Marshall here. Welcome back to the Realignment.

Hey everyone, welcome back to the show. Hope you had a nice long weekend.

I know Sagar and I did. We ended up going to London where he got engaged to his

now fiance, Jillian. So if you haven't got a chance, check out Sagar's Instagram and leave

a nice comment speaking of London. Today's guest, Martin Wolfe, is an associate editor and chief

economics commentator at the Financial Times, which is based in London. His new book is The Crisis

of Democratic Capitalism and it's really unpacking what our current status quo looks like,

how the system defines a democratic capitalist one, doesn't work, who it serves, who it doesn't

serve, what the alternatives are, and why he ultimately comes around to defending said system.

If I could think about my entire political life basically since around 2007, it's really been

defined by these big debates about our system. It's been defined by the 2008 financial crisis,

by Occupy Wall Street, by Donald Trump's run in 2016 over issues around globalization,

after trade immigration. And now we could be going into another electoral cycle where this debate

continues once more. So it's always good to have an episode like this checking on the big narrative

that's defining the current political moment. Well, I'd said quick shout out, the substack is going

out tomorrow. So definitely check that out. The supercast is how we support the show. So I can

not going to be recording our next edition of Listener Q&A. So go to reallandment.supercast.com.

If you like to subscribe, get access to that bonus content. And of course, the huge thank you

to Lincoln Network for supporting our work. Hope you all enjoy the conversation.

Martin Wolf, welcome to the reallandment. It's a pleasure.

Here's the first question. Why write this book now? It seems like one could have written a book

about the crisis of democratic capitalism, basically at any point from 2008 onwards. So what about

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