The Crisis of Democratic Capitalism
summary
argues that democratic capitalism is in crisis because productivity growth slowed and high and rising inequality have produced millions of angry, disillusioned voters; cites the Great Depression and Hitler’s rapid rebound after prison and the 2008 financial rescue of elites as specific precedents; points to the digital economy and finance jointly destabilizing information and widening rentier returns; notes Freedom House rates US democracy unusually low and cites Trump and Bolsonaro refusing peaceful handovers; calls for cooling political rage and rebuilding a public‑spirited elite to preserve liberal democracy.
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chapters (8)
- 0:00Introduction
- 1:33The Crisis of Democratic Capitalism
- 3:35Liberal Democracy and Market Capitalism
- 5:34Democracy is Necessary for Capitalism
- 7:34The Great Depression
- 9:34The New Economy
- 11:34Political Reform
- 13:35Conclusion
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