Season 8, Episode 33

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The economist Raghuram Rajan is gravely concerned by the rise of populism around the world — on both the left and the right. (Photo: Ella87/Pixabay)

In 2005, Raghuram Rajan said the financial system was at risk “of a catastrophic meltdown.” After stints at the I.M.F. and India’s central bank, he sees another potential crisis — and he offers a solution. Is it stronger governments? Freer markets? Rajan’s answer: neither.

To find out more, check out the podcast from which this hour was drawn: “This Economist Predicted the Last Crisis. What’s the Next One?