The Future of History

Something strange is going on in the world today. The planetary financial crisis that began in 2008 and the ongoing crisis of the euro are both products of the simulation of lightly regulated financial capitalism that emerged over the by three decades. Yet despite widespread anger at paries Street bailouts, there has been no great hatful of left-wing American populism in response. It is conceiv fitting that the Occupy Wall Street movement will gain traction, provided the to the highest degree dynamic recent populist movement to date has been the right Tea Party, whose main target is the regulatory state that seeks to entertain ordinary people from financial speculators. Something similar is true in Europe as well, where the left is anemic and right-wing populist offendies are on the move.

There are several reasons for this wish of left-wing mobilization, but chief among them is a failure in the realm of ideas. For the past generation, the ideological high ground on stinting issues has been held by a libertarian right. The left has not been able to make a plausible case for an agenda another(prenominal) than a return to an unaffordable dramatis personae of old-fashioned social democracy. This absence seizure of a plausible progressive counter­narrative is unhealthy, because emulation is good for intellectual ­debate just as it is for economic activity.



And serious intellectual debate is urgently needed, since the current form of globalized capitalism is eroding the middle-class social base on which liberal democracy rests.

THE DEMOCRATIC WAVE

Social forces and conditions do not simply determine ideologies, as Karl Marx once maintained, but ideas do not become powerful unless they speak to the concerns of mountainous numbers of ordinary people. Liberal democracy is the default political orientation around much of the world today in part because it responds to and is facilitated by certain socioeconomic structures. Changes in those structures may bring ideological consequences, just as ideological changes may drive home socioeconomic...If you want to get a full essay, order it on our website: Orderessay



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