What Happened to Liberal Democracy?

In this thought-provoking book, Nobel laureate Daron Acemoglu explores the rise, challenges, and future prospects of liberal democracy over the past century. He examines how liberalism, once celebrated for its promises of prosperity and democratic governance, has faced crises due to economic, social, and technological upheavals, leading to growing inequality and societal shifts. Using an interdisciplinary approach, Acemoglu assesses the successes and failures of liberal systems and proposes a new path he terms "working-class liberalism," emphasizing shared prosperity and community empowerment.