The crisis of democratic capitalism Cover Image

Book

The crisis of democratic capitalism / Martin Wolf.

Wolf, Martin, 1946- (author.).

Summary:

"From the chief economics commentator of the Financial Times, a magnificent reckoning with how and why the marriage between democracy and capitalism is coming undone all over the world, and what can be done to reverse this terrifying dynamic. For all its flaws, Wolf argues, it remains the best system for human flourishing the world has seen, but something has gone seriously awry: the growth of prosperity has slowed, and the division of the fruits between the hyper-successful few and the rest has become more unequal. The oligarchs have retreated to their bastions, where they take a dim view of government and its ability to invest in the public goods needed to foster opportunity and sustainability. But the waters will rise to overwhelm them too in the end."--Provided by publisher.

Record details

ISBN: 9780735224216
ISBN: 0735224218
Physical Description: xxi, 474 pages : graphs ; 25 cm
Publisher: New York : Penguin Press, 2023.

Content descriptions

Bibliography, etc. Note:

Includes bibliographical references (pages 387-456) and index.

Formatted Contents Note:

Preface: Why I wrote this book -- The fire this time -- Part I On capitalism and democracy. Symbiotic twins: politics and economics -- The evolution of democratic capitalism -- Part II What went wrong. It's the economy, stupid -- Rise of the rentier capitalism -- Perils of populism -- Part III Renewing democratic capitalism. Renewing capitalism -- Toward a "new" New Deal -- Renewing democracy -- Part IV A hinge of history. Democratic capitalism in the world -- Conclusion: Restoring citizenship.