The Crisis of Democratic Capitalism

Introducing 'The Crisis of Democratic Capitalism', a thought-provoking masterpiece by the renowned author, Martin Wolf. Published in 2023 by Penguin Books Ltd, this book delves into the intricacies of today's economic and political landscape. Wolf, a prominent figure in the world of economics, presents a compelling analysis of the challenges facing democratic capitalism in the modern era. The book is a must-read for those interested in understanding the complexities of our contemporary world. Despite being deeply analytical, Wolf's writing is accessible and engaging, making it a valuable read for both experts and novices in the field. 'The Crisis of Democratic Capitalism' is more than just a book; it's a journey into the heart of our economic system. Published by Penguin Books Ltd, it's a testament to their commitment to bringing insightful and impactful literature to readers around the world. The book is available in English.

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.