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The whole world appears broken. Instead of spreading democracy, the failure of Communism, the Iraq wars and the Arab Spring fostered unrest throughout the former Soviet empire and the Middle East. The neo-liberal economic policies promulgated by Ronald Reagan, Margaret Thatcher and their successors created a glut of wealth at the top of the economic pyramid, but little of the promised trickle-down ever materialized. Income inequality and the concomitant evisceration of the middle class were furthered by globalization, outsourcing, deindustrialization and automation. While these developments occurred piecemeal over a long period of time, we are today confronting systemic socioeconomic upheaval on a scale not seen since the demise of the agrarian economy in the late nineteenth and early twentieth centuries. The xenophobic demagoguery that permeates the political atmosphere, both at home and abroad, is reminiscent of the 1930s.
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The whole world appears broken. Instead of spreading democracy, the failure of Communism, the Iraq wars and the Arab Spring fostered unrest throughout the former Soviet empire and the Middle East. The neo-liberal economic policies promulgated by Ronald Reagan, Margaret Thatcher and their successors created a glut of wealth at the top of the economic pyramid, but little of the promised trickle-down ever materialized. Income inequality and the concomitant evisceration of the middle class were furthered by globalization, outsourcing, deindustrialization and automation. While these developments occurred piecemeal over a long period of time, we are today confronting systemic socioeconomic upheaval on a scale not seen since the demise of the agrarian economy in the late nineteenth and early twentieth centuries. The xenophobic demagoguery that permeates the political atmosphere, both at home and abroad, is reminiscent of the 1930s.
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