Martin Wolf on saving democratic capitalism: the ‘democratic recession’
FT News Briefing
Shifts in American Democracy
This chapter explores the Republican Party's support for Donald Trump and the rising 'war on woke', illuminating its effects on American democracy and electoral dynamics. The discussion reveals the growing cultural and educational divide, highlighting the detachment between the political elite and the working class, which has fueled support for polarizing leaders. As the chapter assesses the impending 2024 election, it grapples with the potential consequences for democratic institutions amidst increasing authoritarianism.
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