Roadblocks to reform
May 02, 2021
3 minutes
by DANYL McLAUCHLAN
Political scientists call it “the democratic recession”. Over the past two decades, citizens of advanced democracies have begun to lose faith in their political systems. Inequality has soared. Trust in democracy has declined. Governments have fallen. Donald Trump happened. Brexit happened. Jeremy Corbyn nearly happened. What’s gone wrong?
Baroness Minouche Shafik is an Egyptian-born US-UK dual citizen. Trained as a macroeconomist, she was, at 36, the youngest vice president of the World Bank, then deputy managing director is her first book, and it argues that the problem facing democracies in the 21st century is that their social contracts have failed them.
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