Late-stage liberalism
The Gray Area with Sean Illing
- The economic model adopted by Western liberal societies after the Cold War has left large segments of society behind.
- Working-class communities and even parts of the middle class haven't seen significant improvement in their living standards.
- This contrasts with the post-WWII social democracy model where the state intervened to mitigate the harshness of market capitalism.
- The abandonment of this model after the Cold War has led to deep-seated contradictions and challenges for liberal societies.
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