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by alephnerd
142 days ago
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The article's argument follows your track of logic but is much more pessimistic: "Is liberal democracy, then, in terminal decline? The rise of Carney himself offers a glimmer of hope, fuelled as it was by a reaction against Trump. But electoral trends in Europe do not suggest a repeat. A broad-based recovery of the liberal order will probably depend on a turnaround in the underlying trends, and here the signs are less promising. Attempts to soften the impact of worsening demographics are routinely rejected by voters and parties on both left and right. And the most promising source of renewed economic dynamism — AI — is likely to worsen inequality and increase societal instability, further undermining faith in democracy and hastening the slide into a zero-sum world. Events of the past year have shocked the democratic world out of its daze, but it is these more powerful and slow-moving forces that should be the lasting cause for concern. Trump may fade from view in a few years, but any expectation that the liberal order will snap back flies in the face of the evidence. The old system was one that worked under a particular set of conditions. Those conditions are no longer present." |
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