What Happened to Liberal Democracy?

In this compelling exploration, Nobel laureate Daron Acemoglu examines the rise and challenges of liberal democracy over the past century, analyzing its accomplishments and the crises it faces today. He discusses how liberalism, once committed to shared prosperity and democratic governance, has struggled to adapt to economic and technological disruptions, leading to increased inequality and social division. Drawing on an interdisciplinary approach, Acemoglu offers insights into the failures and successes of this political system and proposes a new vision called working-class liberalism, aimed at fostering shared prosperity and community empowerment.