Since its origins, democracy has been a work in progress. Today, many question its resilience. The Bertelsmann Foundation and Humanity in Action have teamed up with Andrew Keen, author of How to Fix the Future, to launch How to Fix Democracy: a video and podcast series exploring practical responses to the threats facing democracies around the world. Host Andrew Keen interviews prominent thinkers, writers, politicians, technologists, and business leaders who enlighten and challenge us as we seek the answers to How to Fix Democracy.
In this episode, host Andrew Keen sits down with Adam Tooze, theDirector of the European Institute & Kathryn and Shelby Cullom Davis Professor of History at Columbia University. In this interview with Andrew Keen, he discusses the past relationship between capitalism and liberal democracy and how the development of the two went hand-in-hand in the modern era towards a high-point, in large part due to the wars of the 20th century. Our crises today are also formative, but not in the same way as back then, Tooze argues. It is yet to be seen, he says, how crises of our time, such as COVID-19 and economic inequality, will shape our societies in this century, but the system that has combined capitalism and liberal democracy is facing serious attrition.