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Summary from publisher's website:
"From the author of The Shifts and the Shocks, and one of the most influential writers on economics, a reckoning with how and why the relationship between democracy and capitalism is coming undone
We are living in an age when economic failings have shaken faith in global capitalism. Political failings have undermined trust in liberal democracy and in the very notion of truth. The ties that ought to bind open markets to free and fair elections are being strained and rejected, even in democracy's notional heartlands. Around the world, democratic capitalism, which depends on the determined separation of power from wealth, is in crisis. Some now argue that capitalism is better without democracy; others that democracy is better without capitalism.
This book is a forceful rejoinder to both views. It analyses how the marriage between capitalism and democracy has become so fraught and yet insists that a divorce would be an almost unimaginable calamity. Martin Wolf, one of the wisest public voices on global affairs, argues that for all its recent failings - slowing growth, increasing inequality, widespread popular disillusion - democratic capitalism, though inherently fragile, remains the best system we know for human flourishing. Capitalism and democracy are complementary opposites: they need each other if either is to thrive. Wolf's superb exploration of their marriage shows us how citizenship and a shared faith in the common good are not romantic slogans but the essential foundation of our economic and political freedom."
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The Crisis of Democratic Capitalism
2024, Penguin Books, Limited
Paperback
in English
0141985836 9780141985831
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The Crisis of Democratic Capitalism
2023, Penguin Books, Limited
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0241303427 9780241303429
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Crisis of Democratic Capitalism
2023, Penguin Publishing Group
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0735224218 9780735224216
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Book Details
First Sentence
"When Francis Fukuyama wrote his essay "The End of History?," published as the Cold War ended, in 1989, many agreed with him that the Western synthesis of liberal democracy with the free market had won a decisive victory over its ideological enemies"
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