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What’s Breaking Democracy?

The internationalization of economic and financial relationships has undermined the authority of the nation-state and created the conditions for today’s confluence of global crises. Worse, the unraveling of neoliberalism has led not to a progressive revival, but to something more politically contingent and uncertain.

CAMBRIDGE – My colleagues Gary Gerstle and Helen Thompson share an academic home at the University of Cambridge, and their new books share a common purpose: how to understand the dysfunctionality that has beset Western democracies. They explore that question in very different but complementary ways, offering deep insights into the disequilibrium dynamics of democratic capitalism. When read together, one sees clearly how the dissolution of Gerstle’s Neoliberal Order has stoked the disorder that Thompson analyzes.