Jun 25, 2019Daron Acemoglu & James A. Robinson
draw lessons from the opposition's victory over Turkish President Recep Tayyip Erdoğan’s authoritarian party.
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While Boris Johnson, the likely successor to British Prime Minister Theresa May, takes his country down a path of diminished trade, the European Union is negotiating one of the largest free-trade agreements in the world. One really has to wonder what the "buccaneering" Brexiteers have to complain about.
“Be wary then; best safety lies in fear,” said Laertes to Ophelia as she embarked on her doomed dalliance with Hamlet. That is sound advice for banks and their regulators, too, as they face the prospect of technological disruption.
For months, the world looked on as Turkish President Recep Tayyip Erdoğan attempted to reverse the outcome of the city's municipal election. But now that Erdoğan's party has been defeated once again (and massively so this time around), his fundamental weakness has been exposed – as has that of populist authoritarians everywhere.
