81. The Democratic Recession, with Martin Wolf

Uncommon Decency

"It is rather for us to be here dedicated to the great task remaining before us, that from these honored dead we take increased devotion to that cause for which they gave the last full measure of devotion, that we here highly resolve that these dead shall not have died in vain, that this nation, under God, shall have a new birth of freedom, and that government of the people, by the people, for the people, shall not perish from the earth." That is the peroration from possibly the greatest speech ever written, Abraham Lincoln’s Gettysburg Address. The final words have been a rallying call for the voices of liberty and democracy not just in the US but across the world. However, those voices have been met with a growing chorus pushing back on the ideals of democratic governance. The debate over whether we are in a democratic recession has become a mainstay of modern political discourse, and world leaders are increasingly casting the world in manichean terms of democracies vs. autocracies. That is the context in which our guest this week, Martin Wolf, wrote his latest book. The Chief Economics Commentator for the Financial Times and one of the preeminent thought leaders in the West on economics and politics, Wolf is the author of a number of books, with his latest one, The Crisis of Democratic Capitalism (2023), covering all the most pertinent issues shaping the globe today. What is ailing democracy? What reforms are needed? What is the relationship between capitalism and democracy? These were just some of the questions that we covered during this episode. There is also a policy discussion for our Patreons including the merits of Starship Trooper’s citizenship policy, and a discussion on changing voting laws away from one person one vote, not to ranked choice voting, but something far more interesting.

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