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Americans roundly rejected the Republican Party under President Donald Trump at the ballot box, giving the Democratic Party control of both the House of Representatives and the Senate. That means Democrats have a raft of new tools with which to oppose Trump, including control of investigative committees the party may use to look into alleged corruption. How should the Democrats use that power? Does the scale of their victory mean they have the country’s backing, or just that Republicans were unpopular? And will Trump’s brand of politics return? Martin speaks to Nobel prize-winning economist Paul Krugman to discuss what happens next. To enjoy future episodes, be sure to subscribe to ‘Martin Wolf on the World’ wherever you get your podcasts. You can also watch Martin’s podcast series on the FT’s YouTube channel here: https://www.youtube.com/@FinancialTimes Host: Martin Wolf Producer: Mischa Frankl-Duval Senior producer: Laurence Knight Executive producer: Manuela Saragosa Video editor: Richard Topping Senior Audio Engineer: Breen Turner Broadcast engineers: Andrew Georgiadis Podcast development: Laura Clarke FT Global Head of Audio: Flo Phillips Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As Americans prepare to vote in the November 3 midterm elections, the FT’s chief economics commentator Martin Wolf asks what the result will mean for Donald Trump, the future of US democracy and America's place in the world. In the third of a six-part series, Martin speaks to political scientist and author Barbara F Walter, an expert on civil wars and political violence, about the risk of unrest surrounding the elections. Drawing on her research into countries around the world, Walter explains the warning signs of political violence, and why America's changing demographics and the struggle to hold on to political power are fuelling divisions. How close is the US to a dangerous tipping point? And can American democracy emerge from the midterms stronger rather than more divided? To enjoy future episodes, be sure to subscribe to ‘Martin Wolf on the World’ wherever you get your podcasts. You can also watch Martin’s podcast series on the FT’s YouTube channel here: https://www.youtube.com/@FinancialTimes Host: Martin Wolf Producer: Mischa Frankl-Duval Senior producers: Laurence Knight and Edwin Lane Executive producer: Manuela Saragosa Video editor: Richard Topping Senior Audio Engineer: Breen Turner Broadcast engineers: Andrew Georgiades Podcast development: Laura Clarke FT Global Head of Audio: Flo Phillips Learn more at www.ft.com/martin-wolf-on-the-world Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As Americans prepare to vote in the November 3 midterm elections, FT chief economics commentator Martin Wolf asks what the result will mean for Donald Trump, the future of US democracy and America's place in the world. In the second of a six-part series of interviews with leading historians and political analysts, Martin speaks to Pulitzer Prize-winning historian and author Anne Applebaum about the global stakes of November’s elections. They discuss the parallels between Trump’s America and other authoritarian regimes and what the US’s changing role means for Europe and Ukraine. Even if Trump suffers a political setback, can the US ever regain the trust of its allies? To enjoy future episodes, be sure to subscribe to ‘Martin Wolf on the World’ wherever you get your podcasts. You can also watch Martin’s podcast series on the FT’s YouTube channel here: https://www.youtube.com/@FinancialTimes Host: Martin Wolf Producer: Mischa Frankl-Duval Senior producer: Laurence Knight Executive producer: Manuela Saragosa Video editor: Claire Justin Audio engineering: Breen Turner Broadcast engineers: Andrew Georgiades Podcast development: Laura Clarke FT global head of audio: Flo Phillips Learn more at www.ft.com/martin-wolf-on-the-world Hosted on Acast. See acast.com/privacy for more information.

As Americans prepare to vote in the November 3 midterm elections, FT chief economics commentator Martin Wolf asks what the result will mean for Donald Trump, the future of US democracy and America's place in the world. In the first of a six-part series of interviews with leading historians and political analysts, Martin speaks to the scholar and former Republican adviser Robert Kagan, who has spent a decade warning about Trump's authoritarian ambitions. They discuss how Trump has accumulated so much power, whether America's democratic institutions can still constrain him, and what might happen if Republicans lose control of Congress. Could these elections mark a turning point for American democracy or has the country already gone too far down the road towards authoritarianism? Watch the full episode now on the FT’s main YouTube channel here: https://www.youtube.com/@FinancialTimes Host: Martin Wolf Producer: Mischa Frankl-Duval Senior Producer: Laurence Knight Executive Producer: Manuela Saragosa Video Editor: Richard Topping Audio engineering: Breen Turner Broadcast engineers: Andrew Georgiadis Podcast development: Laura Clarke FT Global Head of Audio: Flo Phillips Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In this final episode of their series for The Economics Show, FT chief economics commentator Martin Wolf and Nobel laureate Paul Krugman consider listeners’ questions and comments ranging from a critique of globalisation, increasing inequality and plutocracy, the global appetite for US federal debt, China’s economic future and much more. Read Martin’s column here Subscribe to Paul’s substack here Find Paul’s cultural coda here. Find Martin’s cultural coda here. Produced by Mischa Frankl-Duval and Josh Gabert-Doyon. Manuela Saragosa is the executive producer. Tom Hannen is the video editor. Sound design and original music by Breen Turner. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The US last week released its new national security strategy – and it wasn’t good news for Europe. The document, which sets out US foreign policy priorities, blasted Europe for undermining “political liberty and sovereignty”, de-emphasised the threat from Russia, reframed America’s competition with China and put influence over the western hemisphere at the top of the US agenda. In this episode, FT chief economics commentator Martin Wolf and Nobel laureate Paul Krugman discuss what the impact of this new US strategy may be. How should Europe react to this sharp turn from its strongest historical ally? And is Trump handing China the world on a silver platter? Read Martin’s column here Subscribe to Paul’s Substack here Find Paul’s cultural coda here. Find Martin’s cultural coda here. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Tom Hannen is the video editor. Sound design by Breen Turner. Original music by Breen Turner. The Wolf-Krugman Exchange: America vs the world video Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Donald Trump promised to bring industrial jobs back to America when he swept to victory in last year’s presidential election, powered by a 12-point lead among male voters, but can he really deliver? In the second of this four-part series, the FT’s chief economics commentator Martin Wolf and Nobel prize-winning economist Paul Krugman discuss the economic plight of American men - why their problems are real, but Maga’s proposed solutions are not. Plus, they consider the policy platform of another populist, the newly elected mayor of New York City, Zohran Mamdani, and whether his affordability agenda can translate into a nationwide policy for the Democrats. Read Martin’s column here Subscribe to Paul’s substack here Find Paul’s cultural coda here Find Martin’s cultural coda here Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Sound design by Sam Giovinco and Breen Turner. Original music by Breen Turner. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

As President Donald Trump approaches the one-year anniversary of his second term in office, the FT’s chief economics commentator Martin Wolf, and Nobel prize-winning economist Paul Krugman sit down to discuss the US economy and the state of American democracy. Are American consumers finally feeling the effect of Trump’s tariffs? Is AI to blame for the frozen labour market? Or is the spectre of a weakening democracy and plutocracy to blame for slumping consumer sentiment? In the first of four weekly episodes, Wolf and Krugman unpick the US and world economy, with Krugman explaining why he’s less pessimistic now than he was earlier this year. Read Martin’s column here. Subscribe to Paul’s Substack here. Find Paul’s cultural coda here. Find Martin’s cultural coda here. Produced by Mischa Frankl-Duval. Manuela Saragosa is the executive producer. Original music and sound design by Breen Turner. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In the sixth of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman tackle a selection of questions, and even some criticisms, sent in by their audience. Listen to Paul Krugman’s cultural coda, Carole King’s It's too late, here Listen to Martin Wolf’s cultural coda, Va Pensiero from Verdi’s Nabucco, here Read Martin’s FT column here Subscribe to Paul’s substack here The Wolf-Krugman Exchange was produced by Sandra Kanthal and Mischa Frankl-Duval, and the broadcast engineer was Andrew Georgiades. The sound engineer was Breen Turner. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In the fifth of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the way American politics is crashing against both the guardrails of a stable, democratic system and the rules and norms of the postwar economic order and how this could jeopardise the importance of the US on the world stage. Paul Krugman’s Cultural Coda: Stephen Sondheim: "We had a good thing going" https://www.youtube.com/watch?v=NTbrbiM-slg&list=RDNTbrbiM-slg&start_radio=1 Martin Wolf’s Cultural Coda: Jonas Kaufmann: Freiheit from Beethoven’s Fidelio https://www.youtube.com/watch?v=GvfhmGsFMEo Read Martin’s FT column here Subscribe to Paul’s substack here The Wolf-Krugman Exchange is produced by Sandra Kanthal. The broadcast engineer was Rod Fitzgerald. The sound engineer is Breen Turner. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In the fourth of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman ask if advances in artificial intelligence will reshape the working world as we know it. Or are we hearing an old familiar story that has been told many times before? Paul Krugman’s Cultural Coda: Loretta Lynn - "Coal Miner's Daughter": https://www.youtube.com/watch?v=f9eHp7JJgq8&list=RDf9eHp7JJgq8&start_radio=1 Martin Wolf’s Cultural Coda: Thomas Mann's The Magic Mountain, published in 1924. https://en.wikipedia.org/wiki/The_Magic_Mountain Read Martin Wolf's selection of the best economics summer reads for 2025 here Read Martin’s FT column here Subscribe to Paul’s substack here The Wolf-Krugman Exchange is produced by Sandra Kanthal and Mischa Frankl-Duval, and the broadcast engineer is Andrew Georgiades. The sound engineer is Jean-Marc Eck. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In the second of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss the way economic trends have fractured societies on both sides of the Atlantic and the jeopardy that poses to liberal democracies in Europe and America. Paul Krugman’s Cultural Coda: Let America Be America Again by Langston Hughes https://poets.org/poem/let-america-be-america-again Martin Wolf’s Cultural Coda: The Tariff Song by Dan Shore https://m.youtube.com/watch?v=eWtn6kWXAsQ&utm_source=substack&utm_medium=email Read Martin’s FT column here Subscribe to Paul’s substack here The Wolf-Krugman Exchange was produced by Sandra Kanthal and Mischa Frankl-Duval, and the broadcast engineer was Andrew Georgiades. The sound engineer was Breen Turner. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

In part one of this six-part series of The Economics Show, Martin Wolf, the FT’s chief economics commentator, and Nobel Prize-winning economist Paul Krugman discuss how trust in the postwar world economic system is being lost and weigh the costs and consequences of that. Paul Krugman’s Cultural Coda: Quarterflash, ”Harden My Heart”- https://www.youtube.com/watch?v=TNFSED77-GM Martin Wolf’s Cultural Coda:The Beatles, “For No One” https://www.youtube.com/watch?v=ELlLIwhvknk Read Martin’s FT column here Subscribe to Paul’s substack here The Wolf-Krugman Exchange was produced by Sandra Kanthal and Mischa Frankl-Duval, and the broadcast engineer was Richard Topping. The sound engineer was Breen Turner. Manuela Saragosa is the FT’s acting co-head of audio. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Martin Wolf is worried about the threat autocrats pose to liberal democracies. Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, but in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. In this episode, Martin spells out his concerns to the FT’s executive opinion editor, Jonathan Derbyshire, and they discuss what Martin has gleaned from his conversations with Robert Kagan, Fiona Hill, Anne Applebaum and Raghuram Rajan. Did they ease his concerns in any way? Links: Martin Wolf column: Fascism has changed, but it is not dead For Martin’s other FT columns click here This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

Across the world, billions of citizens are being asked to cast their vote in elections taking place in more than 50 countries, and in many places, populist, illiberal and far-right parties are either growing in support or consolidating gains they have already made. Fiona Hill, who served as senior director for European and Russian affairs on the National Security Council in the Trump White House from 2017 to 2019, tells Martin Wolf about the parallels she sees between Donald Trump and Vladimir Putin, why she believes the US Congress has failed and how she will not be breathing a sigh of relief if President Joe Biden wins in the November polls. Clips: The Times, The Sunday Times, CSpan Links: Martin Wolf column: Fascism has changed, but it is not dead For Martin’s other FT columns click here This episode is presented by Martin Wolf. The producer is Sandra Kanthal. Production help from Sonja Hutson. The executive producer is Manuela Saragosa and the sound engineer is Nigel Appleton. The FT's global head of audio is Cheryl Brumley. Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.