{"product_id":"the-crisis-of-democratic-capitalism-9780735224216","title":"The Crisis of Democratic Capitalism","description":"\u003cb\u003eFrom the chief economics commentator of the \u003ci\u003eFinancial Times\u003c\/i\u003e, a magnificent reckoning with how and why the marriage between democracy and capitalism is coming undone, and what can be done to reverse this terrifying dynamic\u003c\/b\u003e \u003cp\u003e\u003c\/p\u003eMartin Wolf has long been one of the wisest voices on global economic issues. He has rarely been called an optimist, yet he has never been as worried 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 threatened, even in democracy's heartlands, the United States and England.\u003cbr\u003e Around the world, powerful voices argue that capitalism is better without democracy; others 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 of capitalism from democracy would be a calamity for the world. They need each other even if they find it hard to life together.\u003cbr\u003e For all its flaws, argues Wolf, democratic capitalism remains far and away the best system for human flourishing. But something has gone seriously awry: the growth of prosperity has slowed, and the division of its fruits between the hypersuccessful few and the rest has become more unequal. The plutocrats have retreated to their bastions, where they pour scorn on government's ability to invest in the public goods needed to foster opportunity and sustainability. But the incoming flood of autocracy will rise to overwhelm them, too, in the end.\u003cbr\u003e Citizenship is not just a slogan or a romantic idea; it's the only idea that can save us, Wolf argues. Nothing has ever harmonized political and economic freedom better than a shared faith in the common good.\u003cbr\u003e This wise and rigorously fact-based exploration of the epic story of the dynamic between democracy and capitalism concludes with the lesson that our ideals and our interests not only should align, but must do so, for everyone's sake. Democracy itself is now at stake.\u003cbr\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAbout the Author\u003c\/b\u003e\u003cbr\u003e\u003cb\u003eMartin Wolf\u003c\/b\u003e is associate editor and chief economics commentator at the \u003ci\u003eFinancial Times\u003c\/i\u003e, London. He was awarded the CBE (Commander of the British Empire) in 2000 for services to financial journalism. Wolf won the Overseas Press Club of America's prize for Best Commentary in 2013 and the 2019 Lifetime Achievement Award at the Gerald Loeb Awards. He was a member of the UK's Independent Commission on Banking in 2010-11. Wolf is the author of \u003ci\u003eThe Shifts and the Shocks\u003c\/i\u003e \u003ci\u003eWhat We've Learned--and Have Still to Learn--from the Financial Crisis\u003c\/i\u003e.\u003cbr\u003e","brand":"Penguin Press","offers":[{"title":"Default Title","offer_id":50606233878802,"sku":"9780735224216","price":21.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0831\/4771\/8930\/files\/img_288ce6ce-1acd-48ad-92b7-e3a7ea24bd5f.jpg?v=1732290822","url":"https:\/\/surprise-castle.myshopify.com\/products\/the-crisis-of-democratic-capitalism-9780735224216","provider":"Surprise Castle","version":"1.0","type":"link"}