Description
“Capitalism is better without democracy. Democracy is better without capitalism.” These two opposing views are increasingly being voiced from different sides. The widely respected economic commentator Martin Wolf has decided to strongly oppose both of these voices in his latest book. The Crisis of Democratic Capitalism offers an informed and clear assessment of the reasons why the bond between democracy and capitalism is stretching to the breaking point today, and it clearly shows why the separation of one from the other would mean disaster for the world. Despite all its shortcomings – Wolf argues – democratic capitalism remains by far the best way of organizing society. However, something is indeed wrong; the growth of prosperity has slowed, and the unequal distribution of the fruits of success between an overly successful handful and the 'rest' has become strikingly acute. Plutocrats have retreated into their strongholds, where they mock the ability of governments to invest in public goods necessary to support opportunities and sustainability. However, the rising wave of autocracy will ultimately rise up and overcome them as well. Citizenship is not just a slogan or a romantic idea; on the contrary: only the idea of citizenship, in Wolf's opinion, can save us. Nothing can create harmony between the political and...
Information
Author: Wolf Martin
Publication date: October 10, 2024
Manufacturer: Dr. Aleš Lederer
Genres: Economics, Books, Specialized and technical literature, Social sciences
Type: Books - paperback
Pages: 504
ISBN/EAN: 9788072606085

