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 Maya MacGuineas, the president of the bipartisan Committee for a Responsible Federal Budget and an expert on budget, tax, and economic policy. In this interview, hosted by Andrew Keen, they discuss the economic threats to democracy in America, in particular the loss of trust in our institutions and in the very system of capitalism. At the core of this loss of trust is growing economic inequality. Can capitalism be reformed to reduce economic inequalities and restore trust in institutions and capitalism? It will be difficult with the debt the US government has accrued in recent years, says MacGuineas, but in our current economic and health crisis the need for change is only more evident.