From the chief economics commentator of the Financial Times, a magnificent reckoning with how and why the marriage between democracy and capitalism is coming undone all over the world, and what can be done to reverse this terrifying dynamic. The author has long been one of the wisest voices on economic issues on the world stage. He has never been known as a sunny-side-up optimist, yet he has never been as worried in his adult life as he is in the early 2020s.