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

- By Sayuri Shirai
- 04 Aug 2023

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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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