Skip to main content

Cookies and Privacy

We use cookies to improve your experience on our website. To find out more, read our updated Cookie policy, Privacy policy and Terms & Conditions

Greece anti-austerity protest Andreas Solaro/Getty Images

When Things Fall Apart

Democratic capitalism is an evolving system that responds to crises by radically transforming both economic relations and political institutions. The time for a new phase has come, regardless of whether "responsible" politicians are prepared to admit it.

LONDON – All over the world today, there is a sense of the end of an era, a deep foreboding about the disintegration of previously stable societies. In the immortal lines of W.B. Yeats’s great poem, “The Second Coming”:

“Things fall apart; the center cannot hold
Mere anarchy is loosed upon the world…
The best lack all conviction, while the worst
Are full of passionate intensity…
And what rough beast, its hour come round at last
Slouches towards Bethlehem to be born?”

Yeats’ wrote those lines in January 1919, two months after World War I ended. He instinctively felt that peace would soon give way to even greater horrors.

We hope you're enjoying Project Syndicate.

To continue reading, subscribe now.

Subscribe

Get unlimited access to PS premium content, including in-depth commentaries, book reviews, exclusive interviews, On Point, the Big Picture, the PS Archive, and our annual year-ahead magazine.

https://prosyn.org/5plZzgb;
  1. slaughter74_Feodora ChioseaGetty Images_genderinequalitybusinessscale Feodora Chiosea/Getty Images

    The War on Talent

    Anne-Marie Slaughter & Monica Chellam

    A growing body of research suggests that CEOs share more relevant traits with Chief Human Resources Officers than with those of any other C-Suite position. But while CHROs may have a seat at the table, that seat’s occupant – more often than not a woman – is still least likely to become CEO.

    0