Edge of Chaos

Around the world, people angry at stagnant wages and growing inequality have rebelled against established governments and turned to political extremes - from the revolutions of the Arab Spring to Brexit and the election of Donald Trump. Liberal democracy, history's greatest engine of growth, now struggles to overcome unprecedented economic headwinds - whether it's aging populations, scarce resources, or unsustainable debt burdens. Hobbled by short-term thinking and ideological dogma, democracies risk falling prey to nationalism and protectionism that will deliver declining living standards.