Poor standard of living makes democracy difficult to maintain: Martin Wolf at BS Manthan

Poor standard of living makes democracy difficult to maintain: Martin Wolf at BS Manthan

Martin Wolf, chief economics commentator at the Financial Times, London spoke in great depth regarding the factors that can influence the rise and decline of democracy in countries. During the Business Standard Manthan event, Wolf engaged in a conversation with Shailesh Dobhal, editor of Business Standard, shedding light on his book titled "The Crisis of Democratic Capitalism," released in February 2023. Addressing the audience, Wolf stated, "if people cannot gain a sufficient standard of living, a peaceful and democratic order becomes difficult to maintain."