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020 _a9780735224216
_q(hardcover)
020 _z9780735224223
_q(ebook)
040 _aDLC
_beng
_erda
_cDLC
_dDLC
042 _apcc
050 0 0 _aJC423
_b.W564 2023
082 _aB253 W831
100 1 _aWolf, Martin,
_d1946-
_eauthor.
_940308
245 1 4 _aThe crisis of democratic capitalism /
_cMartin Wolf.
260 _aDublin
_bPenguin
_c2023
300 _a474 p.:
_billustrations ;
_c25 cm
504 _aIncludes bibliographical references (pages 427-456) and index.
520 _a"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. TARGET CONSUMER: Readers of Thomas Friedman, Paul Krugman, and Tim Snyder Martin Wolf has long been one of the wisest voices on economic issues on the world stage. He has never been known as a sunny-side-up optimist, yet he has never been as worried in his adult life as he is today. Liberal democracy is in recession, and authoritarianism is on the rise. The ties that ought to bind open markets to free and fair elections are being strained, even spurned, even in democracy's notional heartlands, like America and England. Around the world, powerful voices argue that capitalism is better without democracy. Other voices argue that democracy is better without capitalism. This book is a forceful rejoinder to both views. Even as it offers a deep, lucid assessment of why this marriage has grown so strained, it makes clear why a divorce between capitalism and democracy would be an almost unthinkable calamity for the entire world. Democratic capitalism has many enemies and few true friends. 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. Citizenship is not just a slogan or a romantic idea; it's the only force that can save us, Wolf argues. Nothing has ever harmonized political freedom and economic freedom better than a shared faith in the common good, and nothing ever will. This wise and rigorously fact-based exploration of the whole epic human story of the dynamic between democracy and capitalism lands on the lesson that our ideals and our interests not only should align- they must. For everyone's sake"--
650 0 _aDemocracy
_xEconomic aspects.
_940309
650 0 _aCapitalism
_xPolitical aspects.
_940310
776 0 8 _iOnline version:
_aWolf, Martin, 1946-
_tCrisis of democratic capitalism
_dNew York : Penguin Press, [2023]
_z9780735224223
_w(DLC) 2022035910
906 _a7
_bcbc
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_d1
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_gy-gencatlg