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Martin Wolf on the Crisis of Democratic Capitalism
The Good Fight
The Relationship Between Capitalism and Democracy
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Before 1800, there were essentially no democracies anywhere. Why is it that you need capitalism in order to have democracy? Well, it would be a very strange accident if it were an accident. Both rest on a similar ideological foundation,. The idea in capitalism that you're as good as you are. And wealth will always try to get back into power from the state.
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