give voice to what people believe and the moral concerns that they have when they don't have the capacity to do it on a large scale. And as I said, you know, I mentioned earlier, Solzhenitsyn and Havel, and I don't pretend that America is in a situation like the two of them faced. So the challenges and sacrifices that are called on Americans today who are in the so-called resistance isn't comparable to what Solzhenitsyn and Havel and many others have faced. But you need to speak out, and you can't go to sleep. Democracy is, as you said earlier, about human agency. We're not corks in the ocean. We're not fatalistic. We shouldn't be fatalistic. We can create movements and trends and moments and trajectories and moments of and periods of honor and and virtuous chapters in the American story. But they don't happen accidentally. And you can be discouraged, but you've got to stay at it. A friend of mine once said that you could be a theoretical pessimist, but you should be an operational optimist.AK: That's a nice way of putting it. Peter Wehner, I'm not sure about American self-renewal being a wonder of the world, certainly your self-renewal is a wonder of the world. It's wonderful to have you around, and we will be calling on your wisdom, your ethical spirit of resistance against injustice, over the next four years. Keep well, keep safe, Pete, and we will talk again in the not-too-distant future. Thank you so much.PETE WEHNER: Thanks. It's great to be with you, Andrew. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe
George H.W. Bush presided over 4 of the most consequential years in world history. Before he entered office, a Cold War divided East and West: Democratic Capitalism vs Dictatorial Communism. After he left office, Democratic Capitalism had won. How did Bush usher in an age of American hegemony? And what role did he play in dramas ranging from the reunification of Germany to the independence of former soviet states like Russia and Ukraine? Jeffrey Engel, Director of SMU's Center for Presidential History and author of numerous books on George H.W. Bush, including When the World Seemed New: George H.W. Bush and the End of the Cold War, discusses how Bush kept the peace without sacrificing American idealism at a time of dangerous global change.Support the show
Martin Wolf, chief economics commentator at the Financial Times, joins Nick and Goldy to discuss his new book, "The Crisis of Democratic Capitalism." They explore the important-yet-fragile connection between capitalism and democracy, particularly in the context of rising inequality and political instability. Wolf articulates how the perceived success of democratic capitalism has begun to falter under the onslaught of economic policies favoring the wealthy and eroding the middle class. Ultimately, Wolf advocates for stronger social safety nets to ensure that democratic systems, as well as working and middle-class families, can thrive in an era dominated by economic upheaval. Martin Wolf is the chief economics commentator at the Financial Times, known for his incisive analyses and authoritative perspectives on global economics and policy. With a distinguished career spanning several decades, Wolf has shaped public discourse on economic matters through his insightful columns and books. His latest book, "The Crisis of Democratic Capitalism," details how and why the marriage between democracy and capitalism is coming undone and what can be done to reverse this terrifying dynamic. Twitter: @martinwolf_ Further reading: The Crisis of Democratic Capitalism Website: http://pitchforkeconomics.com Twitter: @PitchforkEcon, @NickHanauer, @civicaction Instagram: @pitchforkeconomics Threads: pitchforkeconomics YouTube: @pitchforkeconomics Substack: The Pitch
We live in uncertain times. Military conflict, including in Europe, is reshaping the geopolitical landscape. People are suffering. And our economies are also affected, which is a specific challenge for central banks. Our co-host Paul Gordon discusses this with Moritz Schularick, President of the Kiel Institute for the World Economy. The views expressed are those of the speakers and not necessarily those of the European Central Bank. Published on 5 July 2024 and recorded on 2 July 2024. 1:02 A look at today's geopolitical environment Geopolitical risk can materialise unexpectedly. What are the risks in these uncertain times? How is the geopolitical landscape changing? 2:17 The price of war What does military conflict mean for the economy? And how do events in other parts of the world affect us? 6:08 Challenges for central banks Wars have an impact on our economies, including on inflation. This poses a challenge for central banks. 12:13 Managing geopolitical risks How can we manage geopolitical risks better? Is more independence the only way? 16:17 Our guest's hot tip Moritz Schularick shares his hot tip with our listeners. The ECB Forum on Central Banking https://www.ecb.europa.eu/press/conferences/html/20240701_ecb_forum_on_central_banking.en.html Federle, J, A Meier, G Müller, W Mutschler and M Schularick (2024), ‘DP18834 The Price of War‘, CEPR Discussion Paper No. 18834. CEPR Press, Paris & London. https://cepr.org/publications/dp18834 The Crisis of Democratic Capitalism by Martin Wolf European Central Bank https://www.ecb.europa.eu/home/html/index.en.html European Banking Supervision https://www.bankingsupervision.europa.eu/home/html/index.en.html
Send us a Text Message.In this episode of the Faithful Politics podcast, Josh and Will welcome Peter Wehner, a prominent political commentator, author, and senior fellow at the Trinity Forum. Peter Wehner shares his extensive background in public service, including roles in the Reagan, George H.W. Bush, and George W. Bush administrations. The discussion dives into the intersection of Christianity and politics, exploring how Peter's faith journey influenced his political career and writing. They discuss the contemporary Christian landscape, particularly how the Trump era has impacted evangelical Christians' political alignments and the broader societal implications.Peter articulates the deep divisions within the Christian community, driven by politics and cultural shifts. He highlights the problematic alignment of some evangelicals with Trump's ethos, which he argues has amplified negative traits such as resentment and grievance. The conversation also touches on Peter's recent article in The Atlantic, where he reflects on Christianity's relationship with power, emphasizing the faith's anti-power ethos exemplified by the crucifixion.The dialogue covers significant historical moments that shaped the evangelical political landscape, the role of the media, and the challenges of maintaining faith integrity in a polarized political environment. Both hosts express appreciation for Peter's insights and the need for a more reflective and compassionate Christian witness in today's society.Read the article mentioned in this conversation THE GREATEST CONTRIBUTION OF CHRISTIANITYGood Friday reminds us of the ephemerality of human power: https://www.theatlantic.com/ideas/archive/2024/03/easter-christianity-relationship-with-power/677921/Guest Bio:Peter Wehner is a contributing writer at The Atlantic and a senior fellow at the Trinity Forum. His books include The Death of Politics: How to Heal Our Frayed Republic After Trump, City of Man: Religion and Politics in a New Era, which he co-wrote with Michael J. Gerson, and Wealth and Justice: The Morality of Democratic Capitalism. He was formerly a speechwriter for George W. Bush and a senior fellow at the Ethics and Public Policy Center. Wehner is a contributing opinion writer for The New York Times, and his work also appears in publications including The Wall Street Journal, The Washington Post, and National Affairs.Support the Show.To learn more about the show, contact our hosts, or recommend future guests, click on the links below: Website: https://www.faithfulpoliticspodcast.com/ Faithful Host: Josh@faithfulpoliticspodcast.com Political Host: Will@faithfulpoliticspodcast.com Twitter: @FaithfulPolitik Instagram: faithful_politics Facebook: FaithfulPoliticsPodcast LinkedIn: faithfulpolitics Subscribe to our Substack: https://faithfulpolitics.substack.com/
Few conservatives or Christians have stood up to Donald Trump with the coherence and bravery of The New York Times and Atlantic columnist Peter Wehner. “I think morality is to Trump what color is to a person who is colorblind”, Wehner told me. And, in contrast with the ethically monochromatic Trump, Peter Wehner's moral palette is akin to a sophisticated painter. In a wide ranging KEEN ON AMERICA conversation about his life in and out of Republican politics, Wehner explains why there is nothing “conservative” about Trump or “Christian” about many right-wing evangelicals, and how the Republican party is now flirting with ethical bankruptcy. Regular KEEN ON viewers know that I don't care much for the Trump-Hitler comparison, but if there's any truth to it, then Peter Wehner could be the Dietrich Bonhoeffer of conservative Christian resistance to Trumpism. Peter Wehner is a contributing opinion writer for The New York Times and the Atlantic. He is a senior fellow at the the Trinity Forum who served in Ronald Reagan's, George H.W. Bush's and George W. Bush's administrations. In 2001, he was named deputy director of speechwriting for President George W. Bush. He later served as director of the Office of Strategic Initiatives, where he reached out to prominent thinkers and advised the White House on a range of domestic and international issues. A senior adviser to Mitt Romney's 2012 presidential campaign, he has been affiliated with several leading research organizations. Mr. Wehner is a frequent commentator on television and radio and has written widely on political, cultural, religious and national security issues. He is the author (with Arthur C. Brooks) of “Wealth and Justice: The Morality of Democratic Capitalism” and (with Michael Gerson) of “City of Man: Religion and Politics in a New Era.” The Washington Monthly has called him one of the most influential reform-minded conservatives, and in Forbes, the political consultant Mary Matalin featured him on a short list of conservatism's leading “educators and practitioners of first principles.”Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.Keen On is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit keenon.substack.com/subscribe
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 Learn more about your ad choices. Visit podcastchoices.com/adchoices
What are the key media trends shaping public opinion? Join host Roger Ream and Brian C. Anderson, editor of City Journal and recipient of the 2023 Thomas L. Phillips Career Achievement Award, as they delve into the intricate dynamics of modern journalism and how it has impacted Brian's career. Brian provides expert analysis of the constantly changing landscape of news dissemination, ranging from the evolving strategies of traditional newspapers like The New York Times to the implications of social media censorship. He also shares valuable insight into the role of the media as he explores current issues like identity politics on college campuses, the rise of crime in cities, and the migrant crisis.Brian C. Anderson is the editor of City Journal and hosts their “10 Blocks” podcast. Previously, he was senior editor of City Journal and a research associate at the American Enterprise Institute. He is the author of "Against the Obamanet" (2015), "Democratic Capitalism and Its Discontents" (2007), "South Park Conservatives" (2005), and "Raymond Aron: The Recovery of the Political" (1998). He is co-author of "A Manifesto for Media Freedom" (2008) and editor of "The Beholden State: California's Lost Promise and How to Recapture It" (2013). Brian's work has appeared in publications including The Wall Street Journal, the Los Angeles Times, the New York Post, National Review, and many more. The Liberty + Leadership Podcast is hosted by TFAS president Roger Ream and produced by Podville Media. If you have a comment or question for the show, please email us at podcast@TFAS.org. To support TFAS and its mission, please visit TFAS.org/support.Support the show
This episode of Hub Dialogues features Sean Speer in conversation with Martin Wolf, the chief economics commentator at the Financial Times, about his must-read, new book, The Crisis of Democratic Capitalism. This episode was originally published on April 25th, 2023. The Hub Dialogues features The Hub's editor-at-large, Sean Speer, in conversation with leading entrepreneurs, policymakers, scholars, and thinkers on the issues and challenges that will shape Canada's future at home and abroad. The episodes are generously supported by The Ira Gluskin And Maxine Granovsky Gluskin Charitable Foundation and the Linda Frum and Howard Sokolowski Charitable Foundation.If you like what you are hearing on Hub Dialogues consider subscribing to The Hub's free weekly email newsletter featuring our insights and analysis on key public policy issues. Sign up here: https://thehub.ca/free-member-sign-up/. Hosted on Acast. See acast.com/privacy for more information.
EPISODE 1875: In this KEEN ON show, Andrew talks to the anti Trump conservative Peter Wehner about the nihilism of the evangelical right in America todayPeter Wehner is a contributing writer at The Atlantic and a senior fellow at the Trinity Forum. His books include The Death of Politics: How to Heal Our Frayed Republic After Trump, City of Man: Religion and Politics in a New Era, which he co-wrote with Michael J. Gerson, and Wealth and Justice: The Morality of Democratic Capitalism. He was formerly a speechwriter for George W. Bush and a senior fellow at the Ethics and Public Policy Center. Wehner is a contributing opinion writer for The New York Times, and his work also appears in publications including The Wall Street Journal, The Washington Post, and National Affairs.Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children.
Chief Economic Commentator at Financial Times and author of a new book The Crisis of Democratic Capitalism, Martin Wolf, is worried about democracies. What are the faults in the workings of modern capitalism? And can Adam Smith teach us something?
EPISODE 1640: In this KEEN ON show, Andrew talks to the New York Times and Atlantic columnist Peter Wehner about why the 2024 election may present America with its greatest moral moment since the Civil War Peter Wehner is a contributing writer at The Atlantic and a senior fellow at the Trinity Forum.His books include The Death of Politics: How to Heal Our Frayed Republic After Trump, City of Man: Religion and Politics in a New Era, which he co-wrote with Michael J. Gerson, and Wealth and Justice: The Morality of Democratic Capitalism. He was formerly a speechwriter for George W. Bush and a senior fellow at the Ethics and Public Policy Center. Wehner is a contributing opinion writer for The New York Times, and his work also appears in publications including The Wall Street Journal, The Washington Post, and National Affairs. Named as one of the "100 most connected men" by GQ magazine, Andrew Keen is amongst the world's best known broadcasters and commentators. In addition to presenting KEEN ON, he is the host of the long-running How To Fix Democracy show. He is also the author of four prescient books about digital technology: CULT OF THE AMATEUR, DIGITAL VERTIGO, THE INTERNET IS NOT THE ANSWER and HOW TO FIX THE FUTURE. Andrew lives in San Francisco, is married to Cassandra Knight, Google's VP of Litigation & Discovery, and has two grown children. Learn more about your ad choices. Visit megaphone.fm/adchoices
This week, we discuss the federal indictment of President Trump and recent polls of the 2024 Presidential election. We also discuss Archishman Raju's review of Martin Wolf's book "The Crisis of Democratic Capitalism".
The world economy has experienced many shocks over the past few years: A pandemic. Russia's invasion of Ukraine. Skyrocketing inflation. These are the stories that have dominated headlines — and for good reason.But they've also overshadowed a set of deeper, more fundamental shifts — the rise of China as an economic superpower, the fracturing of trade relations, the realities of the climate crisis — that are transforming the global economic order and prompting ambitious policy responses from leaders across the world.Martin Wolf is the chief economics commentator at The Financial Times, a former senior economist at the World Bank and the author, most recently, of “The Crisis of Democratic Capitalism. Across his writings, Wolf has developed some of the clearest frameworks for thinking about how the global economy is changing and some of the sharpest critiques of how policymakers are responding to those changes.We discuss how China's meteoric economic rise has shaken the foundations of the global economy, why globalization has remained far more resilient than so many predicted, why Wolf is skeptical that President Biden's industrial policy agenda will succeed, the debate between “onshoring” and “friendshoring” that is dividing the Democratic Party, why a recession in the United States is looking far less likely than it did six months ago, the virtues and vices of Biden's “foreign policy for the middle class,” why China's recent economic troubles could signal a more foundational decline, why the U.S. economy has remained so much more stronger than most economists anticipated, and more.Mentioned:National Security Adviser Jake Sullivan's speech“The I.R.A. Passed a Year Ago. Here's a Progress Check” by The Ezra Klein Show, with Robinson Meyer“The China Shock: Learning from Labor Market Adjustment to Large Changes in Trade” by David H. Autor, David Dorn and Gordon H. Hanson“Is the Global Economy Deglobalizing?” by Pinelopi Goldberg and Tristan Reed“Climate Progress and the 117th Congress: The Impacts of the Inflation Reduction Act and Infrastructure Investment and Jobs Act” by REPEAT ProjectBook Recommendations:The Narrow Corridor by Daron Acemoglu and James A. RobinsonPower and Progress by Daron Acemoglu and Simon JohnsonThe Rise and Fall of American Growth by Robert J. GordonThis episode is guest-hosted by Rogé Karma, the senior editor for “The Ezra Klein Show.” Rogé has been with the show since July 2019, when it was based at Vox. He works closely with Ezra on everything related to the show, from editing to interview prep to guest selection. At Vox, he also wrote and conducted interviews on topics ranging from policing and racial justice to democracy reform and the coronavirus pandemic.Thoughts? Guest suggestions? Email us at ezrakleinshow@nytimes.com.You can find transcripts (posted midday) and more episodes of “The Ezra Klein Show” at nytimes.com/ezra-klein-podcast, and you can find Ezra on Twitter @ezraklein. Book recommendations from all our guests are listed at https://www.nytimes.com/article/ezra-klein-show-book-recs.This episode of “The Ezra Klein Show” was produced by Rogé Karma. Fact-checking by Michelle Harris, with Kate Sinclair, Mary Marge Locker and Kristin Lin. Mixing by Isaac Jones. Our senior editor is Rogé Karma. The show's production team also includes Emefa Agawu, Jeff Geld and Rollin Hu. Original music by Isaac Jones. Audience strategy by Kristina Samulewski and Shannon Busta. The executive producer of New York Times Opinion Audio is Annie-Rose Strasser. Special thanks to Efim Shapiro.
This week we are kicking off our summer finance series and I couldn't imagine a better way to start. We are joined by legendary financial journalist Martin Wolf, the Chief Economics Commentator for the Financial Times and one of the most influential economic commentators in the world today, for a deep dive discussion about his rather important new book “The Crisis of Democratic Capitalism.” As you all know, this is a book I'm highly recommending and my gut is telling me you will feel the same after listening to this episode.I am so honored to have Martin on the show as he one of the most respected, sought after thinkers in the world today. If he's not busy writing, you'll find him doing things like advising world leaders, both in business and politics, on the most important issues of the day or addressing universities and important international bodies like the World Bank, IMF and the BIS. You'd be hard pressed to find a more thoughtful, connected, and influential individual in the world today. What you are about to hear is our incredible conversation about the “Crisis of Democratic Capitalism.” We discuss what the crisis is, how we got here and what might happen next. We also get into some really interesting historical discussions and look how things today compare to dynamics in the Late Roman Republic, which as you all know failed rather famously. We end on optimistic as we learn Martin's interesting and inspiring ideas about how we might get ourselves out of this mess.This is an important episode and I'm certain is going to leave you all with a lot to think about. Hope you enjoy!
Jonathan Rauch and Pete Wehner both return to the TP&R pod. Only this time we get them together! For a little background, Jon and Pete have a number of fundamental differences (eg. Jon is an atheist and Pete is a devout Christian); yet, they also happen to be good friends. So the conversation was flowing before we even hit record. We were discussing Pete's recent essay in THE ATLANTIC "Morality Is for Trump What Colors Are to the Color-Blind." We discussed pervasive cognitive dissonance, specifically on the part of people of faith and their continued embrace of Donald Trump. We also talked about our own need to have epistemological humility. Then we explored a construct that Jon is fleshing out for an upcoming book. That is, the 4 existential questions of 1) Morality, 2) Mortality, 3) Malevolence, and 4) Miracles. Pete Wehner is a contributing writer at The Atlantic and a senior fellow at the Trinity Forum. His books include The Death of Politics: How to Heal Our Frayed Republic After Trump, City of Man: Religion and Politics in a New Era, which he co-wrote with Michael Gerson, and Wealth and Justice: The Morality of Democratic Capitalism. He was formerly a speechwriter for George W. Bush and a senior fellow at the Ethics and Public Policy Center. Peter is a contributing opinion writer for The New York Times, and his work also appears in publications including The Wall Street Journal, The Washington Post, and National Affairs. JONATHAN RAUCH, a senior fellow at the Brookings Institution, is the author of eight books and many articles on public policy, culture, and government. He is a contributing writer for The Atlantic and many other publications including The New Republic, The Economist, Time, The New York Times, The Wall Street Journal, The Washington Post, The Los Angeles Times, and interestingly Religion News Service among many others. His latest book is The Constitution of Knowledge: A Defense of Truth, which we discussed last time Jon joined us on TP&R. One of his earlier works, Kindly Inquisitors: The New Attacks on Free Thought (published originally in 1993 and then expanded in 2013) defends free speech and robust criticism and remains a highly influential work. And of course, it must be mentioned that Jon is arguably most famous for not liking shrimp! Talkin' Politics & Religion Without Killin' Each Other is part of The Democracy Group, a network of podcasts that examines what's broken in our democracy and how we can work together to fix it. www.democracygroup.org/shows/talkin-politics-religion twitter.com/coreysnathan www.theatlantic.com/author/peter-wehner/ jonathanrauch.typepad.com/ https://braverangels.org/ The Dark Knight clip - www.youtube.com/watch?v=SIYkhb2NjfE The article on the "Need for Chaos" - royalsocietypublishing.org/doi/10.1098/rstb.2020.0147
The Sound of Economics is bringing you a summer 2023 special series, 'Read with Bruegel.' In this series, we have the pleasure of hosting renowned authors who will discuss various economic issues based on their insightful books. We hope this conversation will inspire you to explore their books and offer you some food for thought during your summer break. In the first episode of the series, Bruegel Director Jeromin Zettelmeyer welcomes Martin Wolf, Chief economics commentator at the Financial Times to discuss his latest book ‘The Crisis of Democratic Capitalism'. Liberal democracy is in recession and authoritarianism is on the rise. Together, Jeromin and Martin discuss why democracy and capitalism are mutually sustaining in a world like this. They define the concept of democratic capitalism, explain why it is in a crisis and outline the proposed solutions.
In this last episode of Martin Wolf's series, the FT's chief economics commentator sits down with the FT's executive opinion editor, Jonathan Derbyshire, to give his concluding thoughts on the state of the world's democracies. Drawing on arguments in Martin's latest book, The Crisis of Democratic Capitalism, and his conversations in this series, they discuss what role citizens' juries could play in rectifying some of what has gone wrong in the past couple of decades.Want more?Martin Wolf: in defence of democratic capitalismCitizens' juries can help fix democracyFor Martin's FT columns click hereFor the FT review of Martin's book click here Read a transcript of this episode on FT.comThis episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley. Hosted on Acast. See acast.com/privacy for more information.
In this fourth episode of Martin Wolf's series, the FT's chief economics commentator discusses the rise of populist politics with someone who was hit by its hard edge: Hillary Clinton. Drawing on arguments in Martin's latest book, The Crisis of Democratic Capitalism, they discuss what the future holds for democracy, why female leaders face such extreme misogyny and threats of violence, whether President Biden can win re-election next year, and why Clinton is pinning her hopes on a younger generation of voters.Want more?Martin Wolf: in defence of democratic capitalismCitizens' juries can help fix democracyFor Martin's FT columns click hereFor the FT review of Martin's book click here This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.Clips: CNN, ABC, CBS, OAN, Fox, BBC, CBCRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
This episode is sponsored by Kalshi.Inc Martin Wolf is chief economics commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 ‘for services to financial journalism.' His latest book is ‘The Crisis of Democratic Capitalism'. In this podcast we discuss why write on democracy and capitalism now, why capitalism and democracy are linked to each other, how capitalism disrupts existing hierarchies, and much more. Follow us here for more amazing insights: https://macrohive.com/home-prime/ https://twitter.com/Macro_Hive https://www.linkedin.com/company/macro-hive
In this third episode of Martin Wolf's series, the renowned FT columnist and economist speaks to the journalist and historian Anne Applebaum, who has written extensively about the history of communism and the development of civil society in central and eastern Europe. Drawing on arguments in Martin's latest book, The Crisis of Democratic Capitalism, they discuss what lies behind a global rise in autocracy and what can be done to counter it.Want more?Martin Wolf: in defence of democratic capitalismFor Martin's FT columns click hereFor the FT review of Martin's book click here This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley. Clips: C-Span, France 24, Soviet radio, BBC, Stanford University, CBSRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
In this second episode of Martin Wolf's series, the renowned FT columnist and economist speaks to Larry Diamond, a leading contemporary scholar in the field of democracy studies and a senior fellow in global democracy at the Freeman Spogli Institute for International Studies at Stanford University. Drawing on arguments in Martin's latest book, The Crisis of Democratic Capitalism, they discuss what's behind a deepening global ‘democratic recession'.LinksMartin Wolf: in defence of democratic capitalismFor Martin's FT columns click hereFor the FT review of Martin's book click here This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.Clips: BBC, CNN, WIONRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
In the first of this four-part series, the renowned FT columnist and economist Martin Wolf tells the FT's executive opinion editor Jonathan Derbyshire why he fears the marriage of liberal economics and democracy may be facing its toughest test in decades. Drawing on arguments in his latest book, The Crisis of Democratic Capitalism, Martin explains how his own life story and career have shaped his views.Want more?Martin Wolf: in defence of democratic capitalismFor Martin's FT columns click hereFor the FT review of Martin's book click hereThis episode is presented by Jonathan Derbyshire. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.Clips: BBC, CNN, Fox NewsRead a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
Martin Wolf, Associate Editor and Chief Economics Commentator for the Financial Times, discusses his new book The Crisis of Democratic Capitalism. How have the failings of the late 20th-century economic system affected governance, and vice-versa?
This episode features a discussion with Martin Wolf, the FT's Chief Economics Commentator and “the world's preeminent financial journalist”. Wolf's new book The Crisis of Democratic Capitalism explains why the marriage between democracy and capitalism is breaking down, not from external threats but from within. He expands on these internal threats during our conversation, which he believes have the potential to end US democracy in the coming years and in his book he outlines a range of critical reforms we can undertake to avoid this fate. You won't want to miss this thought-provoking conversation.-----EXCEPTIONAL RESOURCE: Find Out How to Build a Safer & Better Performing Portfolio using this FREE NEW Portfolio Builder Tool-----ATTENTION TTU TRIBE : SIGN-UP for Rick Rule's Symposium: Once in a life-time natural resource insights from the BEST investors in the world via a first-class livestream or Live event!Follow Niels on Twitter, LinkedIn, YouTube or via the TTU website.IT's TRUE ? – most CIO's read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here.And you can get a free copy of my latest book “The Many Flavors of Trend Following” here.Learn more about the Trend Barometer here.Send your questions to info@toptradersunplugged.comAnd please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast.Follow Kevin on SubStack & read his Book.Follow Martin on Twitter & Read his Book.Episode TimeStamps: 02:23 - Introduction to Martin Wolf07:45 - Why do capitalism and democracy go so well together?14:46 - The conflicts between capitalism and democracy18:43 - Is the risk to democracy global?23:15 - A changed view after the...
The episode is part two of our live event, System Error: Should We Fix Capitalism or Abandon It? Here Chief Economics Commentator at the Financial Times, Martin Wolf and Greek politician and Economist Yanis Varoufakis continue their debate on the future of capitalism. In his new book, The Crisis of Democratic Capitalism, Wolf argues that democratic capitalism remains the best system for human flourishing, while Varoufakis advocates for a post-capitalist world without banks, billionaires, or tech giants. BBC journalist and broadcaster, Ritula Shah, was our host for the night. Part one of this event came out in our last episode and is available now to all our listeners. Do take a listen to that first if you can. Part three is available exclusively to subscribers, along with a special bonus episode from our series Bright Sparks, where we'll be hearing from both Yanis and Martin on the creative ideas that make them tick. This event originally took place at the Tabernacle in London on February 9th 2023 and was produced by Executive Producer Hannah Kaye, with editing by Executive Producer Rowan Slaney. — We'd love to hear your feedback and what you think we should talk about next, who we should have on and what our future debates should be about. Send us an email or voice note with your thoughts to podcasts@intelligencesquared.com or Tweet us at @intelligence2. At Intelligence Squared we've got our own online streaming platform, Intelligence Squared+ and we'd love you to give it a go. It's packed with more than 20 years' worth of video debates and conversations on the world's most important topics as well as exclusive podcast content. Tune in to live events, ask your questions or watch on-demand, totally ad-free with hours of discussion to dive into. Visit intelligencesquaredplus.com to start watching today. Learn more about your ad choices. Visit megaphone.fm/adchoices
This episode brings you part one of our live event, System Error: Should We Fix Capitalism or Abandon It? Chief Economics Commentator at the Financial Times, Martin Wolf, and Greek Politician and Economist, Yanis Varoufakis, debate their views on the future of capitalism. In his new book, The Crisis of Democratic Capitalism, Wolf argues that democratic capitalism remains the best system for human flourishing, while Varoufakis advocates for a post-capitalist world without banks, billionaires, or tech giants. BBC journalist and broadcaster, Ritula Shah, was our host for the night. Parts two and three of this event are available ad-free for subscribers now. For our listeners who don't subscribe, part two will be available in our next episode. We also have a special bonus episode for subscribers from our series Bright Sparks, where we'll be hearing from both Yanis and Martin on the creative ideas that make them tick. This event originally took place at the Tabernacle in London on February 9th 2023 and was produced by Executive Producer Hannah Kaye, with editing by Executive Producer Rowan Slaney. — We'd love to hear your feedback and what you think we should talk about next, who we should have on and what our future debates should be about. Send us an email or voice note with your thoughts to podcasts@intelligencesquared.com or Tweet us at @intelligence2. At Intelligence Squared we've got our own online streaming platform, Intelligence Squared+ and we'd love you to give it a go. It's packed with more than 20 years' worth of video debates and conversations on the world's most important topics as well as exclusive podcast content. Tune in to live events, ask your questions or watch on-demand, totally ad-free with hours of discussion to dive into. Visit intelligencesquaredplus.com to start watching today. Learn more about your ad choices. Visit megaphone.fm/adchoices
Martin Wolf is the chief economics commentator for the Financial Times. He is the author of The Crisis of Democratic Capitalism. In this week's conversation, Yascha Mounk and Martin Wolf discuss the symbiotic relationship between democracy and capitalism; the reasons for the crisis of democratic capitalism; and the dire consequences should it fail. This transcript has been condensed and lightly edited for clarity. Please do listen and spread the word about The Good Fight. If you have not yet signed up for our podcast, please do so now by following this link on your phone. Email: podcast@persuasion.community Website: http://www.persuasion.community Podcast production by John Taylor Williams, and Brendan Ruberry Connect with us! Spotify | Apple | Google Twitter: @Yascha_Mounk & @joinpersuasion Youtube: Yascha Mounk LinkedIn: Persuasion Community Learn more about your ad choices. Visit megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices
In his new book, The Crisis of Democratic Capitalism, Financial Times' chief economics commentator Martin Wolf explores the causes of and solutions to today's global democratic recession.Wolf, who in 2000 was awarded the CBE (Commander of the British Empire) “for services to financial journalism,” is the author of several earlier books on global economics. Together with Martin Reeves, Chairman of BCG Henderson Institute, they discuss the fragile marriage of liberal democracy and market capitalism. They are twin ideologies—both based on the belief in human agency and the rule of law. But when wealth leads to political power or political power to wealth, the system breaks down. We are seeing this play out in keystone liberal democracies struggling to contain populism, and in authoritarian regimes that are gaining momentum.The struggle with populism, in particular, can be traced to three developments: the emergence of societal rifts around questions of identity, the decline of the economic and political position of the working class, and the rise of the financial and tech sector as the new elite. Essential to the restoration of liberal democracy, Wolf and Reeves note, is the imperative to improve economic and political institutions such that opportunity, security, and dignity are available to all.Key topics discussed:00:58 | The fragile marriage of liberal democracy and market capitalism04:08 | Evidence for a global democratic recession11:01 | The forces behind democratic decline15:30 | The agenda for restoring democratic capitalism19:22 | The key role of business leadersAbout the BCG Henderson InstituteThe BCG Henderson Institute is the Boston Consulting Group's think tank, dedicated to exploring and developing valuable new insights from business, technology, economics, and science by embracing the powerful technology of ideas. The Institute engages leaders in provocative discussion and experimentation to expand the boundaries of business theory and practice and to translate innovative ideas from within and beyond business. For more ideas and inspiration, sign up to receive BHI INSIGHTS, our monthly newsletter, and follow us on LinkedIn and Twitter.This podcast uses the following third-party services for analysis: Chartable - https://chartable.com/privacy
Democracy and market capitalism work together, though not always perfectly. However, having a well-functioning democracy and a competitive free market, along with the rule of law will lead to lifting people out of poverty. But Martin Wolf of the Financial Times warns there is a crisis of democratic capitalism due to the rise of authoritarianism.
Carlos Guimarães Pinto é doutorado em economia pela Faculdade de Economia do Porto. Foi consultor de estratégia, tendo trabalhado em mais de 20 países, foi também professor universitário e presidente da Iniciativa Liberal entre 2018 e 2019. Em 2021, fundou o think-tank +Liberdade, o maior think-tank português em número de membros. É atualmente deputado e vice-presidente da Comissão de Economia, Obras Públicas e Habitação. -> Apoie este projecto e faça parte da comunidade de mecenas do 45 Graus em: 45grauspodcast.com _______________ Índice (com timestamps): (4:39) Início — Visão política do convidado. | Da Democracia na América, de Alexis de Tocqueville | Livro: Economics in One Lesson, de Henry Hazlitt | John Locke | Escola Austríaca (19:44) O que dizer da relação ambígua de Friedrich Hayek com a democracia? (22:23) Como foi viver no Dubai, um país autoritário mas em que é possível subir na vida? (31:04) As três principais propostas de CGP para Portugal: baixar a carga fiscal, aumentar a concorrência (tese doutoramento do convidado) e descentralização | O caso da Irlanda | O problema da falta de dados no Estado | Como o IRC desceu na maioria dos países nas últimas décadas. (59:03) No contexto do Mundo, há uma crise do capitalismo? (1:12:19) Porque é difícil haver um partido verdadeiramente liberal em Portugal | As leis portuguesas mais bizarras. (1:19:31) Se defendem a igualdade de oportunidades, porque é que os liberais falam tão pouco de desigualdade económica? | Impacto no apoio dos cidadãos à liberalização económica. | A importância da educação para a mobilidade social | A experiência do convidado na Índia Livro recomendado: Liberalismo e Seus Descontentes, de Francis Fukuyama _______________ O convidado tornou-se conhecido sobretudo enquanto presidente do Iniciativa Liberal, cargo que deixou por iniciativa própria em 2019, logo depois de o partido ter conseguido eleger o primeiro deputado nas eleições legislativas. Para além da actividade política, o convidado foi consultor de estratégia em vários países, professor universitário e doutorou-se em 2020 em economia pela Faculdade de Economia do Porto. Em 2021, fundou o think-tank +Liberdade, “o maior think-tank português em número de membros” (dizem eles, e eu acredito). Comecei por pedir ao convidado para explicar os princípios do liberalismo, tal como ele os entende. Princípios esses com que eu, como sabem, concordo em grande medida. Já tenho mais reservas, porém -- e discutimos sobre isso também -- em relação à colagem de muitos liberais, e do IL em particular, a figuras como Hayek, que tinha uma postura em relação à democracia ambivalente demais para meu gosto. De seguida, discutimos as três grandes medidas que o Carlos propõe para “desbloquear” Portugal: baixar a carga fiscal, aumentar a concorrência e descentralização. São medidas que passam, essencialmente (pelo menos duas delas), por aumentar a liberdade económica em Portugal. Mas a verdade é que, no contexto mais geral do mundo ocidental, o sistema capitalista tem sido cada vez mais criticado nos últimos anos, perante um aumento das desigualdades, a captura dos Estados por interesses privados e uma alegada ênfase exagerada no individualismo. Ainda recentemente Martin Wolf, comentador principal de economia do Financial Times, lançou o livro The Crisis of Democratic Capitalism, em que dá voz a várias destas críticas. Perguntei, por isso, ao Carlos a opinião dele sobre esta discussão, e como é que se pode compatibilizar estas limitações (se é que o são) do capitalismo a nível global com a necessidade de mais liberdade económica em Portugal. No final, confrontei o convidado com uma inquietação que há muito me incomoda: se os liberais defendem tanto a importância da igualdade de oportunidades entre as pessoas, de modo a que possa funcionar o dito “elevador social”, porque é que não defendem medidas para mitigar as óbvias desigualdades de ponto de partida que existem na sociedade? Especificamente, perguntei-lhe o que acharia sobre um imposto maior sobre as heranças. E a verdade é que quase consegui pôr um liberal-clássico, com veia libertária, a defender mais impostos -- quase! _______________ Obrigado aos mecenas do podcast: Francisco Hermenegildo, Ricardo Evangelista, Henrique Pais João Baltazar, Salvador Cunha, Abilio Silva, Tiago Leite, Carlos Martins, Galaró family, Corto Lemos, Miguel Marques, Nuno Costa, Nuno e Ana, João Ribeiro, Helder Miranda, Pedro Lima Ferreira, Cesar Carpinteiro, Luis Fernambuco, Fernando Nunes, Manuel Canelas, Tiago Gonçalves, Carlos Pires, João Domingues, Hélio Bragança da Silva, Sandra Ferreira , Paulo Encarnação , BFDC, António Mexia Santos, Luís Guido, Bruno Heleno Tomás Costa, João Saro, Daniel Correia, Rita Mateus, António Padilha, Tiago Queiroz, Carmen Camacho, João Nelas, Francisco Fonseca, Rafael Santos, Andreia Esteves, Ana Teresa Mota, ARUNE BHURALAL, Mário Lourenço, RB, Maria Pimentel, Luis, Geoffrey Marcelino, Alberto Alcalde, António Rocha Pinto, Ruben de Bragança, João Vieira dos Santos, David Teixeira Alves, Armindo Martins , Carlos Nobre, Bernardo Vidal Pimentel, António Oliveira, Paulo Barros, Nuno Brites, Lígia Violas, Tiago Sequeira, Zé da Radio, João Morais, André Gamito, Diogo Costa, Pedro Ribeiro, Bernardo Cortez Vasco Sá Pinto, David , Tiago Pires, Mafalda Pratas, Joana Margarida Alves Martins, Luis Marques, João Raimundo, Francisco Arantes, Mariana Barosa, Nuno Gonçalves, Pedro Rebelo, Miguel Palhas, Ricardo Duarte, Duarte , Tomás Félix, Vasco Lima, Francisco Vasconcelos, Telmo , José Oliveira Pratas, Jose Pedroso, João Diogo Silva, Joao Diogo, José Proença, João Crispim, João Pinho , Afonso Martins, Robertt Valente, João Barbosa, Renato Mendes, Maria Francisca Couto, Antonio Albuquerque, Ana Sousa Amorim, Francisco Santos, Lara Luís, Manuel Martins, Macaco Quitado, Paulo Ferreira, Diogo Rombo, Francisco Manuel Reis, Bruno Lamas, Daniel Almeida, Patrícia Esquível , Diogo Silva, Luis Gomes, Cesar Correia, Cristiano Tavares, Pedro Gaspar, Gil Batista Marinho, Maria Oliveira, João Pereira, Rui Vilao, João Ferreira, Wedge, José Losa, Hélder Moreira, André Abrantes, Henrique Vieira, João Farinha, Manuel Botelho da Silva, João Diamantino, Ana Rita Laureano, Pedro L, Nuno Malvar, Joel, Rui Antunes7, Tomás Saraiva, Cloé Leal de Magalhães, Joao Barbosa, paulo matos, Fábio Monteiro, Tiago Stock, Beatriz Bagulho, Pedro Bravo, Antonio Loureiro, Hugo Ramos, Inês Inocêncio, Telmo Gomes, Sérgio Nunes, Tiago Pedroso, Teresa Pimentel, Rita Noronha, miguel farracho, José Fangueiro, Zé, Margarida Correia-Neves, Bruno Pinto Vitorino, João Lopes, Joana Pereirinha, Gonçalo Baptista, Dario Rodrigues, tati lima, Pedro On The Road, Catarina Fonseca, JC Pacheco, Sofia Ferreira, Inês Ribeiro, Miguel Jacinto, Tiago Agostinho, Margarida Costa Almeida, Helena Pinheiro, Rui Martins, Fábio Videira Santos, Tomás Lucena, João Freitas, Ricardo Sousa, RJ, Francisco Seabra Guimarães, Carlos Branco, David Palhota, Carlos Castro, Alexandre Alves, Cláudia Gomes Batista, Ana Leal, Ricardo Trindade, Luís Machado, Andrzej Stuart-Thompson, Diego Goulart, Filipa Portela, Paulo Rafael, Paloma Nunes, Marta Mendonca, Teresa Painho, Duarte Cameirão, Rodrigo Silva, José Alberto Gomes, Joao Gama, Cristina Loureiro, Tiago Gama, Tiago Rodrigues, Miguel Duarte, Ana Cantanhede, Artur Castro Freire, Rui Passos Rocha, Pedro Costa Antunes, Sofia Almeida, Ricardo Andrade Guimarães, Daniel Pais, Miguel Bastos, Luís Santos _______________ Esta conversa foi editada por: Hugo Oliveira
With the sudden collapse of Silicon Valley Bank, inflation around the world, and the rise of populism there is no better time to take a step back and look at democratic capitalism as a whole. David and Ed Luce discussed with Martin Wolf author of the new book "The Crisis of Democratic Capitalism". Why is democratic capitalism at risk? How have media outlets like Fox News had an impact on the system as a whole? What should we make of the SVB bailout? Find out the answer to these and other questions during this enlightening discussion. Don't miss it. Learn more about your ad choices. Visit megaphone.fm/adchoices
With the sudden collapse of Silicon Valley Bank, inflation around the world, and the rise of populism there is no better time to take a step back and look at democratic capitalism as a whole. David and Ed Luce discussed with Martin Wolf author of the new book "The Crisis of Democratic Capitalism". Why is democratic capitalism at risk? How have media outlets like Fox News had an impact on the system as a whole? What should we make of the SVB bailout? Find out the answer to these and other questions during this enlightening discussion. Don't miss it. Learn more about your ad choices. Visit megaphone.fm/adchoices
Some analysts argue that capitalism would work better without democracy, while others believe that democracy would be better off without capitalism – so what's the solution? In his new book “The crisis of democratic capitalism”, Martin Wolf, chief economics commentator at the Financial Times, sets out how they actually need one another if either is to thrive. In this week's episode, host Mark Leonard welcomes Wolf to discuss what democratic capitalism is all about and how it is threatened by two distinct authoritarian versions of capitalism. What does all this mean for the development of democracy and capitalism in developing and emerging economies? And what are the chances that democratic capitalism will remain the model to which countries around the world aspire? This podcast was recorded on 10 February 2023. Bookshelf - The crisis of democratic capitalism by Martin Wolf - Slouching towards utopia by J. Bradford DeLong
It's Ok To Be Angry About Capitalism is the title of the new book by the US politician Bernie Sanders. In it he castigates a system that he argues is fuelled by uncontrolled greed and rigged against ordinary people. He tells Tom Sutcliffe it's time to reject an economic order and a political system that continues to benefit the super-rich, and fight for a democracy that recognises that economic rights are human rights. The Chief Economics Commentator at the Financial Times Martin Wolf looks more closely at how and why the relationship between capitalism and democracy appears to be unravelling. But despite the failings – slowing growth, growing inequality and widespread popular disillusion – he argues in The Crisis of Democratic Capitalism that the relationship remains the best system for human flourishing. But the economist Kate Raworth believes that mainstream economics has had its day. Its failure to predict and prevent financial crises, while allowing extreme poverty, inequality and environment degradation to persist, means its contributing to, not solving, societal unrest. She argues that her theory – Doughnut Economics – offers a new model for a green, fair and thriving global economy. Producer: Katy Hickman
Does China show that capitalism works better without democracy? What can be done to secure the future of open societies in which there is wealth, tolerance and stability. Martin Wolf - associate editor of the Financial Times and its chief economist - has been thinking about these big questions for his book The Crisis of Democratic Capitalism (Penguin, 2023). Listen to him in conversation with Owen Bennett Jones. Owen Bennett-Jones is a freelance journalist and writer. A former BBC correspondent and presenter he has been a resident foreign correspondent in Bucharest, Geneva, Islamabad, Hanoi and Beirut. He is recently wrote a history of the Bhutto dynasty which was published by Yale University Press. Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/new-books-network
Subscribe to The Realignment to access our exclusive Q&A episodes and support the show: https://realignment.supercast.com/.REALIGNMENT NEWSLETTER: https://therealignment.substack.com/PURCHASE BOOKS AT OUR BOOKSHOP: https://bookshop.org/shop/therealignmentEmail us at: realignmentpod@gmail.comMartin Wolf, author of The Crisis of Democratic Capitalism and chief economics commentator at the Financial Times, joins The Realignment to discuss why the marriage between democracy and capitalism is coming undone, the nature of our systemic crisis, what critics of capitalism and democracy get right (and wrong), and why democratic capitalism is superior to the alternatives.
In This Episode:Mark Tooley, President of the Institute for Religion and Democracy, joins the podcast to discuss “The New Whiggery,” the IRD's new fellowship on the principles of classical liberalism and the American Foundingwhat a Christian realism approach to foreign policy looks likehow classical liberalism differs from conservatism, and why some right-leaning thinkers like Hayek wanted to eschew the term “conservative”Texts Mentioned:Providence MagazinePlough MagazineThe New Whiggery Fellowship“Thomas Aquinas, The First Whig” by Michael NovakThe Englishman and His History by Herbert Butterfield“Why I Am Not a Conservative” by F.A. HayekThe Spirit of Democratic Capitalism by Michael NovakGod and Man at Yale: The Superstitions of Academic Freedom by William F. Buckley, Jr.“The New Whiggery” by Mark TooleyThe Roots of American Order by Russell KirkBecome a part of ISI:Become a MemberSupport ISIUpcoming ISI Events
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.” www.patreon.com/bunkercast 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 Learn more about your ad choices. Visit megaphone.fm/adchoices
In the new book The Crisis of Democratic Capitalism, Martin Wolf, Chief Economics Commentator at the Financial Times, discusses the clearest ways available to save a system that's delivered prosperity and freedom. Plus, its an Antwentig! And a car crashes into a 7-Eleven every day, but, to our credit, no one makes the “we must find this car and stop it” joke on the show today … so, you're welcome. Produced by Joel Patterson and Corey Wara Email us at thegist@mikepesca.com To advertise on the show, visit: https://advertisecast.com/TheGist https://mikepesca.substack.com/ Learn more about your ad choices. Visit podcastchoices.com/adchoices
Martin Wolf is a renowned Financial Times columnist, and his new book is The Crisis of Democratic Capitalism. In it, he argues that liberal democracy and market capitalism are inextricably linked – and that both must be reformed to survive. Bethany and Luigi discuss with Wolf how meritocracy, rising inequality, polarization, and the erosion of trust led to this crisis and debate whether it was policy failures or the mistakes of capitalism that exacerbated it. Ultimately, they also try to answer the question: Will the US be a functioning democracy by the end of the century?Show notes:Read the following articles in ProMarket:There Is a Direct Line from Milton Friedman to Donald Trump's Assault on Democracy, by Martin WolfGeorge Stigler and the Challenge of Democracy, by Anat AdmatiCorporations Are Not “We the People,” by Geoffrey StoneeBook: Milton Friedman 50 Years Later, a ReevaluationAlso, check out relevant past Capitalisn't episodes:Why Capitalism Needs DemocracyThe Breaking Point Of Democracy With Morton Schapiro and Gary Morson
I think democracy and capitalism are individually in crisis in that they're not working very well and that the combination of the two in one political and economic system, which we have come to think of as the Western Way, is in crisis not only because the two component parts are in crisis, but because they're in crisis interactively.Martin WolfBecome a Patron!Make a one-time Donation to Democracy Paradox.A full transcript is available at www.democracyparadox.com.Martin Wolf is the chief economics commentator at the Financial Times. He has written many books, but his most recent is The Crisis of Democratic Capitalism.Key HighlightsIntroduction - 0:51The Link Between Democracy and Capitalism - 3:10Does Capitalism Reinforce Democracy? 16:50Status Anxiety - 26:13Populism- 38:55Key LinksThe Crisis of Democratic Capitalism by Martin WolfRead Martin Wolf's writings at the Financial TimesFollow Martin Wolf on Twitter @martinwolf_Democracy Paradox PodcastFrancis Fukuyama Responds to Liberalism's DiscontentsLarry Diamond on Supporting Democracy in the World and at HomeMore Episodes from the PodcastMore InformationDemocracy GroupApes of the State created all MusicEmail the show at jkempf@democracyparadox.comFollow on Twitter @DemParadox, Facebook, Instagram @democracyparadoxpodcast100 Books on DemocracyDemocracy Paradox is part of the Amazon Affiliates Program and earns commissions on items purchased from links to the Amazon website. All links are to recommended books discussed in the podcast or referenced in the blog.Support the show
Open markets together with free and fair elections have long been the American ideal. But, in his new book, Financial Times chief economics commentator Martin Wolf argues this is a fragile marriage that is spinning towards divorce.For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Financial Times columnist Martin Wolf discusses his just-released book, The Crisis of Democratic Capitalism, which explores the reasons why Liberal democracy is threatened by authoritarianism and what needs to be done to resurrect democratic capitalism. Link to the book
The combination of a markets-based capitalist economy and a liberal democracy with almost-universal suffrage is very young, having existed for barely more than a century. But what we've learned in that short time is that there has never been a more successful political and societal arrangement. None of the tyrannies and the plutocracies that have been the default for nearly all of human history has ever been nearly as good at raising people's living standards, and at giving people the individual freedoms to choose how they live their lives. But that marriage between capitalism and democracy has always been a fragile one. And in the last decade or two, that system has been under threat from within the very liberal democracies where it exists, especially in the US and across parts of Europe. What happened?The guest for this episode is Martin Wolf, the chief economics commentator of the Financial Times and author of a new book called The Crisis of Democratic Capitalism. As Martin writes:The health of our societies depends on sustaining a delicate balance between the economic and the political, the individual and the collective, the national and the global. But that balance is broken. Our economy has destabilized our politics and vice versa… A big part of the reason for this is that the economy is not delivering the security and widely shared prosperity expected by large parts of our societies. One symptom of this disappointment is a widespread loss of confidence in elites. Another is rising populism and authoritarianism. Another is the rise of identity politics of both left and right. Yet another is loss of trust in the notion of truth. Once this last happens, the possibility of informed and rational debate among citizens, the very foundation of democracy, has evaporated.Martin discusses these themes with Cardiff, what should be done to confront this crisis of democratic capitalism, what a "New New Deal" can look like, the threat (and opportunity) of China as a global superpower, and how Martin's own personal history influenced his values and thinking.Related links: The Crisis of Democratic Capitalism Martin's columns at the Financial Times Hosted on Acast. See acast.com/privacy for more information.