What Happened to Liberal Democracy?

Nobel laureate Daron Acemoglu examines how liberal democracy flourished through shared prosperity, democratic governance, and free pursuit of knowledge, but faltered amid economic disruptions, digital technologies, and postindustrial inequality.

He documents liberalism's successes and crises over the last four decades, critiquing its failure to adapt, and proposes a renewed working-class liberalism that prioritizes community, shared prosperity, and diverse values.