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Capitalism and Democracy [part 4]

The distinguished historian Mark Mazower has recently pointed out that we are living in times marked by a widespread ‘propensity to crisis’, the ‘hollowing out of political institutions’ and the ‘casualisation of the labour force’. We could add: the gap between rich and poor is almost everywhere widening so rapidly that it feels as though democracies are sliding backwards, possibly returning to the squalid patterns of social…

Source: Capitalism and Democracy [part 4]

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