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How to Fix Democracy

Apr 14, 2020

In this episode, host Andrew Keen sits down with distinguished economist, Sir Angus Deaton, the Dwight D. Eisenhower Professor of International Affairs, Emeritus, Professor of Economics and International Affairs, Emeritus, and Senior Scholar at Princeton University. Sir Angus Deaton, who was awarded the Nobel Prize in Economics in 2015 for his analysis of consumption, poverty, and welfare, discusses why capitalism is no longer delivering happiness and quality of life for working class people in the United States. Instead, it has created growing inequality in the U.S. healthcare system as many Americans are deprived of health insurance and can no longer afford care, especially when they are unemployed. Deaton’s latest book, “Deaths of Despair and the Future of Capitalism”, written with his fellow Princeton economist and wife Anne Case, looks at precisely this issue: how a changing global economy can have dire public health consequences. Fixing healthcare inequality, Deaton argues in this interview, must be a top priority for the future of capitalism and democracy in the land of the American Dream.