The Crisis of Democratic Capitalism by Martin Wolf Hardcover Book

Description: The Crisis of Democratic Capitalism by Martin Wolf A magnificent reckoning of how and why the marriage between democracy and capitalism is coming undone all over the world, and what can be done to save itWe 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 democracys 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. Wolfs 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. FORMAT Hardcover CONDITION Brand New Author Biography Martin Wolf is Chief Economics Commentator at the Financial Times. He was a member of the UKs Vickers Commission on Banking, which reported in 2011. He holds an honorary doctorate at the London School of Economics and is an honorary Fellow of Nuffield College, Oxford. He is a member of the International Media Council of the World Economic Forum. In 2000, he was awarded the CBE for services to financial journalism and in 2019 won the Lifetime Achievement Award at the Gerald Loeb Awards. His books include The Shifts and the Shocks, Fixing Global Finance and Why Globalization Works. Review Martin Wolf has been an incisive commentator on economics and politics for a long time. This book is an excellent and thought-provoking synthesis of his views on democratic capitalism and how to fix it. -- Ben Bernanke, former chair of the Federal ReserveMartin Wolf is one of the deepest thinkers of our times and his latest book is a must-read! He brilliantly analyzes the causes of current crisis of democratic capitalism and presents the reforms needed to successfully rejuvenate it. He rightly calls for a new alliance of reformed democratic capitalist states to protect global peace, inclusive prosperity and the planet against plutocratic populism and tyranny. Hopefully, his words will be carefully read and heeded. -- Nouriel Roubini, Professor, New York UniversityMartin Wolf is a great humanist and a sharp analytical mind. He unfurls here a bracing indictment of democratic capitalism and an inspiring defense of it. To defend the values of freedom and dignity, democracy and capitalism must both be reformed. A necessary book- and a guide -- for our times -- Daniel Ziblatt, Professsor, Harvard University and co-author of HOW DEMOCRACIES DIEMartin Wolf brings together many decades worth of thought and analysis into this superb synthesis. An important guide for anyone seeking answers to the most difficult questions of our time. -- Anne Applebaum, Atlantic staff writer and author of TWILIGHT OF DEMOCRACYMartin Wolf is our wisest, most acute, and most experienced commentator. He has long been an optimist, but no more. He believes that todays market economy is no longer compatible with a stable liberal democracy. As Plato long ago warned, insecurity and fear can be the gateways to tyranny. Wolfs recommendations are smart and sensible and perhaps not too late. A must read for both optimists and pessimists. -- Sir Angus Deaton, Nobel Prize in Economics 2015Martin Wolf has written the definitive account of what ails capitalism and democracy. This staggeringly erudite and beautifully written book is sure to become required reading for anybody who wants to understand how democratic capitalism slid into a deep crisis, why it is worth rescuing, and how to do so. -- Yascha Mounk, Professor, Johns Hopkins University and author of THE GREAT EXPERIMENTThe arrival of this book could not be timelier as the global economy darkens further. Who better than Martin Wolf, with his masterful knowledge of history and understanding of economics, to identify the twin threats of predatory capitalism and demagogic politics and to plot a narrow corridor to escape? It takes someone with a knowledge of the entire forest to isolate the rot at the base of the trees. -- Carmen M. Reinhart, Professor of Economics, Harvard UniversityPassionate, alarmed, wise: Martin Wolf has poured his soul into the book that may be recognized as his masterpiece. In it, he confronts the disturbing truths dismissed by his own complacent generation, and their consequences, with which the young will contend. -- Sir Paul Collier, author of THE FUTURE OF CAPITALISMThe Crisis of Democratic Capitalism will reach a wide and powerful audience. It will be read by world leaders and CEOs. If it convinces some of them to change tack, away from the plutocratic path that national and international economies are currently on, then we should all be grateful. -- William Davies * New Statesman *a cri de coeur ... This book, impressively researched, is ... a mine of information for anybody wanting to know about the forces driving the global economy in recent decades ... Democracy is the worst form of government - except for all the others, as Churchill once said. And the same is true of capitalism relative to other forms of economic organisation. Fixing both is the task. -- David Smith * Sunday Times *The books power lies in Wolfs central perception and the scale of the canvas he uses to illustrate it. The problems he describes - inequality, lack of social mobility, slowing productivity gains, the influence of money over politics, disaffection with democracy - are familiar, but by identifying them collectively as causes of the calamity he foresees, he gives new urgency to the need to address them. -- Emma Duncan * The Times *Martin Wolf is one of the worlds most influential economists ... His new book, The Crisis of Democratic Capitalism, is both his magnum opus and an explanation of his crisis of faith. ... Wolf argues that democracy and capitalism are complementary opposites: Opposites because capitalism depends on inequality of rewards while democracy depends on political equality, complementary because they both enshrine the principle of individual choice. But in recent decades this marriage of opposites has been falling apart, most importantly in the supposed standard-bearer of democratic capitalism, the United States. ... a penetrating analysis of Western societys ills -- Adrian Wooldridge * Bloomberg *The Crisis of Democratic Capitalism draws on the wisdom accumulated over his distinguished career... The case he makes is authoritative and compelling. * Economist *The Crisis of Democratic Capitalism will reach a wide and powerful audience. It will be read by world leaders and CEOs. If it convinces some of them to change tack, away from the plutocratic path that national and international economies are currently on, then we should all be grateful. -- William Davies * New Statesman *Martin Wolf shines a light on the doom loop of democratic capitalism ... in his fine new book -- Bill Emmott * Financial Times * Review Quote Martin Wolf has been an incisive commentator on economics and politics for a long time. This book is an excellent and thought-provoking synthesis of his views on democratic capitalism and how to fix it. Promotional "Headline" A magnificent reckoning of how and why the marriage between democracy and capitalism is coming undone all over the world, and what can be done to save it Details ISBN0241303419 Author Martin Wolf Publisher Penguin Books Ltd Year 2023 ISBN-10 0241303419 ISBN-13 9780241303412 Format Hardcover Publication Date 2023-02-02 UK Release Date 2023-02-02 Imprint Allen Lane Place of Publication London Country of Publication United Kingdom Pages 496 DEWEY 320.51 Audience General NZ Release Date 2023-04-03 AU Release Date 2023-04-03 Alternative 9781802062380 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:141664137;

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