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Ash Center
The Allen Lab for Democracy Renovation invites you to an online book talk with author Malcolm S. Salter, James J. Hill Professor of Business Administration, Emeritus, at the Harvard Business School and discussant Rebecca Henderson, John and Natty McArthur University Professor, on Salter's latest work, The Fading Light of Democratic Capitalism: How Pervasive Cronyism and Restricted Suffrage are Destroying Democratic Capitalism as a National Ideal...And What To Do About It. Danielle Allen, James Bryant Conant University Professor and Director of the Allen Lab, will moderate.
About the Book
In The Fading Light of Democratic Capitalism, Malcolm S. Salter examines the decline of public trust in democratic capitalism, a system many see as integral to the nation’s identity. He explores how corruption, cronyism, and restricted political participation have weakened both democracy and capitalism, fueling public disillusionment. Drawing on the principles of political equality, power sharing, and reciprocity, Salter proposes practical reforms to make economic and political markets more democratic. He considers how corporations can better support democracy and highlights successful American models of equitable power sharing. Salter concludes with insights on the moral culture needed to sustain democratic capitalism.