Trumponomics Fareed Zakaria Explains Why Today Is Just Like the 1920s
Aug 6, 2024
Fareed Zakaria, a prominent cable news host and author, shares his insights alongside journalist Adrian Wooldridge. They discuss how today's political climate mirrors the tumultuous 1920s, especially with potential changes in U.S. foreign policy under Trump. Zakaria warns of a global backlash against globalization and the rise of protectionism, which he argues is transforming the Republican Party into a more insular and trade-skeptic entity. Their conversation highlights the changing dynamics of world power and the challenges faced by liberal democracies.
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The Rise and Fall of Liberal Orders
- Fareed Zakaria's book, "Age of Revolutions," examines the rise and potential fall of the liberal order.
- He argues that periods of technological and economic change lead to identity and political revolutions, followed by backlashes.
Evolutionary vs. Revolutionary Change
- The Dutch, British, and Americans successfully navigated societal transformations through evolutionary change.
- The French Revolution's top-down approach, in contrast, led to instability and ultimately failed.
The Dark Side of Liberalism
- Liberalism, while promoting individual liberty and rights, coincided with colonialism and exploitation.
- This historical fact, though not inherent to liberalism, is part of its complex legacy.