The crisis of democratic capitalism | Martin Wolf | Political science | Books to read
Democracy under strain.
Wolf argues that democratic capitalism is in a systemic crisis, not because markets or democracy are inherently flawed, but because the balance between them has broken down.
Wolf is especially concerned with authoritarian populism, which he sees as a symptom rather than the root problem. When democratic capitalism fails to deliver security and fairness, voters turn to leaders who promise protection—even at the cost of liberal norms. Economic disfunction feeds cultural and political fracture (polarisation).