What is democracy, really—and is it still working?
In this episode, Sinead chats to legendary hedge fund manager Eric Lonergan while Alex is on vacation. They poke and prod around the big questions about democracy today. From crumbling institutions to the rise of digital tribalism, they ask whether we’re still living in a democracy—or just a really well-branded illusion of one.
It’s a spirited dive into how tech is rewiring politics, why economic power is quietly reshaping the rules, and whether new models of governance could actually work.
A conversation for anyone who’s ever asked: Wait… who’s really in charge here?
Takeaways
Democracy is often discussed but rarely defined clearly.
The erosion of democracy can occur gradually, not just through overt overthrow.
Conflict resolution and peaceful power transfer are fundamental to democracy.
Tribalism can undermine democratic processes and lead to violence.
Power is not just concentrated at the top; it is diffused throughout society.
Technology plays a significant role in shaping democratic engagement.
New models of democracy, such as liquid democracy, are emerging.
The influence of economic forces on democracy is profound and often overlooked.
Young people are increasingly aware of and engaged in political issues.
Democracy must adapt to the changing landscape of technology and society.
Chapters
00:00 Introduction and Guest Introduction
02:08 Exploring Democracy and Its Definition
06:07 Conflict Resolution and Power Transfer in Democracy
09:10 The Role of Tribalism in Democratic Processes
14:06 Understanding Power Dynamics in Society
19:39 The Impact of Technology on Power Structures
28:13 The Intersection of Technology and Monopoly Power
32:46 Competition Theory and Market Monopolies
38:19 The Role of Corporations in Democracy
42:35 The Unpredictability of Markets
49:57 Democracy's Adaptability and Future
57:36 Optimism Amidst Challenges
