Sat. Oct 12th, 2024

From today’s New York Times (Opinion Section):

by Francis Fukuyama, Senior Fellow, Stanford University

In Silicon Valley, where I live, the word “disruption” has an overwhelmingly positive valence: Thousands of smart, young people arrive here every year hoping to disrupt established ways of doing business — and become very rich in the process.

For almost everyone else, however, disruption is a bad thing. By nature, human beings prize stability and order. We learn to be adults by accumulating predictable habits, and we bond by memorializing our ancestors and traditions. So it should not be surprising that in today’s globalized world, many people are upset that vast technological and social forces constantly disrupt established social practices, even if they are better off materially.

Of course, globalization has produced enormous benefits. From 1970 to the 2008 financial crisis, global output quadrupled, and the benefits did not flow exclusively to the rich. According to the economist Steven Radelet, the number of people living in extreme poverty in developing countries fell from 42 percent in 1993 to 17 percent in 2011, while the percentage of children born in developing countries who died before their fifth birthday declined from 22 percent in 1960 to less than 5 percent by 2016.

Yet statistics like these do not reflect the lived experience of many people. The shift of manufacturing from the West to low labor-cost regions has meant that Asia’s rising middle classes have grown at the expense of rich countries’ working-class communities. And from a cultural standpoint, the huge movement of ideas, people and goods across national borders has disrupted traditional communities and ways of doing business. For some this has presented tremendous opportunity, but for others it is a threat.

Mr. Trump’s ascent poses a unique challenge to the American system because he fits comfortably into the trend toward illiberal democracy. He validated himself through popular support, but his entire career has been spent trying to bypass inconvenient rules — like the requirement to pay his own subcontractors. Much of his popularity rested heavily on his willingness to break existing customs about political correctness. This seemed politically bracing at first, but quickly became worrisome when Mr. Trump suggested that as president, he would “open up our libel laws” to initiate civil suits against his media critics. His pitch to the American voter was “I alone” can fix the country’s problems through sheer force of personality, and not through a reform of the country’s institutions.

That Mr. Trump expressed admiration for Mr. Putin, and that Mr. Putin returned the favor, should come as no surprise. Like Mr. Putin, Mr. Trump seems to want to use a democratic mandate to undermine the checks and balances that characterize a genuine liberal democracy. He will be an oligarch in the Russian mold: a rich man who used his wealth to gain political power and who would use political power to enrich himself once in office. And like Mr. Putin, Mr. Trump was able to create alternative narratives that often went unchallenged by his supporters.

Read the full article here.

By Editor