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The Crisis of Democratic Capitalism
- Narrated by: John Lee
- Length: 13 hrs and 16 mins
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Publisher's Summary
Brought to you by Penguin.
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 being strained and spurned, even in democracy's notional heartlands. Around the world, powerful voices argue that capitalism is better without democracy; others that democracy is better without capitalism. This audiobook is a forceful rejoinder to both views, offering a deep and lucid assessment of why the marriage between capitalism and democracy has grown so strained and making clear why a divorce would be an almost unthinkable calamity.
Wolf argues that for all its recent failings—slowing growth and productivity, increasing inequality, widespread popular disillusion—democratic capitalism remains the best system and that citizenship is not just a slogan or a romantic idea; it's the only concept that can save us. This wise and rigorous exploration of the dynamic between democracy and capitalism shows us that our ideals and our interests not only should align—they must do so, for everyone's sake.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
Critic Reviews
"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 Reserve)
"Martin 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 University)
"Martin 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 Die)
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- Love it
- 14-09-2023
Very thought provoking.
Martins analyses the role of the state, citizens the biopolar political systems predominantly the western/ European democratic models vs autocracies like china and Russia and explores about the rights of citizens the economic models that underpin whether societies thrive and or fail and the fragility of democracy if it is not fostered and cared for by elites and citizens. He touches on moral and ethical and also thorny subjects such as the rights of immigrants but in a humane logical way and the weakness by elites in establishing the breakdown that leads to strong men con artists dictators. It’s a warning shot to elites to not forget who they represent and also of citizens to accept the legitimacy of elections and participate to extend the advancement of human flourishing. It gets technical at times but remains an easy read that keeps you listening the whole way through. Excelling book if you want to better understand the role of capitals and the democracy vs autocracy debate. Highly recommend.
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- Cora Luo
- 12-01-2024
Heavy smearing of anything and everything East / communism
The authour posses a traditional loathing and bias towards anything and everything East / communism, even the former ones.
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