Democracy at the Brink: Can Socialism Save What Capitalism Broke?

By Youngerson Matete Francis Fukuyama, in his 1989 essays, the End of History and Last Man asserted that democracy was humanity's end point in the modern world. This is being contested as democracy is now under siege. Globally, the liberal democratic order faces an assault not merely from overt authoritarian and totalitarian regimes, populist strongmen, or military juntas but from an economic system that has historically claimed to be its partner. The idea that capitalism and democracy could coexist in mutual benefit is now faltering. In its current neoliberal and financialized form capitalism is increasingly becoming incompatible with genuine democratic governance. As global inequality widens, institutions are captured by both economic and political elites. Political participation has been commodified, democracy faces a structural challenge far deeper than at any time in the past century. In the past, democracy has weathered several storms. The interwar years of the 20th c...