There is a view that upsurge in inequality due to globalisation is leading to rising appeal of political platforms that promote inward-looking policies. In this podcast, Parikshit Ghosh (Member of the I4I Editorial Board & Associate Professor, Delhi School of Economics) speaks with Karl Ove Moene (Professor, Centre for the Study of Equality, Social Organization, and Performance, Department of Economics, University of Oslo) on the benefits of the Scandinavian model of social protection rather than protectionism, and the challenges associated with financing a welfare State.