Source: Persuasion
by Ruy Teixeira
“The 20th century encompassed the era of social democracy followed by an attempt to resurrect the left through the Third Way after that era’s ignominious end. In the 21st century, the left embarked on a new project they hoped would remedy 20th century weaknesses and inaugurate a new era of political and governance success. We are now a quarter of the way through the 21st century, which has witnessed both a genuine ‘crisis of capitalism’ (the Great Recession of 2007-09) and the systemic breakdown of the COVID era (2020-22). Enough time has gone by to render a judgement: despite ample opportunity to advance their cause, the left’s 21st century project has failed and failed badly.” (11/24/25)