Martin Wolf on the Crisis of Democratic Capitalism
The Good Fight
The Relationship Between Capitalism and Democracy
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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