Martin Wolf - 'Elites vs 'the People': rise of populism and the crisis of democratic capitalism'

Martin Wolf, Chief Economics Commentator at the Financial Times, talks about the state of democratic capitalism today and its impact on the future.

[aquious]

We haven't had a March toward global democracy! We've had a March toward corporatocracy.

[marcinskibinski]

Humans are far too complex for a simple system to fix all the problems. The only way for improvement is continuous research, reasessment, and careful changes based on scientific research by fully qualified specialists elected by the people and only by the people.

[lanceawatt]

Thought-provoking presentation.

Addressing economic inequality via taxation, cultural integration and reducing the flow of immigration ought to in theory mitigate the crises of today.

In theory. Now try putting these things into practice.

[hcwcars]

“Where we are is more important than where we will be because right now, we are in sort of a Twilight Zone of transition between stability and instability. I think this is a dangerous time, and for some, it will be more dangerous than the actual collapse. . . . The question being asked is ‘when is the collapse going to happen?’ We are in a worse period. It’s a pre-collapse period. This is what happened before WWII. This is what happened before Rome fell. It was a period in time where things worked sort of, a sort of function and a sort of dysfunction. There has always been racketeering in our economy and in our society. It’s human nature, but here’s the difference. In a society that’s functioning, the society can survive with some percentage of racketeering. Right now, racketeering is so pervasive you cannot do the things in society for that society to function.”
~~~ Financial and geopolitical analyst Warren Pollock

[drhutter]

People like Martin - condescending, out of touch elite - are exactly why i voted brexit