Source: Liberal Currents
by Guillaume AW Attia
“Liberalism became the ruling ideology of the twentieth century when the Soviet Union collapsed under its own mismanagement. The enduring prosperity of liberal societies, especially when contrasted with the dysfunction on display in socialist countries at the end of the Cold War, was undoubtedly a vindication of the economic soundness of capitalism. That said, the mere removal of a rival was simply too fragile a victory to withstand the strain of time. With the mirage of economic prosperity out of the way, it became much easier for a larger share of the voting public to question the logic of markets, and to seek out populist politicians who were willing to disrupt the political status-quo. In the end, liberalism’s current troubles speak first and foremost to its inherent fragility.” (09/24/24)
https://www.liberalcurrents.com/liberalisms-persistent-troubles-james-e-cronins-fragile-victory/