But how?
David Runciman: Capitalist Democracy, 30 March 2023
The Crisis of Democratic Capitalism
by Martin Wolf.
Allen Lane, 496 pp., £30, February,978 0 241 30341 2 Show More
by Martin Wolf.
Allen Lane, 496 pp., £30, February,
“... Martin Wolf believes that capitalism and democracy are like an old married couple. Neither partner can cope alone. Without democratic checks and balances, capitalism grows greedy and corrupt: the people with money reward themselves with power, which they use to make more money. It takes politicians with a popular mandate to stop them. However, without capitalist get-up-and-go and economic independence, democracy too grows greedy and corrupt: the people with power reward themselves with money, which they use to cement their power ... ”