Stephen Sackur interviews Sir Angus Deaton, a British-American economist and academic. He was awarded the Nobel Prize in Economics (2015) for his analysis of consumption, poverty, and welfare. He has just launched the Deaton Review with the Institute for Fiscal Studies; a five-year academic investigation into inequalities in the UK, the largest ever conducted. What can Western democracies do to tame capitalism and reduce its worst effects?

Image: Sir Angus Deaton (Credit: Oscar Gonzalez/NurPhoto via Getty Images)