While finance can be the tail that wags the dog, I think Wolf's ("The Crisis of Democratic Capitalism") more encompassing argument about how capitalism has developed, particularly since the 1980s, is more persuasive in regards to its impact on politics and society.
IOW, while finance is a problem, it is similar to the problem of capitalis…
While finance can be the tail that wags the dog, I think Wolf's ("The Crisis of Democratic Capitalism") more encompassing argument about how capitalism has developed, particularly since the 1980s, is more persuasive in regards to its impact on politics and society.
IOW, while finance is a problem, it is similar to the problem of capitalism in general as large corporations become ever more powerful and unconstrained.
While finance can be the tail that wags the dog, I think Wolf's ("The Crisis of Democratic Capitalism") more encompassing argument about how capitalism has developed, particularly since the 1980s, is more persuasive in regards to its impact on politics and society.
IOW, while finance is a problem, it is similar to the problem of capitalism in general as large corporations become ever more powerful and unconstrained.