Why Capitalism Isn't Without Democracy

The drugs in your medicine cabinet were probably discovered on your dime, in a university lab, with NIH money. You don't hold the patent. You don't set the price. Same story with the touchscreen, the GPS and the voice assistant in your pocket.The public often helps fund breakthro ...  Show more

AI is coming for your job; AI isn't coming for your job. Economist Luis Garicano thinks both camps are asking the wrong question. In Messy Jobs: The Work That AI Cannot Reach, Garicano and co-authors Jin Li and Yanhui Wu argue that all knowledge work varies along a dimension of “ ...  Show more

Rebecca Henderson, professor at Harvard Business School, says that both capitalism and democracy are failing us. She argues that it will take public and private leaders working together to simultaneously fix these two systems because free markets don't function well without free ...  Show more

Gideon talks to Martin Wolf, the FT’s chief economics commentator, about his new book, The Crisis of Democratic Capitalism. They discuss why the post-war settlement between democratic governments and their people is no longer fit for purpose and what can be done to re ...

NOTE TO SUBSCRIBERS: Despite the multiple setbacks we have experienced over the last several months in our efforts to continue producing and releasing Economic Update here on YouTube, we are very excited to announce the return of Economic Update to YouTube as of today. Over the n ...  Show more

Some analysts argue that capitalism would work better without democracy, while others believe that democracy would be better off without capitalism – so what’s the solution? In his new book “The crisis of democratic capitalism”, Martin Wolf, chief economics commentator at the Fin ...  Show more