short while police station, the the, [000:00:00;00] the welcome back joelle's appointments to thomas paley, an american economist, and the founder of the economics for democratic and open societies. project mr. paley, as we have been talking before they break, it's impossible to ask for develop person. but i wonder if american policy makers understand the democracy also needs maintenance. it's impossible to keep with a turnover without actually doing much work. do you think that resonates with americans? because i think in the american society there is a lot of this and of history sort of feel. and they assume that once they arrive the democracy, nothing has to be done and then they'll be there forever. it can be taken for granted. i think you're too nice to say that they think of it in terms of the end of history that not that intellectual. well, i'll lead us. um, what we have is capture. i mean, we have, for what democracy and actually each one of the interesting, even the think i read recently in the economist magazine that those are the democracy index on the economist is quite a right

well, to discuss it, i'm now enjoying, by thomas paley and american economists. also there are several books including plenty of nothing. and the founder of the economics for democratic and open societies project. mr. bailey, it's a great honor and great pleasure for me to talk to thank you very much for your time. thank you very much for inviting me. i'm looking forward to this. now you're not only a prominent economy, but also i think this, i'm extend an economic to store and, and what i really like about here our approach is that the, your factor in psychology, culture, morality as a way of explaining, i cannot think behavior of people or whole nations and using this a very comprehensive plan. so i want to start by asking where do you think the global economy assigns itself at this very point i want on. so in terms of strong weak what i, but i think i'd like to use a school last a. i'll give it a grade. i give it a c great. and of course, to understand the global economy, it consists as pieces. and so i, i don't think that that being is 3 pieces of significanc

i'm now joined by thomas paley and american economists. all set are several books, including plenty of nothing. and they found are all the economics for democratic and open societies project. mr. bailey, it's a great honor and great pleasure for me to talk to. thank you very much for your time. well, thank you very much for inviting me. i'm looking forward to this. now you're not only a prominent the economist, but also i think this, i'm extend an economic your story and, and what i really like about here, our approach is that the, your factor in a psychology culture, morality as a way of explaining the phenomenon, behavior of people or nations and using these very comprehensive plans, i want to start by asking, where do you think the global economy is, finds itself at this very point i want on. so in terms of strong weak what i think i'd like to use of a school mazda, i'll give it a grade. i give it a c great. and of course, to understand the global economy, it consists as pieces. i'm so i, i don't think that that being is 3 pieces of sig