The former governor of the Bank of England and the renowned FT commentator explore why the relationship between democracy and capitalism is coming undone.
We are living in an age when economic failings have shaken faith in global capitalism. Political failings have undermined trust in liberal democracy and in the very notion of truth. The ties that ought to bind open markets to free and fair elections are being strained and rejected, even in democracy’s notional heartlands. Some now argue that capitalism is better without democracy; others that democracy is better without capitalism. What can be done? In this episode of the podcast, Martin Wolf and Mervyn King consider the present and future of our political and economic framework.