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 Wolf

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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 Highlights

• Introduction - 0:51
• The Link Between Democracy and Capitalism  - 3:10
• Does Capitalism Reinforce Democracy? 16:50
• Status Anxiety - 26:13
• Populism- 38:55

Key Links

The Crisis of Democratic Capitalism by Martin Wolf

Read Martin Wolf's writings at the Financial Times

Follow Martin Wolf on Twitter @martinwolf_

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Larry Diamond on Supporting Democracy in the World and at Home

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