The twenty-fifth semi-annual Munk Debate, held on December 4, 2019, pits editorial director and publisher of the Nation Katrina vanden Heuvel and former finance minister of Greece Yanis Varoufakis against Harvard professor Arthur Brooks and New York Times columnist David Brooks to debate whether the capitalist system is broken. "We need to organise politically to defend the weak, empower the many, and prepare the ground for reversing the absurdities of capitalism." -- Yanis Varoufakis In Western societies, the capitalist system is facing a level of distrust not seen in decades. Economic inequality is rampant. Life expectancy is falling. The environment is being destroyed for profit. Political power is wielded by wealthy elites and big business. For capitalism's critics, it is clear that the system is not designed to help average people. Their solution is a top-to-bottom reform of the "free market" along more socialist and democratic lines. For proponents of capitalism, however, this system has been the greatest engine of economic and social progress in history. Not only has capitalism made all of us materially better off, its ideals are responsible for everything from women's rights to a cleaner environment to political freedoms. The answer to society's current ills is more capitalism, more economic freedom, and more free markets. The twenty-fifth semi-annual Munk Debate, held on December 4, 2019, pits editorial director and publisher of the Nation Katrina vanden Heuvel and former finance minister of Greece Yanis Varoufakis against Harvard professor Arthur Brooks and New York Times columnist David Brooks to debate whether the capitalist system is broken.

The twenty-third semi-annual Munk Debate, held on November 2, 2018, pits Stephen Bannon, the CEO of the Donald Trump presidential campaign, against columnist and author David Frum to debate the future of liberalism against the rising tide of populism. Throughout the Western world, politics is undergoing a sea-change. Long-held notions of the role of government, trade and economic policy, foreign policy, and immigration are being challenged by populist thinkers and movements. Does this surging populist agenda in Western nations signal a permanent shift in our politics? Or is it a passing phenomenon that will remain at the fringes of society and political power? Will our politics continue to be shaped by the post-war consensus on trade, inclusive national identity, and globalization, or by the agenda of insurgent populist politics, parties, and leaders? The twenty-third semi-annual Munk Debate pits former Donald Trump advisor Stephen K. Bannon against columnist and public intellectual David Frum to debate the future of the liberal political order.