Martin Wolf is associate editor and chief economics commentator at the Financial Times, London. He was awarded the CBE (Commander of the British Empire) in 2000 for services to financial journalism. Wolf won the Overseas Press Club of America’s prize for Best Commentary in 2013 and the 2019 Lifetime Achievement Award at the Gerald Loeb Awards. He was a member of the UK’s Independent Commission on Banking in 2010–11. Wolf is the author of The Shifts and the Shocks: What We’ve Learned—and Have Still to Learn—from the Financial Crisis.
“[A] highly informed and intelligent critique of the global
economy.” —Louis Menand, The New Yorker
“Martin Wolf—the accomplished, levelheaded chief economics
commentator at the Financial Times, and first-name-basis-friendly
affiliate of the world’s leading finance ministers and central
bankers—is not kidding around. His new book . . . is steeped in an
uncommonly clear-eyed awareness about the fragility of civilization
. . . The Crisis of Democratic Capitalism is an essential read for
its articulation of the perilous crossroads at which the future of
enlightened liberal civilization now stands . . . A tour de force.”
—Los Angeles Review of Books
“Among business and financial journalists, there has never been a
doubt that Martin Wolf is at the top of our heap. Over a career
that now spans 35 years, there is nobody better read, better
sourced or more insightful than the longtime economic commentator
for the Financial Times. Wolf is the first person you turn to
during a financial crisis, a thoughtful and generous colleague and
the gold standard against which the rest of us are judged . . .
Unlike many progressives, Wolf’s battle cry is not to tear down
institutions and topple those who run them. Rather, it is to demand
that his fellow elitists make good on the responsibility that goes
with their privilege.” –The Washington Post
“Martin Wolf has been an incisive commentator on economics and
politics for a long time. This book is an excellent and
thought-provoking synthesis of his views on democratic capitalism
and how to fix it.” —Ben Bernanke, former chair of the Federal
Reserve
“Martin Wolf brings together many decades’ worth of thought and
analysis into this superb synthesis. An important guide for anyone
seeking answers to the most difficult questions of our time.” —Anne
Applebaum, The Atlantic staff writer and author of Twilight of
Democracy
“Martin Wolf is our wisest, most acute, and most experienced
commentator. He has long been an optimist, but no more. He believes
that today’s market economy is no longer compatible with a stable
liberal democracy. As Plato long ago warned, insecurity and fear
can be the gateways to tyranny. Wolf’s recommendations are smart
and sensible and perhaps not too late. A must read for both
optimists and pessimists.” —Sir Angus Deaton, winner of the 2015
Nobel Prize in Economic Sciences
“Martin Wolf is one of the deepest thinkers of our times and his
latest book is a must read! He brilliantly analyzes the causes of
the current crisis of democratic capitalism and presents the
reforms needed to successfully rejuvenate it. He rightly calls for
a new alliance of reformed democratic capitalist states to protect
global peace, inclusive prosperity, and the planet against
plutocratic populism and tyranny. Hopefully, his words will be
carefully read and heeded.” —Nouriel Roubini, professor, New York
University
“Martin Wolf is a great humanist and a sharp analytical mind. He
unfurls here a bracing indictment of democratic capitalism and an
inspiring defense of it. To defend the values of freedom and
dignity, democracy and capitalism must both be reformed. A
necessary book—and a guide—for our times.” —Daniel Ziblatt,
professor, Harvard University, and coauthor of How Democracies
Die
“The arrival of this book could not be timelier as the global
economy darkens further. Who better than Martin Wolf, with his
masterful knowledge of history and understanding of economics, to
identify the twin threats of predatory capitalism and demagogic
politics and to plot a narrow corridor to escape? It takes someone
with a knowledge of the entire forest to isolate the rot at the
base of the trees.” —Carmen M. Reinhart, professor of economics,
Harvard University
“Martin Wolf has written the definitive account of what ails
capitalism and democracy. This staggeringly erudite and beautifully
written book is sure to become required reading for anybody who
wants to understand how democratic capitalism slid into a deep
crisis, why it is worth rescuing, and how to do so.” —Yascha Mounk,
professor, Johns Hopkins University, and author of The Great
Experiment: Why Diverse Democracies Fall Apart and How They Can
Endure
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