The democracies born in the last century are facing a deep crisis. Rivalries among factions of transnational capital and between states are reshaping the relationship between economics and politics in chaotic and unpredictable ways. As U.S. hegemony wavers, and Europe seeks greater autonomy, nationalism and authoritarian tendencies are resurfacing. In this unsettled landscape, the Left struggles to find a common voice, while new social and cultural energies are trying to imagine a future in which freedom is no longer a privilege of the market. On these issues, Reset DOC spoke with Michele Salvati, emeritus professor of Political Economy at the University of Milan.