Martin Wolf: in defence of democratic capitalism
The marriage of liberal economics and democracy has brought immense benefits to the world, but faces its toughest test in decades. What needs to be done? https://on.ft.com/3XHLZIr “Universal suffrage democracy is only a little over a century old. Capitalism is older. But, in its modern corporate form, it is not all that much older. The system democracy and capitalism combine to create is one of social co-operation through competition and consent. Competition is at the heart of both the economy and politics. But that competition occurs within the context of rules and values internalised by society and embedded in law. … Continue reading Martin Wolf: in defence of democratic capitalism
Bankwatch 