“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