Around the world, populations angry at stagnant wages and growing inequality have rebelled against established governments and turned to political extremes. Now, according to economist Dambisa Moyo, liberal democracy threatens to lose its vanguard place as a leading engine for growth and prosperity. With wisdom from her book Edge of Chaos: Why Democracy Is Failing to Deliver Economic Growth, and How to Fix It, Moyo outlines how democracy is struggling to overcome unprecedented economic headwinds—from aging populations to scarce resources to unsustainable debt burdens. She explores the potential for democracies to become hobbled by short-term thinking and ideological dogma, and how they risk falling prey to nationalism and protectionism that will deliver declining living standards.
Moyo joins us to discuss why economic growth is essential to global stability, and why liberal democracies are failing to produce it today. Rather than turning away from democracy, she argues, we must construct a radical blueprint to fundamentally reform it in order to galvanize growth and ensure the survival of democracy in the twenty-first century.
Dambisa Moyo is a prize-winning economist. The author of New York Times bestsellers Winner Take All and Dead Aid, she was named one of the “100 Most Influential People in the World” by Time Magazine. Moyo is a regular contributor to the Wall Street Journal and Financial Times.
Presented by Town Hall Seattle as part of the Civics series.