Book notes: The crisis of democratic capitalism, by Martin Wolf

A sincere attempt to explain and fix the failing of capitalism in liberal democracies

The Crisis of Democratic Capitalism by Martin Wolf

Martin Wolf, The crisis of democratic capitalism, Allen Lane, February 2023, 496 pages

Martin Wolf’s book expresses deep concerns about the erosion of two fundamental values – liberal democracy and free market capitalism – that have long been cherished by advanced ‘Western’ economies. Wolf warns these values are being undermined rapidly by the rise of both left- and right-wing populism within societies, reflecting a growing scepticism towards the rule of law and institutions that underpin these

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