Is the Marriage Between Democracy and Capitalism on the Rocks? - The New York Times - 0 views
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Wolf, the chief economics commentator for The Financial Times, worries that after an efflorescence of democratic capitalism, “that delicate flower” is beginning to wither. Most of his ire is directed at an unhinged financial system that has encouraged a “rentier capitalism” and a “rigged” economy.”
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“Capitalism cannot survive in the long run without a democratic polity, and democracy cannot survive in the long run without a market economy,” he writes. Capitalism supplies democracy with resources, while democracy supplies capitalism with legitimacy
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Not so, insists Martin Wolf in his new book, “The Crisis of Democratic Capitalism.
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