Crisis of liberal capitalism

The crisis of liberal capitalism is threatening to become the crisis of liberal democracy. The level of social disquiet sweeping advanced economies is not surprising. Slow growth, high unemployment, uncertain financial future, prospects of protracted structural adjustment and the loss of a clear narrative about how to emerge from this crisis would galvanise any citizenry into protest. The form and shape of these protests are, as yet, inchoate. But it is their very lack of cohesion that portends a deeper crisis.

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